Well it was a bad day. The thing that annoys me is that I did not follow my own plan. I traded my opinion than what my plan told me to do. For...
Stopped moved to 1210.75. The indexes are taking a beating. Love it so far.......
I do not think we'll see a bottom till the second week of September. We might see some type of rally here if oil moves down but there will be...
Covered one position at 1214 last night. That is a profit of 11pts. Not bad. Still short one more contract from 1225.25.
What a beautiful day to be short here. I added another short position at 1225. When the market rallied (from 1216 to 1225) I thought that I might...
I am trading price action and would consider myself to be a momentum trader. I do not how to define trend. If we look at a long term chart the...
I hold overnight. Please see the attached link if you need more info. http://www.elitetrader.com/vb/showthread.php?threadid=53470
Tuesday's Recap: The market was down for the day although it managed to rally a bit during lunch hour. 1225 seems like a resistance for now....
Monday's Rcap: Still short here with a stop at 1238.75. I am considering moving my stop to 1233. I guess I will wait one more day and see...
Macro Overview: I do not see any type of significant pullback (ie. 3+ up-days in a row) till early next month. Going forward we might see 2...
Thursday and Friday's Recap: Nothing really happened. S&P was up and down but closed pretty much where it opened. Monday's plan: If...
Wednesday's Recap It looked like the bulls are running out of gas here. S&P tried to move up but ended up closing where it opened. I see...
Monday & Tuesday's Recap: On Friday I was mad at myself for covering my positions at 1235 when the market went down to 1230 in few minutes...
Sorry, could not reply sooner. To answer your first question I haven't had to sit out any months this year. This does not mean that I made money...
Firday's Recap As you know I closed my short positions on Thursday. I was still bearish but the mini rallys kinda got to me. The reason I...
The reason for still being short. In the last few days I have wandered if being short here is the right thing to do. I think so. Here is my...
Thursday's Recap: This is a sick market especially if you're short. I was short two positions and there was a midnight rally that extended for...
I would like to call myself a price action trader. It is hard to tell how far the market will move up or down. If I put on a position, I'll stay...
During the day I have my stop to protect me. I look at the daily price action but execute at the close of or after the market is closed. That is...
Wow this is amazing. The high after hours is 1237. This is simply amazing since yesterday was a big down day. I'll seroiusly look into buying...
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