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Of couse it did... what do you think fuels a rally? Market moves from one set of stops to the next. When market is overbought there is more sell stops below the market vs buy stops above the market and vice versa for oversold. Just basic market mechanics.

I understand his point but it is not valid in this scenario. Every flip is independent, 70% chance of getting heads everytime its flipped. How could it ever be a 50/50 chance of getting tails?

Reread my post. I said you have a 70% chance of getting heads over tails everytime the coin is flipped. Think of it as a weighted coin or something. Its a bad example but you should be able to get at what I am saying.

Hypothetically, say you have an edge of 70% that when you flip a coin it will be heads. If you flip the coin 7 times and they are all tails. What are the odds that the next flip will be a heads vs being a tails..... The more tails you get the higher the odds the next one will be a heads.

s&p up 27% at the end of the year....... Ill take the other side of that trade. Im with steinhardt.... we are in a maturing bull market. Dont worry, volatilitly will be coming very soon. Probably within the next few weeks.

If your going to run it automated on TS I would recommend being there every minute of the day. I cant tell you how many thousands have been loss from TS messing up an order and not closing out etc while I have been away. However, most of these systems were taking over 5 trades a day. I...

Print this post out, hang it on your wall and read it every morning until you really believe it. I couldnt have put it any better myself. Brilliant Jachryra. With 70% winners, that means 30% losers. Thats quite a lot when you think about it. Most people try a new system, works for awhile...

Thanks for the comment RusselDayTrade, definately was a decent trade, usually dont like to take that much heat though.. It was just a matter of them washing out the weak longs and it got a bit overextended in the morning. The russel is a beast, but when you get it down the rewards are...

Profit 2 hit and filled at 819. Now long 25% of position looking for a move up to 825 or so with a trailing stop. I added to my position at 814 with a stop at the same place 813.40. Net profit of 4 pts per contract at this point. The low of day was one tick away from getting stopped out....

Getting a bit aggressive? I have never seen you buy so close to highs.

Quote from apex82: Long ER2 from 815(bought in at yesterdays close) looking for a minimum move up to 818. Second target will be 819 and then holding last piece for new highs. Stop at 813.40 -------------------------------------------------------------------------------- Taking some more...

From http://elitetrader.com/vb/attachment.php?s=&postid=1361960 To.... You can see it hit the first zone to the tick and took off.

holy smokes.... LOD so far 813.50. Taking some off for a 5 tick gain. dont like the PA. Still holding 75% for other targets

Long ER2 from 815(bought in at yesterdays close) looking for a minimum move up to 818. Second target will be 819 and then holding last piece for new highs. Stop at 813.40

Go back and look at the tuesday and wednesday of option expiration week. Then look at the following 2 days.

Here are the support zones for the es below the market today. I especially like the the second one at 1452.50-1453.50. 1455.50-1457 is fairly strong though and will probably retest the highs if it gets down there.

What a character. He was 8-13 points off and hes saying he called the bottom. I was talking about 1433 for a while for a buying oppurtunity, missed it by 2 points. He is doing one thing right.... the 50 ema is one of my stronger cfs.

The reason I use IF statements is because I trade with odds and probabilities. If you were a real trader you would know that the market can do whatever it wants and there is no guarantees. If I said the market was going to do something and it didnt, it would mess with my psychology and I would...

Ya porge... couldnt get more rear view then 10 minutes before the open eh? Leave this thread alone, you have contributed nothing but comments that dont make any sense.

Dinner is on you tomorrow night