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Shouldn't you wait for Black Friday's "trample quotient" to be reported before choosing sides??? :D

Fellow Newb: I posted not long ago on another thread a trader's guide to navigating the current irrational market environment: http://www.elitetrader.com/vb/showthread.php?s=&postid=2646903#post2646903 Hope this helps clear things up!

+ $8 Short ANF @ 39.93 pullback from lower high, stopped out on the pivot off low for +$8. I then sim traded GC and CL on and off through the day. I'm still leaving massive amounts of profits behind by not staying in "runs". I have too much scalping mentality on days like today when it was...

+ $8 One morning scalp, then sim futures most of the day.

Fading strong moves isn't, in and of itself, a poor strategy. Robert has demonstrated its profitability over long stretches of time. IMHO, though, there are some fundamentals that need to be considered before choosing to fade a strong move as opposed to waiting for a lower high/higher low...

1106.00 was a sweet one, agreed, and I should've been there with at least 2, because that was such a favorite setup for me. Glad you got some! I made a commitment to trade larger size when the probability is higher. I thought the failure to thrive this morning where previous support became...

We are in a very long-running uptrend. So the institutional buyers following the trend are buying every dip and once a support level is established on a down day by way of a double bottom or higher low, that's the signal to buy more!

+ $190 I didn’t want to trade until after the consumer sentiment numbers, but I do regret not taking the short signal when price left a couple small shooting stars in pre-market attempting and failing to break through the premarket high of 1107.00. Later after the news I noticed that...

+ $190 Just one small trade today, lots of sim trading GC and CL. Arjun, you are my hero. Keep posting those numbers, what an inspiration! I promised you some competition and I will keep that promise one day :cool:

Based on the price action with respect to fundamentals I've observed with various stocks over the past few months, these all appear to be strong buy signals. :D :D :D

+ $264 Weekend news that ANF’s new flagship store in Italy left empty cash registers behind, plus weak price action, plus the fact that it failed to rally with the market invited a short @ 39.93 average price. Covered @ 39.48 pivot off oversold for +$264. ES @ 1110 winked at me so hard...

+ $264 Just one trade today.

That's a decent target you have; what is your avg hold time on trades?

I highly doubt it if you're targeting 1 pt a day as profit target.

These are the exact zones I envision as well. 83/85 is being defended, but not with any particular strength. We'll need some news beats to get to 1105 IMHO, but as long as support holds, anything "less bad" might do it. Usually right about this time in the cycle back to the trend line (this...

+$330 Day +$1234 Week Short ANF @ average 40.71 on the opening short squeeze, selling into strength when price pulled exactly 1 cm. away from the 20 EMA. Covered @ 40.04 on the pivot off oversold from near the LOD for +$330. Watched ANF meander for a long time and could’ve had a nice...

+$330 Day +$1234 Week Just one small trade today. Have a good weekend all!

I'm quite familiar with trading AAPL and SPY options because I've been sim trading them to test various strategies for intraday and swing trades. They are very liquid, in fact SPY options at or near the money usually have a .01 spread and enough real buyers/sellers to put in a stop at whatever...

Slightly longer term looks like a pullback to 1050 area is in the cards.

If you are averaging 1% a day swinging ETF's and your strategy produces a high win percentage, consider swinging the options for major additional leverage. As an example, you could've shorted SPY this week when it got toppy around 111.00 and failed to break out and yesterday taken profits when...