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tantal

03/03/04 9:04 PM

#213116 RE: Velociraptor_ #213111

You got it.

I'm not here to make enemies either. Hope I didn't slip up with you.


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Train Guy

03/03/04 9:45 PM

#213124 RE: Velociraptor_ #213111

Nice trading. What are using for indicators? You sat in the first trade for over an hour. I start getting worried when that happens. I saw that wedge setting up right before 1pm, but wasn't sure which way it was going to break. I'm still fairly new at trading the ES and it only occurred to me I should have just put buy stops above and below it that would have taken me long or short when it broke. You bailed a little soon, but with 3.25 points, who could blame you. And looking at the next trade, I guess you thought 1150 on the cash was going to hold us. It actually became support later in the day.

Then you tried chasing it to get short. Good thing you didn't in. They tried jamming us at 2pm, but they couldn't get the stocks to move. Do you watch the key stocks to see what they are doing? Then you tried boxing it to get you long or short. We traded in a tight range since it took 15 mins. for one of them to finally hit. Patience paid off only to have you sell a little soon. But you did get back in for one more ride back up. 80+ points. Very nice.

I'm slowly working my way up to consistently getting 20 points a day. If I can do that, I'll be more than happy. I'm limiting myself to 2 contracts at a time, unless I get a hot hand and then I'll put on 2 more. I try and get at least .75 points a trade, but will settle for .5. Trying to keep it simple while I'm learning. Will up the number of contracts as I get better. You were getting 1.25-1.75, plus one in the 2's and one in the 3's. And looking through my trades today, you were getting better entries. And I was having trouble reading the market at times. Suggestions.
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federal reserves

03/03/04 9:50 PM

#213127 RE: Velociraptor_ #213111

MR. VELO.

Your prediction is interesting, you mentioned a high target in March after expiry, yet again you mention a breaking point not to far from today's close. I would like to know if your DOW low breaks in the next week what is your low target alternative in March?

In my mind if we break 10,550, then 10,400, its an immediate drop below 10 and then a crash scenario down to the old lows around 7500. I think this could develop quickly.