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<i>"Seems to me, if Gentle Ben is going to cut before the Jan meeting, he will do so tomorrow am before the 9:30 open."</i> If they cut unannounced, it will be deep in the trough. I would imagine there are scenarios in place right now for such action. If the markets manage to bounce on their...

<i>"In my opinion, no real trader would find any joy in this guy's blowup."</i> His was a lesson most traders experience and learn from, but most don't survive it mentally & emotionally. Two years of confidence blown away in mere hours' time. False confidence? Sure. Top fishing, Bottom...

<i>"Throwing money at the problem with do nothing."</i> That's an absolute fact, but it sure won't stop the Fed from plying their failed approach. Don't be surprised if they cut 50-basis before 2pm est on Tuesday... could be anytime past the opening bell during cash session as they did in Jan...

<i>"I think its best to scalp with the trend rather then build a position, generally adds past the 3th will come back and stop you causing frustration and wasted effort. With the ES on a trend day get your 2--4 points, get out and get back in on a pull back then scalp again etc."</i> At...

"Averaging up" or pyramiding is something I've done for a long time, with mixed results. I agree with both sides of the discussion here. When price action is directional, aka we're trading trend moves, pyramiding is an excellent way to add leverage without risking too much base capital. Once...

<i>"You mean all the doomsday depression scenarios in the media and interviews with perma bears calling for a multi-year bear market"</i> No, I mean the, "Let's hurry up and get this trivial selloff nuisance over with, so markets can return to new all-time highs. My 401k and IRA are suffering...

<i>"my last questions in the last post are not about a specific broker, mirus or any other.. they are about the details of the process of opening an account with a broker, since i didn't do it before i would like some advice form other experienced traders. thanks"</i> You seem to have an...

<i>"Well said austin sounds like a man who have ben around the block a couple times."</i> Everything written here and elsewhere in the media looks like it was copy/paste from 2000 ~ 2001. I don't mean a slight resemblence... it is practically verbatim. I watched literally 1,000s of raging...

<i>"Nothing will make you happy? Rate cuts, economic stimulus? At least consider our Government gives a damn! They are stepping in and steering you in the right direction. If you were in Sudan or Sri Lanka you would be eating with bullocks face down from earth.."</i> Make me happy? What does...

<i>"I agree with your general sentiments, but I think the rallies may be more contained now than they were in 2001."</i> Times are different, no question. I tend to think that increased computerization = black box proliferation may accentuate the squeezes. From what I see, most of the...

<i>"Those massive short squeeze rips in 2001 and 2002 were incredible."</i> Oh, we're pretty close to the first one of 2008 now. Could be tomorrow, especially if they plunge sharply before 1pm est. The earlier and more violent the selloff, the bigger it will rebound. Gotta watch that 2pm ~...

On a short-term basis, the market is setting up for a monster rally event. If it ignites intraday, don't be surprised if they ramp +50pts ES (or more) in violent fashion. Late July 2002 was a 70ish point intraday ramp from low to high. We'll probably see at least one of those this year as big or...

<i>"All my systems are doing are racking up a massive commission bill."</i> I managed to log +17pts ES after sitting out all of the action between 10:30am ~ 2:00pm est, and past 3:15pm est Inside those zones I sat out were some monumental swings. I'm dialed down to a 250-tick chart these...

<i>"my question is, for those are with mirus and those who are not (traders have knowledge of brokers and their status in the nfa... should this concern you?"</i> Thank you for clarifying your individual status as a trader. The initial post left lots to be interpreted, which directly affects...

<i>"I was beginning to think I was the only one who noticed! Pick an emotive, controversial subject, trawl the forums, collect bucks! It's a great business plan and it seems to be working"</i> Heck, that's the basic human behavior premise which drives ET website itself. How many times...

<i>"Wow..what a positive message to the newb...sheesh"</i> Sometimes we see things in life that are incongruous. For example, a brand-new trader is usually fixated on how to trade. Getting thru the learning curve of entry points, trade management = money management and mental - emotional...

<i>"since i am completely new to trading, i am thrilled to have found this forum to help beginners like me.. "</i> If you are completely new to trading in general and one post in here specifically, we assume you'll be paper-trading for quite some time. If so, you're getting started the...

<i>"Futures trading is a delusional fantasy, wrapped in schizophrenic megalomania, and propelled by a mixture of self-deception and public drunkenness using funhouse mirrors as your compass. Most of those who are successful in the short run, trip over luck and mild-mannered market...

<i>"I've been thinking that about the art world for years. Someday someone is going to wake up and say---its a FREAKING picture. But they keep going up in value. Look at Rothko, basically 2 or 3 huge blotches of color and they go for millions."</i> Every time I see one of the recent works go...

<i>"isnt 2 points a very narrow range for the stop loss-- seems like you would get stopped out alot I have been toying with a 5 point stop threshold..."</i> Our stops must be relative to our profit objectives. If trading a 10min to 60min chart seeking +10pt or greater profit trades, a -5pt...