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Took an easy long scalp today. I don't like looking at my charts after I trade so I went downstairs and walked around and watched TV. After entry, price moved my way right away so I did raise my stop a little bit. My thought process is if I took a loss I would trade on Friday if not I would...

None of this is edge. Here is edge. 1) Only take trades that have positive expectancy to reach a profit before the stop is hit. 2) Even trade are fine with equal risk vs reward if your win% is high. Edge is about statistical proven strategies. 3) Most people don't have the possibility...

In simple terms, it's a bubble of almost free money with close to 0 interest rates. As interest rates rise stock prices will fall. Stocks are being bought because there is no money to be made in bonds. Actually, with interest rates set to rise, bond prices will also be hurt in the near term...

For ES I want to go with trend on a pullback or counter trend scalp at a resistance that has not been tested more than once during the day. So when I open my charts I look 1st at what type of trend do we have. Is the market going up or down. The market was going up today. I then look to see...

Finally a perfect scalp. 1st level resistance was at 1770.25. However there were a lot of sell orders on the DOM at 1770 and 1769.75. I decided to limit in at 1769.75 for a counter trend scalp. This order got filled, and I moved my stop down a little as I took very little heat. I probably...

Stock made a double top but higher resistance level is $ 9/sh. If you have for example 1000 shares take 1/2 off now and target the rest for $ 9/sh. Your main stop should be brought up to $ 5.50/sh. Or leave stop at $ 5.50 and target $ 9/sh if you have 100 shares.

I like the new blue color. As noted in the ES forum, I talked about time frames. To recap. 1) Pre=market open 2) Morning 3) Lunch 4) Afternoon. 5) After market close 6) Night. Each time frame has it's own characteristics. 1) Range or trend 2) Counter trend 3)...

yahoo: http://finance.yahoo.com/q/ta?s=^GSPC&t=5d&l=on&z=l&q=l&p=&a=ss&c= [/url] Normally, in day trading, we don't care what happened during the week. Also we don't use the slow stoch for trading in real time. However, we can see that the market yesterday went up before falling, and...

I am going to speak a bit about TA for ES. I see the following time frames. 1) Pre-market open. (I never trade this) 2) Sideways action before a report comes out. ( I should not trade this since I got stopped out before when report came out). 3) Morning time frame. Sometimes moves...

Since we are discussing NT, I want to talk about another issue on automating the break even. So for example, I create an order management strategy for 2 contracts. I set the 1st with x as my stop loss and y as my target. I then set the 2nd contract with x as my stop loss and w as my target...

In an early bull or bear market, you are right, it probably would be better to just get long or short and hold for 6 months to a year. The problem, most investors don't know when the bull market will end, and lose all their profits and then blow out the rest of their money during a bear...

For some reason my charts were not working right yesterday, and I decided to trade off of the DOM which is not part of my trading plan and I off course lost money. I updated to the newest release of NT and charts are working now. Market Update: "12:55 pm : Major equity indices hold midday...

It's was on a business cable channel. Good news my 2nd target just got hit. So I made 2 points on 1st short. And 4 points on the 2nd short. I am done trading for the week. Good luck all. :-)

Just heard that some hedge funds thinking about dumping all their stock like on the movie "Margin Call" even though they are afraid to be the 1st one to kill the market. If this occurs we could get 1,000 points down on the S&P.

I just re-shorted. Going for much more downside.

My target just got hit. I should have done more contracts. Of course its hard to short lower than when you previously shorted and made money. Why don't I trust myself more. Anyway, made double my previous scalping trade profit.

Meeting failed to stop shutdown. I am currently shorting over night, see what happens. So far short is doing well.

The earnings report does not break down the day to day numbers, but total revenue for 6 months was $ 18.7 billion for all activities. Anyway, that is pretty good for whatever they are doing.

Here's a channel breakout that worked for a small real money scalp. I went short on the 2nd test down.

ES had a channel breakout to the downside. It went back up to a resistance level, so had order to short if it came back down which it did. Trade went my way right away so I moved my stop down. I then moved target up as ES came to minor support level and I was able to hit my target for a small...