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You raise good points and I do agree! EMG's contention (as I understand it) is that exposure to higher education encourages you to take a more statistical/mathematical approach to markets (of course you can also use all the discretionary and news analysis etc.). A highly educated person would...

small stops have caused me way too much bleeding :) btw, I got influenced (one should never get influenced lol) and closed my trade at 1404. I will reenter at 1406 if we get there.

True. By his constant and unrestrained behavior, he fails to impress people. Rather he irritates people. He would have managed to cast a much finer impression had he been a bit more choosy and constrained. EMG - something to take note, I guess.

Hi around 1401, my stop is wide at 1415

90% of ET hates emg for his preaching, but there is some truth in above post. In today's world (not 1980s and 1990s), higher education, good math and computer science skills are way more important because other participants (read HFTs) are way more sophisticated.

Short 1409

out for +1.

long 1405.25 stop 3 pts

so confused.....one side of me tells me to go long, another side tells me to go short ---- so I will wait patiently without a trade.

Thx BigAAPL for posting.

Holy Moly! Finally, a positive week after 5 consecutive negative weeks. And I made money on all 5 days :) The most brilliant yet the most embarrassing trade I did was when I went long ES at 1384 and added at 1386, booked profits around 1395 and then short, and ES zoomed past 1400 and closed...

this prediction came out of nowhere....lol. In 1987, week prior to Monday crash was a huge down week. we all know how this week panned out. No similarity whatsoever with '87.

this is what will move markets RT @mrtopstep: BOEHNER TO SPEAK ON FISCAL CLIFF AT 12:45 P.M., AIDE SAYS #stockaction $$

stopped 1 point loss.

it cant go down with any force which means it must go up long 1411.75 Edit: added at 1413

flat @ 1414...lost 3 ticks doing all this. hard to trade till we see some clarity. Edit: once again :confused: 3 minutes after I closed my trade, it broke down....well, tough day it seems.

you are correct....very tight trading so far today.. I am out of my add at 1414 for a scratch.....just 1 short and stop at 1415....lets see.

damn, its breaking down now....i needed to wait for 3-4 more minutes Anyways short 1414 again, stop 1416 on both contracts

covered at 14.75...its taking a long time to go down, so reducing risk here. Still short 1 ES from 1413

sell one more at 15.75, 1 point stop