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+$113 I was very tempted to fade ES pre-market, but decided to let the market talk to me first. Short ES @ 950.75 on breakdown of -6 line, covered @ 948.50 pivot from deep spike below lower channel for +$108. A downtrend was clearly established and I watched price action when the bounce...

+ $113 Very little trading, lot of ES study using different TFs.

Thanks Mephisto! Coincidentally, I just registered with traderslaboratory about half an hour ago. I have QuoteTracker on my second PC and I'm somewhat familiar with it. I'll check out these resources!

Bob, You are one helluva kickass trader to take the LEH, ANR, HAR hits and end up so significantly profitable. FWIW, end the day flat. These overnights don't seem worth the risk. Has it always been this way? :confused: Enjoy the rest of this earnings season, I know you'll bury this...

Hog, I know you're doing me a favor, and thanks for everything! (trade on, trade off, trade on, trade off...)

I believe someone is mentoring me, but I believe he is possibly a figment of my trading imagination. I want him to tell me exactly when to put on a trade and when to exit, but all he does is hand me a sponge and say, "Wax on, wax off". :D On the other hand I have been in the company of some...

Thanks, David. I haven't made the full step forward yet, which would be taking my signals quickly (the trade always looks scariest there), and taking them all! Today was a total mindf*ck for me in pre-market. Anyone who follows this journal knows that I like to put on end-of day short...

If you haven't yet seen "Idiocracy", it's a hoot. It's got what plants crave!

+ $86 Very unfocused today, and very little trading.

+$86 Had 96 shares CL short from partial fill Friday. I saw that they go ex-dividend this Wed and didn’t want to pay the div if I held it, so I put in a stop if it rose at the open, which it did, hit for -$34, then went only a bit higher before dropping beautifully. Short STEC @ 32.84...

What is going on with HAR? It's been on my watch list for possible short entry on any weakness after its multi-day run up and suddenly the price runs up to 38.00, pulls back to 29.00, back into the 30's again. WTF, mate!

I never looked at ES on the weekend, so I did for the past hour after trading started up and my IB chart is not updating in real time despite the settings indicating it should be.

The 53.00 price level provides a signal to watch for short entry, but confirmation of the signal doesn't occur until the break through previous support (and trend line) at 52.82 (chart attached).

I see you, too, are familiar with Mr Weinstein's lucky coin. He really should've kept that under wraps; now he risks losing its edge.

RN, I must say that my trading knowledge seems to grow exponentially. I learned more in the past 2 weeks than I learned in the previous 6 months. Just this past week I learned the importance the concept you quote above. Answering the first question gives you a sense of positive expectancy, but...

There's a restaurant and bar in town called Armitage, but I suggested they change their name to Arbitrage 'cause if you're really hungry when you get there, you can enjoy a big spread.

I was at a party last night and saw an old musician friend I hadn't seen in years. "What are you doing these days?" he asked. "I'm day trading." said I. "You're not a musician anymore?" he asked in disbelief. "Oh, yes, still a musician," I said, "The day trading fits right in. At the...

I hallucinate patterns beyond the hard right edge, which compels me to take the trade. If my hallucination becomes real, I believe I can predict the future. If my hallucination is replaced by an alternate reality, I believe the entire market is hallucinating.

David, I understand this strategy of wide stops, especially if you're a VERY experienced trader with a deep understanding of your trading instrument (and deep pockets), but it's not for me and this is why: I believe in a bare minimum risk:reward of 1:1. I personally can work with that...

Dammit, tomahawk, making a comment like this is like saying "I dare you!" (Can she do it, can she do it, can she buy a breakout from the day's high.....) :D