Search results

The joy of being a carefree noob!

Call Etrade and ask them about getting in at the IPO price. When V had their IPO I purchased 2000 shares at market that morning. I'd been trading for 5 whole weeks, had no idea what a limit order or a stop was and simply thought, "Wow, Visa! That will go up!" Well, it took almost an hour...

Here's the timing and pricing of my ES sim trade.

+ $74 Sim traded ES: As it made a high on the day prior to consumer sentiment report, I placed a sell stop @ 1064.50 (about a pt below the high), triggered on news. Covered at the pivot off the lower channel line overshoot for a very quick $603 profit. This demonstrated the value of having...

+ $74 Took afternoon off.

Be careful how you interpret statistics. If 200,000 men are career traders participating in this report and 30 women are career traders participating in this report and only 1 out of 100 women are among the "top" traders (and we're talking about those who wish to be known, not top traders...

LMFAO! Hog is in his happy hour after glow because he put on the f*ckin ORB trade this morning and made lord knows how much profit!

No do not leave ET! Simply accept ET for what it is. Become one with ET. Honestly, you will get there. I will get there.

Got it. Got it. Working my ass off on this one. Jack, you keep compelling me to read more stuff; I feel like a perpetual student.I need to BREAK OUT!!!

Women give birth to boys, therefore we "make" better traders. :D :D :D (Sorry, ladies, but this IS after all ET and I have to keep the guys on their toes here, never knowing what to expect from whom...)

That was uncanny, eh? :D I looked at the small pushes up that had been occurring and I placed my offer well in advance at a price I thought it would at least push to next if indeed it attempted to maintain the gradual uptrend. I had to laugh when it did push one more time and that turned...

It sure does! I did it today, inspired by this very thread, BANG! Made around $7K, but damn, it scared my balls off!

Very frustrating day with no live trades after 2 missed entries. I saw that ES established a very narrow opening range and figured it would be a good ORB play. I ended up missing the entry by not having my order in place in advance, and when it quickly broke out I was afraid to chase an...

Missed two entries, didn't chase, and so no live trades today.

Nice trading, Neke. I like that W where previous resistance became support; new highs coming. :cool:

Price only goes higher when more people want to buy than want to sell. This moves the price higher as buyers take the offer and sellers realize they may be able to get a better price and ask more. This is "price action" and it leaves behind a footprint in the form of price bars. The...

cybercash, I like you :cool: Thanks for posting this thread.

I was just about to post the exact same thing, you beat me to it. When I see price approach a previous resistance point on average or low volume beneath a falling moving average and stochs are nearly overbought (technical analysis), I anticipate a pending reversal. If the price action then...

OK, I take that back. I've now seen 2 definitions, the same at the core :cool:

Al Brooks has a spot on quote that is the only definition of price action I've ever seen. In the chapter on trend lines and trend channels, he discusses reversals at overshoots of the channel: "The reversal at an overshoot happens because it is such an entrenched part of institutional trading...