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nah just risk management.....

with ya on this one.. but dont like to hold when the market closes at it highs. They like to play games in the afterhours.. ahh well. tough trading day for me.. at least on the us indices. First down day in a long time... tomorrow is a new day. looking to take a piece of this short...

just playing the R:R here.... I would be a complete idiot buying up here. Best to try to get on a low risk short or just stay on the sidelines nq and er2 divergence on this last high... market is runningout of steam.. lots of stops below the market... may need to reenter if stopped out due...

shorting here at 1483 leaving a 3 pt stop to give it some room because one more high is definately not out of the question. trade is highly countertrend. first target 1478 better entry would be one more high in the 1485 area.

as expected... after stopped out the market grinded higher all day... this could be a pretty signifcant low... we needed to get down to 1430 for increased odds of more downside which they could not do. Next stop 1484, then most likely 1500-1503.

selling some of my swing trade on JY(yen) that was posted on here about 2 weeks ago. taking about 350 pips of profit traded with a 30 pip stop. Still holding for a new bull market to develop on this trade though. Next target is about 700 pips higher :) just taking some off and moving up...

tough trading today... most intraday drawdown in a month or 2.... Could possibly be profitable on the day if we have good afternoon session.

nasdaq hit daily support at the close of yesterday and has ripped past resistance, er2 has ripped past resis. The only markets barely holding are es and ym.

haha nice trade my friend... you could have a real big winner here

just waking up too see I am stopped out... However market looks to be opening smack dab in my last resistance.... I am getting short again here at 1456 with a 2.5 pt stop 1440 as first target If they break this resistance it would be saying a lot and expect a good recovery today.

got my ass handed to me trading size shorting otm index options a couple years ago. Took about a 70k hit on one trade. Never touched otm options since....

I love that quote.... very powerful.

funny you bring that up... just looking at getting short gold very,very soon.

just got a small position short at 1450.25 stop 1454.50 first target 1540 second target new lows

looking to get shorty in the 1450's with a tight stop to ride down to retest and possibly new lows tomorrow.

Anyone know of any type of stop order that does not need to be replaced after the CME goes down after the close. Or possibly a service that does it for you? Its getting annoying having to replace the canceled orders all the time.

Yes I am still bearish on the market however there is a pretty strong bullish pattern developing overnight. The lower low in the globex has completed a possible wedge and you combine that with shoulder on the left and you can see the potential bullish structure forming. If they can rally it...

Just something to remember that can add a very small edge. In a bear market the market tends to sell off into the close.

I cannot agree more.... what a week.. im exhausted. Time to go see the Canucks vs Avalanche. Good weekend all...

Could add my system as well.... this is my baby I trade everyday on the ES. 6 years of trades, started out trading 1 contract and has proper position sizing added to it. Commissions are subtracted as well just doesnt have as many trades.