getting ready to go long again if it snaps back, now target is bottom of opening range, or 1286. Still +7pts on day.
Stopped out at trendline breah at 1248.00
The LOD appears to be in with a somewhat akward upside down shoulder - head - shoulder formation in. It should go above teh HOD and probe beyond...
stop is the trend line form the LOD to the bottom of the last drop at 1283.
the stop out at 1284 appears to have been a fake out (which worked on me - lousy trader that I am...) and not another test of the lows. Trade...
Stopped out at 84, +7 pts on the day. Next entry would be short on a break BELOW 79 (fat chance) or long on another bounce off of 81. My system...
Trade two target of 1285 is now reached. Closed on half for +6 pts on closed possitions, the rest I'll let ride till 91 or maybe till 1325. Stop...
stop is now 1283.5 on all possitions
Well, it didn't bounce there (yet?), it appears to be in the controll of very long time frame buyers still and making a new short term trend line...
stop is now at Break Even (BE) this could do a bouble bounce or make a head and shoulders pattern off the bottm here. If we get stopped out at BE,...
long at 1282 now working well. This is one you could ride all the way back up to 1325 if ya wanted to take three weeks. Once we get back to...
Getting out at 82 and going long at 82 with a 1 pt stop and target of 85. The reasoniong here is that the trend of the day is over based on...
Stop on second half is now 1282 (top of last congestion area) if it breaks this area, look for a Low Of Day (LOD) to be established as 1280 was...
Given the congestion (as defined in Auction market Theory) that exists at teh 79 level, I would exit the rest of this particular trade at 1280...
And here we are at +5pts SPX (SPDR in a 25K cash account, ES in a 5K futures account) as of 9:48 MST. Ka-CHING! Using futures, and taking half of...
As of 9:36 MST, the trade is +3pts and setting target of 1281 for 5pts profit, stop is now at 1285 using the trend line
The stop on almost all trades is the High of the day rounded up to the nearest half point. as of 9:26 MST the trade is working well at +1pt....
Based on confirmed opening range trends, pivot points, and trend line break outs / break downs ... My first call after 3 weeks of paper trading is...
Intrest rates are going to go to 10-14% IMO. Why? Its simple. If we had gone to deflation, a few ultra rich would have owned all the debt, and...
deanm runs a good room. Personally, I've been in ones where you can't even voice an opinion without being bounced out. I have been in Deans room...
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