SPX 1325 is a potential double top AND also 162% Fib projection off the major 1,2,3 of June - August swing. That is the big sell-stop magnet...
fwiw: today was rather easy to trade eminis... in the afternoon session Gap-open sessions can resolve their morning action in seemingly endless...
<i>But... when the trade signals are clear buys, trusting the charts and fading my nagging logic / emotions is usually where the trend truly...
After two days of chart action, it appears the Fed has not lost its cred with markets. Onward & upward they went... intraday buy signals on...
Steelhead, last two weeks of August tend to be just like this, before things slow right down from there (laugh) Basically, it's all about...
<i>"There is no fear in the present moment. Most of us come to trading to make money but discover we need to learn how to free our consciousness...
<i>Trading real money after just reading a book is like reading "Learn Judo in 7 days" then telling an enemy, "alright now, come at me with a...
riskarb, I'm not here to sell anyone anything. A quick check of my profile shows links to nowhere. I am here to fill some time while trades are...
I'm purely an intraday trader at this time. The only thing that matters to me is one signal, execute that and move onto the next. The only...
riskarb, from 9:30am thru this moment in time (11:25am) we've had buy signals only in the ES and ER. Where it goes from here is anyone's guess......
So far today I've seen nothing but buy signals in the ES - ER at each low dip. Could see sell signals emerge similar to yesterday, and would sell...
James, before you can project what the market believes per the Fed, you must first <b>patiently</b> wait to see how price action finishes today =...
I learned to trade thru an extended period of time starting before personal computers and the internet existed. That made my journey much longer...
Ripley, your points are well made after much careful thought, that is very apparent. From what I understand, your stance is that only a few...
It is an absolute fact that x-number of traders file professional status with the IRS. It is a fact that y-number of CTAs manage money...
I have no opinion of Kingfish to share. I will say that anyone trying to sell an intraday trading "system", i.e. trading approach with <i>defined...
Today's emini trading: #1: Markets were short-term oversold at Wednesday's close. #2: Overnight news of thwarted terrorism dropped ES & ER...
Coolweb, you are 100% right about the degree of challenge in emini trading. The volatile buzz (noise) compels too many traders to become scalpers,...
<i>a stop less then 7 ticks or so, will get stopped out even if you are right in the direction. They just love to run around your entry for...
If I may add personal experience(s) myself: As an OEX - SPX option trader from mid-1999 thru early 2002, days like 8/08 would have been pretty...
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