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BR
BruceM
Rep: 216,211
Posts: 19,895
gonna kick it off with trying to answer a few questions from Tuesday trades....
No video below? Try this link: lesson_trade.swf








and here is "M" pattern from today...trade it at your own risk like all of this stuff
No video below? Try this link: M_pattern.swf








key numbers for Wednesday Overnight and Thursday....employment report at 8;30 EST

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NE
NewKid
Rep: 16,470
Posts: 1,915
bad trade execution hurt me today and i also made an error in reading the market. i hit my uncle point so i am going to sit out the rest of the day to keep my emotions in check.
AL
Aladdin
Rep: 2,830
Posts: 270
They maybe want to go and test that prominent POC 2046.75 from 12/11.
NE
NewKid
Rep: 16,470
Posts: 1,915
i agree Aladdin. i was considering whether to flip my short and use that as a target but like i said earlier, i am a little gun shy so i will sit out.
BR
BruceM
Rep: 216,211
Posts: 19,895
they are trying to leave singles at 30 minute high so 40 and 42.50 shorts need to keep that as a target and potential retest area....I wouldn't want 2 c 43.75...that will be my uncle point assuming I can find something to short
BR
BruceM
Rep: 216,211
Posts: 19,895
taking small sells at 40.25 on the way back down...will try small and use new highs as stops on these trades
AL
Aladdin
Rep: 2,830
Posts: 270
It is wise not letting emotions cloud your judgement, NewKid.
BR
BruceM
Rep: 216,211
Posts: 19,895
coming out heavy at breakout point..if lucky I will get one contract to run down to buying tail edge at 35.75 ...another one of our lines today
NE
NewKid
Rep: 16,470
Posts: 1,915
it plainly sucks to lose money but i am still paying tuition for the trading college and I will be damned if I forget this lesson. they got me today but i will get them back soon enough
BR
BruceM
Rep: 216,211
Posts: 19,895
lvn at 35.50 !
AL
Aladdin
Rep: 2,830
Posts: 270
Like right now I'm sort of trading against Bruce...pretty scary, if I think about it.
BR
BruceM
Rep: 216,211
Posts: 19,895
no..I never trade at this time...never do after market trading but will sometimes take trades around 9 a.m EST...but even then it would be small
Originally posted by NewKid

Bruce, are you trading for those greenies?