IncreaseNow's "Sell/Short" Futures Journal

Jesus Christ I feel like an asshole highschool teacher or something posting in this thread.

But cmon Incy, BANG! Make something happen. You've been posting, ad infinitum, on this board for over a year longer than me. If you really want to be a trader buckle down. If not thats fine, just position trade Jim Cramer picks or something, hey maybe it'll work out *shrug*
 
I hate to be a jerk but something about increasenow just doesn't seem real... almost like a paid poster or something. I am likely wrong but something just doesn't seem right.
 
increase,

Don't try to copy John Carter's setups. Its a nice book. I have it and it could help you thing about stuff and generate some trade setup ideas. However DON'T use Carter's setups. Sim them if you really like them but personally I don't think they are as great as he makes them out to look.
 
Incnow, when you settle on a contract to trade and start analyzing and actually learn the crowd psychology behind good technical analysis, you will often enter your most profitable trades by way of a stop order. Buy stops to go long and sell stops to go short when a critical price level is hit places you in the direction of the momentum and everyone else chasing the trade just pushes your profit along.

You have to understand price action though. Keep reviewing the stuff spd posted, it's golden.

Let's say you see a possible short setting up, such as the soybean trade spd posted. You want to go short if the low of the previous bar is breached because you already notice a lower high beneath a falling moving average and there's only been one good push down, so you expect 1 or 2 more good pushes down. The little bounce was weak and so you place a sell stop order 1 or 2 ticks below the low of the previous down bar and voila! you're in a short trade in the direction of the move.

These are some of the easiest trades I make each day.
 
That's a BIG 'if' at this rate.

:)

Quote from NoDoji:

Incnow, when you settle on a contract to trade.......
More...

Ok, Inow, time to 'man up' and settle on one single contract. No more excuses 'i'm heading that way' or 'yes, exactly, that's what I need to do'. Time to sh*t or get off the pot. You've waffled for far too long.

:D
 
got ONE contract on my radar currently: mini-Gold

First trade today...

+.60 mini-Gold points

reason for trade? sell-off into RTH and towards previous days close level
 
Nice!

:)

Quote from increasenow:

got ONE contract on my radar currently: mini-Gold

First trade today...

+.60 mini-Gold points

reason for trade? sell-off into RTH and towards previous days close level
More...
 
Quote from NoDoji:

so you place a sell stop order 1 or 2 ticks below the low of the previous down bar and voila! you're in a short trade in the direction of the move
More...
why not a sell limit order?
 
Quote from increasenow:

why not a sell limit order?
More...

you use a Stop because you want to sell only IF the market gets that low.

If you enter a sell Limit, you would be filled at the market price since the market is a better (higher) price. A Limit order means 'at this price or better'. So a Sell limit below the market would get filled right away at the market, again...because the market is already a better price than the price specified.
 
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