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~ES~ dropping like a lead balloon...YES!!!...5/5 tonite...
~ES~ Long = green
~NG~ Long = green
Crude Mini Long = green
Crude Big = green
~ES~ short = green
Doubled down on my Crude position...I really broke an allocation rule here...= (never put more than 10% capital in any one position)
I have 4 contracts long Crude-Mini...I just bought 1 contract of Crude (big)...two different positions technically...but...
...I really like crude today...I believe that Gadhafi is going to threaten to destroy Libya's Oil infrastructure sometime soon...just a hunch, but it should send Crude skyrocketing...
...I'd imagine that Gadhafi is pissed that we destroyed his airforce (LOL)...something is going to happen and I dont think its going to be me losing $$$...time will tell in short order...
...I really like this pattern that Crude is making,btw...looks like an inversed Head&Shoulders pattern...very weird especially since its developing close to recent highs...Big move coming IMHO...
Dam...my first trade and a mistake was made already...I scalped the short for $125 profit while trying to set up OCO order without canceling my initial stop..Now Im long 4 contracts @ 104.00..was trying to put the OCO at 103.00...(not that really expected it to drop that far, but I always like to have two stops live at all times)...I can rapidly adjust them directly from the chart...
...Its ok, I ultimately am looking to get long crude anyway, but I want to utilize these swings for MAX profit...
~S&P500~ Futures Data (Important)
Below are some charts that people have never seen before(because they are my personal charts constructed with TFF data)...To some it will not make much sense...for others it will provide some statistical data that you might find very useful...
...this is an opportunity for some to attempt to spot trends and divergences using 5 years worth of data...Hopefully some will find something of value within this post...
Many people have asked me in PM's how I am so accurate sometimes...I cannot explain years of compounded knowledge...but I am giving a big hint right now...
...you will not find these charts anywhere on the net...because I've never shared them before...good luck...
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I need to start setting my stops to = swing trade...dropping like a lead balloon now...
...stupid media...they swear they had this market figured out...what they fail to mention is the misuse of rule 48 on tuesday added to the G7 interference with USD/JPY yesterday...
...I'm in cash right now (except long Nat gas futures @ 4.105)...because the truth is nobody knows what the F is going to happen...they just threw technical analysis out the window...
...pisses me the Fck off...you figure this sht out in advance and are about to make a killing...then BOOM in comes the political interference...
...who knows what the unintended consequences will be...
...I made good money...but it should have been way more...
...I'm trading too much...have to slow down...
...got caught short twice today...LOL...
...GAS...the one contract thats been killing me all day...
stopped out twice already...its right @ the 78.6 retracement level...if I cant get it to break now...its probably not going to happen...had me down over 5k... ...watch what happens from here... ...this a good lesson on the 78.6fib retracement...(its the strongest~and most people dont even use it)
...I'll post the sell when the time comes...
1276.25 short...I got a little cushion...
...waiting patiently to short ~ES~...LOL...this markets trading like its got big legs right now...almost want to long here...
yep...stopped out...If I would've got a better fill, I would have stuck with it a little longer...meanwhile Nat Gas is on Fire...
Nat Gas...stopped on a swing...looking to re-enter if I can get a decent retracement...Im not trying to make a killing...just in for few bucks at a time...little moves like this 5 or six times a day is dam good money...my trading method never tolerates wild swings and I never risk more than 3% of portfolio in any one trade...
Was bound to happen! U DID Good! I'm mainly still playing VIX and VXX in Aprils now
thanks...I've been up all night waiting on corn to break...finally did...
NICE Trading! It ALL adds UP big or Small
I gotta be the Daytrader of the day...31 fills..ONE Lo$$..
check this $HT OUT...My most powerful performance ever...Didnt make a lot of money...but never had this many successful trades in one day...
YAAAAAAAAAAAAHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!
...LOL...make more money yesterday with 3 positions in 5 minutes...but this was fun...Corn & gasoline the biggest winners...ES was up until last minute dump...I just kept trading the same $hit over & over...
Long Corn ~/ZC~ 3 car$ @ 636.00...just broke out of a miniature cup/handle on the hourly...I got an OCO order @650 (23.6 fib retracement...other side,stop placed at 638...worse case scenario, I make $300...
those OCO orders is the way I go...going to bed now...
...hopefully the OCO will get top-stopped by morning...
...dont be hard on self...the stock was measured & weighed and in the end, it was found wanting...you had good reason(s) to side with optimism...
...pessimism had deeper pockets...
...what happens next will have little to do with the chart...it is all event driven now...to speculate at this point would only add insult to injury...
...I wish to see the deserved outcome for all the work put in...I stood down because I seen hope was getting too friendly...too close... when hope moves in...I move out...
...dont be hard on self...
CCME: Odds of possible 100% Fib retrace from 52 week high?
I say odds are 50% assuming stakeholders initiate damage control.
A lot can happen in the next 30 days until restatement.
I don't want to put you on the spot if you withhold opinion.
I am in complete detachment and acceptance of loss as I have been in this investment situation many times where the rug has been yanked out from under my expectations. Out of all the chaotic situations there came order and redemption where nothing was really never lost except materially diminished somewhat. It is quite easy to walk away and tear up my personal contract with CCME and come terms with acceptance and loss. My intuition is saying otherwise. The committed stakeholders in my opinion will make an attempted salvage operation. CAME had a lot going for it before the auditor washed it's hands of connecting PRC business practice with US accounting rules.
...these three positions (currently losing on all three) should perform fairly well tomorrow...the futures don't look so good...
...I don't think many people bought this particular dip...if they did, they should really re-analyze strategy...
...these three positions reflect the only true certain trades out there... ...FEAR... ...this is how to trade fear...with no fear...
~S&P500~ chart analysis w/Current COT Report
As you can see, we are bouncing off of a very important long term mid-pitchfork line...(it can also be seen on a few other weekly charts using different forks)...while simultaneously, are at the exact resistance level (top fork-line) of an even greater,longer term Pitchfork...
...when (if) this line breaks, Watch Out...
...you get a really good snapshot of whats really going on here with the S&P500 {COT Report}...basically, the little guys (Retail Traders) are loading up on this Dip...
...but the big boys (Asset Managers,Hedge Funds) are reducing their positions quietly...and they've been doing so for the last several weeks...
...this is the kind of market situation where fortunes are made...and lost...
...I havent been posting a lot because it takes a lot of concentration to play these swings properly...be careful out there my friends...everything is not exactly what it seems...
...Im going to be a little busy for awhile...(Im working on some Commodities related work)...This is an easy market to play right now anyway...Just SELL SELL SELL...LOL...
...If anyone gets a chance to check out the latest COT Reports (Commitment of Traders Report)...you might want to buy some some ~VXX~...seriously...
..heres a link that once you understand how to interpret its data...you'll thank me for the rest of your life...
...Click Here to achieve Financial Greatness...
...trade well my friends...
How to use EXCEL to better your Trading...
...this is how I set mine up...
...Remember, all the Great Traders keep track of their Trade History...
...It makes you a much better Trader...To be a serious trader, one must keep track of their trades to learn from their mistakes...you dont learn much from winning...but you learn a hell of a lot from losing...
...thanks guys...
tooting my own horn here a bit...= not my style, but fun when the calls are going good...Ive had my share of crap calls as well...LOL... ...Im going to keep trying to give this board some good ones...
Still watching from the sidelines but you've had some spot on trades so far and I'm looking forward to more. Keep it up, the board marks will come:)
i'm always watching,,,;)
not that you already don't know that,,,;)
plz keep up all the great work bro
ty
Im still watching this trade 6979. Couldv'e entered cheaper on the pullback, but would like to see a confirmation of a breakout before entry.
"...there are three things that really make an excellent Trader... Self-Control ...Peripheral Vision ... & Depth Perception ..." ~6979~}{ 2-22-11
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