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Trendline breakout bounce on support then rip thru resistance....... 1, 2, 3. :confused:

The same principles apply. :) It's all about timing. There are certain times when things are almost certain to happen........

Long FAZ @ 21.22, stop 20.79; 100 shares for .2% initial R

Absolutely juicy inverted HnS on FAZ this morning. Just look at that range compression ..... a low risk launch pad if I ever saw one.

What are you talking about? He lobbed, we volleyed. I doubt any of us were offended. Were you? I like this thread for seeing how others approach the art of applying the check valve of brokerage activity between The Market and their account. :confused:

Interesting trendz being broken. Teetering.....

Do you mean to imply that yesterday's transactions do not effect today's potential? As if levered longs getting margin calls today will have any money tomorrow..... As if large limit buyers last week will suddenly abandon their holdings.... Or do you mean to imply that winning traders...

I totally agree with this. My best trades have happened when I assumed my analysis was wrong, when I didn't want to trade, yet the price action made it totally obvious what was about to happen. "I never buy the bottom and I always get out before the top" -'Old Man Rosthchild', from...

Here are a few from Victor Sperandeo: "When you are trading at your biggest, you should be making money instantaneously." "Over a five year period, I trained thirty-eight people.... ....Of these, five made money." "One of the people I picked was a high school dropout.... he was one...

Are you consistently profitable? Got 500 trades to prove it? Your back test doesn't count.

ES broken trendline, oscillating around s/r........

Engineering degrees are in huge demand. 5 year degree at resident / state university ~$30k (Yes it will take 5 years, typically) First year income ~$60k Income after 4 years ~$80-$100k Granted, they practically break you in engineering school. Most people give up. My only...

2008 mid summer flag vs. 2012..... Similar pattern but much stronger trend this year.

Our trading tactics couldn't be more opposite. I always buy strength with as much velocity as possible - buying the train right after it has bolted out of the station, pegged on overbought! Interesting journal. Thanks for posting your thoughts. :)

Hindsight Update: Sold too early..... should have sat and waited for $2.7 as I had planned. My excuse: it looked like wave 5 had come and gone. I should have just trailed the stop. :(

Sold BZH @ 2.55 limit Account Balance: $17,822 YTD Return: 10.3% Win Rate: .63 Profit Factor: 2.19 (mistakenly calculated as expectancy last time)

A couple more Seykota quotes: When asked if he tries to buy the bottom of the range: "Oh no, my buy stop would be above the market where I anticipate the momentum to be greatest......... I buy where most people start to think about selling" When recounting how he learned about trading...

What a strange day on BZH! The Market was skying and my stock sold off, then put in the weirdest flat line range I've ever seen. Even though I had planned to pick up more shares once it retraced to the MA bundle (this is a great place to buy a retrace), I lost my nerve, tightened the stop...

Airborne... :eek:

Ah yes, the old "black hole catapult" trick....