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No i dont add to losers and i dont pyramid. But i try to scale in around the pivot level. Reason why i scale is sometimes i will get a better fill by being more patient. --MIKE

When i play pivots i never add when i have a decent profit.. bceause most moves are small and short. I dont really believe in intraday trends. However I will scale into a trae based on pivot. My stop loss is based on that level .. i dont use an exact stop... i try to read the levels of...

Reason why is canceled stop.. was that i realized that if i place my stop at HOD.. i will still be able to make a lil profit if i am wrong.. and leaving stop at B/E was almost surely gonna get hit into from that pop... In most cases I would rather make a lil and take a chance to make more...

I decided to cancel my stop... because i dont believe the market will sustain that pop... my stop is now at HOD. I will probably close out the remainder of the trade at EOD. Market is whippy now because of options expiring.

Because we had a nice strong move into it is why i went short. ES has been rallying from noontime... so it was a great point for some players to start locking in long profits... The truth is that most of the time trends dont last too long for the ES. Maybe 30% of the time.. u will get a huge...

U are better off entering the market into the support resistance.. and just managing the trade from there.... WHen u wait for confirmation u will miss much of the move and get the worst fill to boot. --MIKE

I dont look at candles and bars.. just support and resistance levels. By the time u get the reversal bars.. the pros will be starting to cover partials.

Resistance 1

Pivots have been working great lately... finally the holly grail..lol I find they work best for the ES. --MIKE

covered 2 into the down move.. target is the pivot 1131 .. stop now at b/e

SHORT 5 es 1138

Thats a huge position.. the stock is super volatile. WHat is your account size?

Its interesting how all the news is absolutely great and the markets are not reacting so well to it. Great earning from some of the bell weathers and blow out consumer confidence.. and the ES is only up a fraction. Tells me the market is top heavy. The dow should be up atleast 100 with...

What was the first resisatance in the morning... market practically tanked from the open. --MIKE

Dude what moron blindly just buys the market because we have been up 8 weeks in a row? Just because the markets have been up that long doesnt mean it wont correct anyday. And the correction can be a blip or very deep. I am not calling the final top in the market.. just saying that i am not...

Everytime the market goes up this guy will cheer lead it. One day the market will start to tank hard.. and he will never post again for a few months. For now.. he is here to stay. --MIKE

Whats going on with esignal today.. not working?

Dude.. why are u always bringing out the positives... We know u are long the market.. The futures are down over 13 points.. INTC earnings werent so great. and margins were weak. They guided revenue poorly. QLGC missed revenue... YHOO smoked... stock was overextended.. buy the...

Yes.. my trade is also based on pure gut and trader's feeling. Its a discretionary swing trade.. not based on mechanics. Technically... the market is trading in the upper portion of its uptrend channel and I believe its ripe for a pulllback. Of course I could be totally wrong and the market...

It will take much longer to reset those MA's than just a few weeks. My point is the market is dangerously at unprecedented levels. I am not predicting an exact price move on the market.. I am just stating cold hard facts.. and making a trade based on these facts... just as good as any other...