Hey folks, Too choppy for this trader. I'm guessing will see more of the same with FOMC mtg announcement on Wed. and economic news due out...
Excellent question! My plan is to scalp the first 1/2 at +10 and try to catch a trend with the second half. With 3 contracts, I would scalp 2...
Week 19 was very good overall. Friday's debacle cut into profits, but, I still earned 3.8% for the week. I was going to bump up my contracts...
Painful post today. I got greedy and arrogant thus promptly chopped up today. Once again, down in the am and up in the pm. Had the right...
Two trades today. One after the new housing report and another in the afternoon as I attempted to ride the afternoon wave. Simliar pattern to...
Ok, I hope everyone grabbed pts today. It was a nice setup for a short. Merrill Grinch's earnings bomb set the tone early and for those of you...
Price opened above the pivot and bounced off of R1. Also, a nice head and shoulders pattern developed. Although A/D and volume started high,...
Hey folks, No trades today. I felt like a deer caught in headlights. I saw mixed signals today thus chose to stand on the sidelines. In...
Good question. IMO, there are two types of traders--scalpers and trend followers. Scalpers make small gains using a system that produces high...
I use a discretionary exit for the 2nd half of the trade. My goal for the 2nd half is to "ride the wave" and try to catch 60-70% of any trend...
Week 18 Results attached. There are some questions about exit strategy posted. I will try to get to those during the Red Sox/Indians game :-)
Hey folks, No trading for the rest of the week with options expiration tomorrow. Be careful and be profitable!
Sounds good! Just keep in mind these are psychological areas of support and resistance. Thus, they are merely areas to pay attention to (ie...
PivotPoint PP = ( YestHigh + YestLow + YestClose ) / 3 Resistance Level 1 R1 = PP * 2 - YestLow Support Level 1 S1 = PP * 2 - YestHigh...
Crazy day today. Huge gap up and then a slow grind that eventually filled the gap. Now the market is rallying--Crazy! I tried to stay...
Two trades yesterday (10/16) for -13. Look like another trand down day. After the initial sell off, Mr. Market traded sideways. Oh well, it...
Trend down day today. (1) +10 (1) +64
Hey folks, I was out-of-town last week thus did not do any intraday trades. I posted results through week 17. BTW--I changed the method...
No trades today; Looks like everyone is waiting for tomorrow's employment situation report. Although it looks like gap traders made some decent...
Price opened below pivot and yesterday's low. All 4 mkts went red on open; A/D moved down immediately with A/D volume following it; Looks like...
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