In August after my kids are back in school I am going to start posting each trade along with a chart and money management rules. These trades will be in real time. I am going to have a 20k account set up for this exercise to show that it is possible to succeed trading index futures. I will be taking the rest of the summer off. I will start my new project on August 14th 2006.
Back to pre Fed levels. market gave back all the end of quarter tidy up gains. I bet the fed officials start hitting the news wires pretty soon as world tensions rise. The US has lost alot of credibility under this current administration. It seems when ever Bush set out to talk up the economy the market rejects it. If it was so great, he would not need to spin it.
We got a war escalating in the Middle East. Isreal is tearing the shite out of the Muslims. Oil is roofed. We will be under downside pressure all day. the Banks appear to be bottoming right here so we are getting near the morning turning point. But if banks take out and hold their lows ---we will decline into 11:00. Maybe even a trend day down.
For some strange reason when I get frustrated and vent my anger on this forum I seem to trade very well, weird. Thanks to all these folks who ridicule me and tell my I cant trade. You give me the enthusiasm to get going.