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10:14 L 101.14 11:00 L 101.74 11:15 SH 101.80 01:32 L 101.87 01:37 L 102.10

Nice demonstration of good trading practices :cool:

I only use the daily chart for key levels of interest, but looking at it from a longer term swing trading perspective, I would imagine a break below 100 would attract strong buying between 98 and 99 because that's where previous resistance levels are, levels where price broke out in early July...

I was long at 10:14 based on 1-2-3 setup off round number and daily LTL zone.

The current system (pre-Obamacare) ensures that those of us making enough to pay taxes cover the healthcare costs of those who can't afford healthcare. Those in the middle are always at risk of a major event (severe illness or accident) throwing them into personal bankruptcy. Medical costs...

50-day EMA ~1666 and lower trend line ~1652

I agree totally. Let's see some hard evidence of Mike's bigotry and untrustworthiness. Heck, I can hardly sleep at night anymore, worrying how my membership fee was used, or if Mike will suddenly go on a massive spending spree when he finds out how big the credit limit is on my card. Boys, we...

There was a 353 down day back in June. This is an uptrend, so the moves up run further than the moves down. However, bulls take the stairs and bears jump out the window, so the moves up tend to be longer grinds. Which is why many traders prefer to swing counter to the uptrend, for that quick...

If you've ever (even just once) widened your stop to give the trade room to work and it allowed you to exit break even or with a profit, you're now in possession of a dangerous vial of Hope. I believe it's important to get rid of that, just pour it down the drain the way an alcoholic who's hit...

That trade was instinctual for me too. It was a pattern that I trade, but it wasn't in the context that I trade it. I saw the ES dropping back down to test the low, and CL just hung there suddenly looking strong...and I just clicked Buy without thinking. :eek:

Your trading looks good to me! On that .11 long you took I was thinking, Darn, there was just a few ticks difference between our entries, stops and targets, are you my brother from another mother? :p

No, that's one of the common Obamacare myths the disease-care industry spreads via "grassroots bloggers who care about the common man". When the pieces of the healthcare law is presented to people in polls, the majority of people are in favor of them; when the poll asks people if they approve...

Classic TA :cool:

If the relative strength holds up 103.45 is a technical 60-min channel target.

Price was on vacation today :p :p

The ACA requires that Members of Congress and other federal employees obtain health insurance either through an exchange or some other program approved by the law (such as Medicare), instead of using the current government program (the Federal Employees Health Benefits Program).

I see this as a triangle breakout (first entry) with decent airspace to the next level in line to be tested.

I've shared this before, from an interview with Mark Douglas: Trading a technical methodology or a technical pattern does not have anything to do with being right or wrong. It’s just an odds game. You’ve got to be able to take every single trade because you don’t know the sequence of...

There's a forum called "Vendors and Product Reviews" that appears to have threads where members ask for feedback about vendors and products, and also a lot of "Ask me anything" threads where you can ask vendors anything. I didn't see any of these threads restricted to Elite members; they're open...

I have no experience with vendor products or reviews of them, so I have no idea. I paid for the Elite membership because I liked the plethora of detailed trading ideas and the civility of the conversations and just wanted to support the forum. I've never even looked at a Elite webinar or...