T-REX Journal
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If you are following along with us today you will want to move your stop to lock in profit. I have moved stop-loss from overnight trade to lock in profit. You may trail last nights trade but remember not to confuse yesterday's entry with today's exits on short term plays today. hopefully your firm does "LIFO" orders or you will find yourself kicked out of today's price action.
You may need to page back one to get the full FORECAST on today's NQ.
You may need to page back one to get the full FORECAST on today's NQ.
Unless you've been asleep at the wheel you just missed the biggest opportunity of the year to take profit. If you are one of the lucky ones who actually read the FORECAST and take the RECO's seriously then you are out of the longs! However, if you are still in this trade long I FEEL VERY SORRY 4 U.
Next time pay close attention. I've been warning now for the past couple days that the end was near and to pay close attention because it could be any day now. Well today may be it!
-or-
maybe not.
Next time pay close attention. I've been warning now for the past couple days that the end was near and to pay close attention because it could be any day now. Well today may be it!
-or-
maybe not.
FLAT THE NQ.
Trailing Stop-Loss triggered @ 1415.00 today.
L 1386.50 Hold over from last night.
C 1415.00 +29.00 pt profit!!!
If anyone else profited from Today's FORECAST and/or yesterday's FORECAST please post your results here.
For those of you who missed out.....better luck next time.
....and for the HATERS!
Trailing Stop-Loss triggered @ 1415.00 today.
L 1386.50 Hold over from last night.
C 1415.00 +29.00 pt profit!!!
If anyone else profited from Today's FORECAST and/or yesterday's FORECAST please post your results here.
For those of you who missed out.....better luck next time.
....and for the HATERS!
The "2 bar charlie" system:
Tools.
Use the 60min chart to find current intra-day trend.
use the 5min chart to time entry point.
Use a 40-bar MA.
Rules.
When the 5 min bar crosses above the 40-bar MA = buy.
When the 5 min bar crosses below the 40-bar MA = sell.
Filters.
Wait for the low of the 5 min bar to close above the 40-bar MA = buy.
Wait for the high of the 5 min bar to close below the 40-bar MA = sell.
This intra-day system is highly profitable. This is what I used back when I was a Futures broker. I traded clients with it just fine.
This System will save you both time & effort!
However, if you are low on both time & effort then you can trade like a "JACKASS".
__________________________________________________
Contrarian View point - "The JACKASS" Market Timing System
Many traders have become clearly discouraged by the recent run up in the market which has caused thier market timing models to fail. They have relentlessly been shorting this market since last October and still not convienced that they are WRONG!
Technical Analysis: Even the "VIX" is behaving in an uncommon fashion. The long time running correlation of the US Dollar index to the Stock market relationship has also not been spared. So where does a trader turn?
However, If you are Hellbent on seeing a "COLLAPSE" in the market and are still convenced that the sky is falling and want to short heavily without losing ALL of your risk capital this is the Market Timing System for YOU!
LEARN TO TRADE LIKE A JACKASS!!!
System:
First, wait for the market to reach the point in which you believe it can not or will not go any higher.....why? because YOU say so!
2. Next, Short at this price level.
3. Next, Buy a "DEEEEEEEEEEEP" in the money Call Option (Preferrably one at least 2-3 strike prices away from the current market) Example: ES is @ 1044. you buy the 990 Call ESH4.
4. Next, place your Call Option Buy order @ "market price".
5. Ignore the laughter on the other side of the phone from your brokers office. NOTE: He will laugh out loud and so will the guys in the Options Pit ......you will be the "ASS" of the day as the broker thanks you rhetorically for making them money on the severely inflated Option premium price. (You have now successfully executed like a true "JACKASS").
6. Finally, Hold on until your forced to exercise your Call Option and/or your firm forces you to liquidate the position because the cash value of your account is deficit.
NOTE: Believe it or not? Although this is intended to be "FUNNY" and entertaining this is actually a VALID method of trading and if done correctly will actually make money- ALOT OF MONEY!!
Even if your wrong on the market direction you can still unwind the position at a PROFIT instead of a loss!!- now go figure.
Tools.
Use the 60min chart to find current intra-day trend.
use the 5min chart to time entry point.
Use a 40-bar MA.
Rules.
When the 5 min bar crosses above the 40-bar MA = buy.
When the 5 min bar crosses below the 40-bar MA = sell.
Filters.
Wait for the low of the 5 min bar to close above the 40-bar MA = buy.
Wait for the high of the 5 min bar to close below the 40-bar MA = sell.
This intra-day system is highly profitable. This is what I used back when I was a Futures broker. I traded clients with it just fine.
This System will save you both time & effort!
However, if you are low on both time & effort then you can trade like a "JACKASS".
__________________________________________________
Contrarian View point - "The JACKASS" Market Timing System
Many traders have become clearly discouraged by the recent run up in the market which has caused thier market timing models to fail. They have relentlessly been shorting this market since last October and still not convienced that they are WRONG!
Technical Analysis: Even the "VIX" is behaving in an uncommon fashion. The long time running correlation of the US Dollar index to the Stock market relationship has also not been spared. So where does a trader turn?
However, If you are Hellbent on seeing a "COLLAPSE" in the market and are still convenced that the sky is falling and want to short heavily without losing ALL of your risk capital this is the Market Timing System for YOU!
LEARN TO TRADE LIKE A JACKASS!!!
System:
First, wait for the market to reach the point in which you believe it can not or will not go any higher.....why? because YOU say so!
2. Next, Short at this price level.
3. Next, Buy a "DEEEEEEEEEEEP" in the money Call Option (Preferrably one at least 2-3 strike prices away from the current market) Example: ES is @ 1044. you buy the 990 Call ESH4.
4. Next, place your Call Option Buy order @ "market price".
5. Ignore the laughter on the other side of the phone from your brokers office. NOTE: He will laugh out loud and so will the guys in the Options Pit ......you will be the "ASS" of the day as the broker thanks you rhetorically for making them money on the severely inflated Option premium price. (You have now successfully executed like a true "JACKASS").
6. Finally, Hold on until your forced to exercise your Call Option and/or your firm forces you to liquidate the position because the cash value of your account is deficit.
NOTE: Believe it or not? Although this is intended to be "FUNNY" and entertaining this is actually a VALID method of trading and if done correctly will actually make money- ALOT OF MONEY!!
Even if your wrong on the market direction you can still unwind the position at a PROFIT instead of a loss!!- now go figure.
GAWD D*M
How can I open an account ??????
How can I open an account ??????
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