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I knew to play the long breakout because the condition presented itself, there was no mention of short until 1050 was poked.

Here's the deal, price and volume are dynamic, you have to have the if, then, else waiting there to be executed and the elsifs will happen on occasion.

Come to me my blue minions.

This is where they pull in the sheep.

Think poker here, who's holding what? Why the hell would I short now? I saw and caught the breakout, my sell stop is in, but why short now?

I know to be careful around 48, maybe take my 4pts on the breakout and short here.

best way to stay in/ride a trend = channel

it was a breakout (if), now the then (buy pullback), and the else (sell stop into new downtrend.) The else has not occurred yet.

watch out for the breakout long.

Target 750. Finished technical and macro reasons. Maybe a little more upside, but folks should start positioning themselves short.

Short it.

no, for stocks I use both intrinsic values and technicals.

placing buy stops and sell stops is where 50% of the day trading money is made.

Yesterday, I was reading fb123's posts. Listen to what he is saying about the range and trend and the poker thinking. The easiest money is playing the breakouts. If you figure out why those big breakout bars occur, you are set. Study the conditions that are present before the breakouts...

target is actually 950-925, once past there I start playing where it should not go to (880). I don't expect s&p to get above 1065, if it does I have to start adjusting the play. It could be a false breakout or a continuation. I have the if, then, else all planned out, sometimes they throw in...

Might as well throw in a bonds short.

Dollar long setting up, building a double bottom, S&P and October, 880 is the stop.

10-02-09 11:46 AM Double bottom being built. Have a plan. If then else. Long target 1048. From 1050 - 1077, shorts are in play.

FB123 hit it on the money. trend to range, vice versa. if, then, else and sometimes an elseif. think overlapping straddles. net profit is all you care about.

some big sluggers pushing it there.