Search results

I used to have a lot of near misses. I would get stopped out only by a few ticks, then ES would go in my favor ( I trades SPY and take signals from ES). That made me realize that my stop placement was flawed. I now use wider stops and trade less often. The only way I was able to get this...

Did you consider LoopHole/SocksCap5 combination. Worked great for me.

I admire someone that has the ability to fade strong trending markets as in the case of Jim Rodgers. It definitely takes a certain amount of arrogance/cockiness to place the trade as well as confidence in your beliefs to take the heat.

Do Vulkans have/enjoy sex or are they all test tube babies? If so, I think Vulkan Porn would be good for some laughs.

same here.

I recently made a rule that if I am going to buy a pullback on the SPY 5 min chart, it must be within the context of a bullish pattern (ie... breakout, breakdown failure, etc..) on the SPY 30 min chart. Same goes for a trade on the SPY 1min chart. confirmation must be made on the 5 min chart...

No Trades for me today. I am slowly learning to avoid these conditions like the plague.

I worked for a large company (Verizon) for 2.5 years before quitting to daytrade. It was a real eye opener. a lot of people had their nice cars and nice houses, tons of debt, and seemed to be pretty miserable at what they were doing. You should have seen the jealous looks on their faces when...

Get an MBA and a job making 200k and report back your experience. Let me know if you only work 7 hours a day, are able to take vacations whenever you want, and don't have a boss or any customers. The risks are high but so is the reward.

I trade continuation patterns (flags,wedges,etc...) on the SPY 1 and 5 min chart with ES as my signal. I enter on the completion of the pattern so often times I am in just before a spike occurs. Other than that, I have no method for entering the market during a spike.

from casual observation of the ES 5 min chart, a 1 bar trailing stop will often times capture the big moves if the momentum is strong. For the 1 minute ES Chart ( I use this for my signal, I actually trade SPY), I use a 2 bar trailing stop, and once ES has moved in my favor by 3 points, I...

I wouldn't during lunchtime. If the pattern is still intact this afternoon, could be juicy.

Definitely not a Key reversal Day. If you look at the ES 60 min chart, it looks like we are still in this oscillating/choppy pattern.

Market hasn't been bad for me because I have made no trades today. Unlike Monday when I was thoroughly Spanked.

With all the things other than the actual price on the chart, it kind of looks like a cluster F@CK to me (haha). What are the circles for? How Do they help you make money?

Fed's Beige Book comes out at 2:00 pm. This afternoon could get interesting.

Today was nice because you had a break below yesterdays low only to see price promptly jump back up. If you look at the ES 60 min chart, the pattern was a classic Dinapoli "rail road tracks" trade (Price rejection). everyone who shorted below the break of yesterdays low quickly found themself...

Actually, I did net a dollar today. Can't say that I am jumping for joy but I am not thinking of ways to sell body organs to replenish my trading account either.

wake up at 8:15 am eastern. Eat breakfast consisting of Oatmeal/Vanilla Silk Soy Milk (yummy), OJ, double Espresso. Catch CNBC's Rick Santelli Bond Market update at 8:30 am. Run for 30 minutes. Take cold shower to cool off. Turn on CNBC until 9:30 to see how Foreign markets are doing...

I had a similiar situation occur with RJT about a year back. I brought it to their attention and they cancelled the trade, no loss to me. I'm sure your broker will make it better.