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Excerpted from a recent MarketWatch article, take note of Lee's final comment: "U.S. equities seem to have stalled at an invisible ceiling since exceeding 1,090 two weeks ago," wrote Thomas Lee, U.S. equity strategist for J.P. Morgan, Thursday. Analysts say the first round of...

Petsamo, I looked at a weekly chart and I can see it! (Don't tell me T/A doesn't work!)

My average target is 2-4 pts. Here is my major issue: I fail to consistently place my orders in advance at the trigger price. The few times I do this, I'm in at a fantastic entry price and can catch 2 pts minimum easily. But most of the time I overanalyze the action and wait for price to...

R, will you start another swing trading journal? I really enjoyed your last one!

Is it just me, cats, or is this EXTREME-HIGH ENERGY journal starting to get a MyFace feel to it??? “Sometimes I doubt IncNow's commitment to EXTREME-HIGH ENERGY." (NoD says in the stridently exasperated voice of Kitty in the movie Donnie Darko as she doubts Rose’s commitment to Sparkle...

Joe, great thread as always. Jack, this one sent chills up my spine. ET should have a value filter; this thread gets a 10 IMHO.

What is your average NQ hold time and what size stop do you generally put in to survive it? I'm very interested in doing some swing trades on futures.

Thanks guys, I've gotten a lot of good advice here. What I need to work on is preparing my orders in advance, ready to activate when price reaches that level. These have always been my most successful trades and when I get in the trade that way, with advance planning, instead of reacting to...

Thanks, Hog. I'm still having a lot of trouble choosing my stop strategy. Sometimes I lose focus and miss getting in at the proper entry zone, and I chase the trade, but when I do that I have to trust my target and use a wide stop or I'm chopped to death only to see the trade end up in my...

I'm very new to ES, with very few live trades under my belt and a fantastic history in my sim account over the past couple months. I've been playing with wide stops and tight stops and a variety of strategies. Can you guys either post here or PM me the stop strategies you use intraday vs...

Sub, I know what you mean, and I think when we "shortologists" (as AMT terms us) start feeling bullish, we are very close to a trend reversal. Today I only traded in my sim account, because I'm still not fully comfortable trading ES live and also was giving CL another go at it in sim (I'm...

I found that trading in my sim account over the past couple months is helping me overcome hesitation. I rarely hesitate in the sim account (nothing to lose) and it's getting me in the habit of getting in quickly. Also focusing on trading just 2-3 things is a big plus, because I'm getting to...

No live trades today, strictly sim with ES & CL. ES +$3014.30 trading 1- 8 cars CL +$848.50 trading 1 car with .20 cent stops I didn't do anything crazy (like tossing 100 sim cars - BANG!!!) :D I traded as I would've traded live, and managed to cut a few winners quite short, just...

No live trades today, strictly sim CL & ES + $329 Week

When CL gets a move on, a stop is about as effective as a stop sign is for a runaway truck :eek:

Holy Mary Mother of God, I am WAY out of my league here. Not sure what to do now... :confused:

I was testing my ATS all morning, so I wasn't watching the market, but it looks like the first half hour was a reasonable move to the short side. Losing $50K isn't a problem if your average win is $100K or better, so I've no idea in isolation if the person(s) you're referring to simply got...

IMHO, a better question is "What's RIGHT with X?" Why should a company whose earnings projection for 2009 is -10.29 per share and whose earnings projection for 2010 is .96 per share ever have been trading at 25% of its all time high in 2008 when its earnings were 18.24 per share??? The...

We be traders! Just go with the flow!

+$6 After a great deal of tweaking, the morning test run of the ATS netted $900 on 100-share trades, $179 on APOL alone, and 3 profitable in a row on SPWRA. This has been the best test run ever. Back at my desk for the dolrums, I tried a couple trades and scratched both, shorting ES @...