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Whew, that explains everything. Thank you! As a fairly new trader, I don't yet have trading dreams, so I ask kindly your indulgence in my naive question: If you trade well in your dreams, do the profits show up in your account in the morning?

+ $30 Short ORLY @ 39.29 on breakdown through the 20-period MA, in Etrade account because it looked a possible swing position based on the daily chart. Trailed a stop, hit @ 39.09 for +$30. Had a couple ORLY scratch trades on pullback from a test of the HOD, ended up net b/e. Long...

+ $30 blah

A thread after my own heart (especially once RN chimed in): Never watched Seinfeld (or American "Idle", for that matter). As for serene trading, I just recently discovered I can throw all my indicators away, leaving only the 20-period MA onscreen, short when price bar is 1 cm above the 20...

I know folks are going to laugh at my "channels", but I don't care, it works :p What I do is have both the 10-period and 20-period moving averages displayed on my chart (I use the 10-period for scalping small moves and for alerting me that "someone may want to dance soon"). But mainly I...

I attended a couple of Oliver Velez' free webinars and they were a superb lesson in using candlestick patterns to read the footprints of crowd behavior and project quite accurately the direction the crowd will run next (continuation of trend or reversal). Doesn't that sound so simple? Either...

It really is! I'm using overbought/oversold, trend lines and S/R levels, along with position in relation to moving average channels as my main entry points. It's been like an ATM machine...on paper. I've been warned never use OB/OS, but it's working fantastic, especially with the MA channels...

Short covering alone can't spark a nearly 50% move in a stock. Obviously enough real buyers starting piling in once support was quickly established this morning to start the trend up, then trend followers and short covering continued to help fuel the move. Since it fell so far so quickly, it's...

That is a great idea! I can usually see in the price action and the overall look of the chart when the price is itching to test that level, so seems like little to lose putting on the trade as it approaches.

First you have to get a market maker learner's permit, then if manage to avoid accidents, moving violations, and TWI (trading while intoxicated) for a period of 6 months, you can take the MMMMSG exam* granting you your license and access to Level 3. * Market Maker Market Manipulation & Stop...

Yes, next week's range will be a high of 13.24 and a low of 9.16 :D :D :D

Actually, support and resistance are my holiest grail. The reason I suspected price might break out through resistance yet again even though AIG and HAR had climbed a long way, is because I've seen it happen so many times before (and have pissed away profits top-picking those zones), especially...

Technically it was hugely oversold and found solid support early this morning. Fundamentally, I would guess the short interest was significant after some firm yesterday said they may be worth nothing. So you have a nice support base after a non-stop selloff that's gone on for days...

+$122 Day +$352 Week +$643 Month Very little trading but solid as a rock, lots of observation, still paper trading ES. Good weekend all!

+ $122 I traded ORLY today and was very pleased (except that I only traded 200 shares): Short ORLY @ 39.80 pullback from lower high, covered @ 39.52 oversold for +$54. Short ORLY @ 39.62 pullback from overbought, failure to reach previous resistance. Covered @ 39.49 oversold pivot for...

Willie! Nice to hear from you. Send me an email and tell me what's new.

+$112 Planned to trade ES today, but got no clear signal off the opening range and traded STEC instead. Short STEC on momentum @ 24.34 as it dropped sharply off the HOD, trailed a limit order a bit too slowly and was lifted @ 23.13 for +$40. Short STEC @ 24.61 when it hit a new HOD...

+ $112 Very little trading today.

"Averaging down works really well until it doesn't. Then it REALLY doesn't." Here is a scenario where averaging down is acceptable because you are planning your max risk in advance (though it's still not wise): A stock sets up for a long or short, but it's not the highest probability setup...

I only decided it was a "possible" top after several failures to break out. Those dojis on the 5-min chart no longer reflected strength (to me). At that point, the downside probability was strong enough for me to risk a tight stop for a likely move down. I agree paper trading sucks and after...