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A friend of mine uses ibd for market timing confirmation and stock selection as well. He made the comment one time that they are typically 1 or 2 days behind the curve. Do you see this as well?

Targets for Monday: 1180-1182 downside. Worst case scenario 1150; probably not until Wednesday should washington botch deadline. Europe still a wild card. 1229-1231 upside. Best case scenario 1242; unless washington and Europe pull something out of their arsches which would push this to...

Week ending 11/19/11 -4500 Tape bombs in CVX and RIG cost me approx 4k. I was torn between holding the pairs with them and decided it was not worth the overnight risk given what happened to BP when they had the gulf pipeline leak. The only thing I regret is not waiting for dead cat...

1214.01 was closing price for options so yes they were OOM.

Covered...that was nice!!!!

Will be wild this morn with being options expiration...I hope your right, got filled on the resistance area at 27, few points of heat before turning...COME ON 14s!!!

Mistake above on the 1225 weeklies. I meant to say will not short 1225 puts but instead look at 1210s. I got the 1210s today and carrying them into expiration (biting my nails).

Pullback to 1224-26 before next wave down to 1185-86. Plenty of support between here and there and options expiration tomorrow will probably keep market in check. Upside if we break 1224-26, 1236. At the end of the day who knows what will transpire just pointing out what I am seeing.

nicely done...i am looking for retracement up to 32 area to get short

Upside retracement target of 41.75 hit overnight. extension of 30 min wedge break down to 1211. Keep in mind daily wedge support around the 1226 level; if that breaks stops will be hit which could bring us down quickly to the 1211 target. Pointing out probabilities, nothing else. Based on...

that's what i did, 30 min time frame. i see what you are saying on daily time frame but it is different wedge compared to 30 min.

daily wedge, nice JD. if it hits top band tomorrow, 62.75, friday 60.75....hmmmmm, maybe i'll sell some 1225 weekly puts tomorrow if we get pullback into that number. i'm sure there is still some decent premium given higher vol.

we must be looking at it differently. here is what i am seeing. as soon as it broke lower band of wedge, selling accelerated. anything can happen given current vol...not making any predictions just pointing out what i am seeing. agree with your support at 26 just not sure about the 43-50...

When it looks that good usually means they are not good. Good luck to you. We broke wedge pattern that has been developing for a week now, fwiw.

Swing trading in this market is like playing russian roulette. Plenty of ops intraday. I struggled with this as well. Minimal size and taking what you can get overnight with limit orders is probably the only way to survive it. I feel your frustration, believe me. One day we will wake up...

Not doubting your system but show live results. Sim means squat.

JD, get a dual WAN router. Does the switch over automatically. Consider extra internet line as insurance. Cost of doing business. Dual WAN router cost $300. Extra internet line residential maybe $50 / month. Your talking 900 first year and 600 / yr following; not to mention piece of mind...

50k account. Assumptions? What is your leverage? What about slippage?

Fake versus real money. No matter what anyone says, there is a big diff between the two.

Week ending 11/11/11 -800 Boring week for pairs. ATRs contracted into the end of last week so I did not expect much production from them. I was still able to work some of my existing positions while reducing risk at the same time. Pairs can drift and consolidate quite a bit as...