cfrn

YIKES! It's the middle of the night and THEY just ran the market to 1169.00 Remember, I was in on an MIT order at 1165.25. The market moved 2 points in my favor and I chose to move my Stop to break even plus 1 tick to create a FREE TRADE and COVER THE COMMISSION. THEY ran my stop as I previously posted :cinema: and now THEY just ran 'em up to 1169.00 OMG. I could have had 3.75 points on that trade in the middle of the night before Thanksgiving. If I had not moved my stop to break even I would A) Have booked 3.75 points B) Still be in the trade My point in all this rambling is simply that it's between me and the market. I made a decision to get in, I made a decision to move my stop to create a FREE TRADE and now I own the results. It was all up to me. The entry, the exit, the stop, all up to me. No GS Lackey can ever make me enter the market. They can never make me exit the market. They can never move my stop or my target. Only I can do that. Trading's not easy - but it can be simple!

Since the owner of Trader's Laboratory had been so kind to us, as a small token of my appreciation, I will share the following mp3 that has previously only been available to CFRN Partners. This should be listened to during your quiet time before the session begins - PRE-TRADING MEDITATION As you listen to this 7 minute recording before you begin trading, visualize in your mind what your "Your Trade" looks like. If that seems difficult, you can also create screenshots of "Your Trade" and turn them into a slide show. The key is to relax and allow the binaural effect of the sounds stimulate both the left and right side of your brain before trading. You need to wear stereo headphones. If you don't hear the sound move from ear to ear, adjust your audio settings. The goal is to enter the trading session relaxed. If there is a knot in your stomach or doubt in your heart... stay away from the mouse. The goal of this pre-trading meditation is to place you "In the Zone". When you are alert yet calm, relaxed yet ready, not looking for the trade but allowing the trade to find you... that Is The Zone. Love It - Live It - Trade It! This is no overnight sensation. It simply becomes a part of your daily routine. As we all know the markets can be up one minute and down the next. The only constant factor in the equation is you. If you can embrace and accept this fact, making it an anchor in the core of your belief system about trading, you now have the ability to own whatever market you trade. HAPPY THANKSGIVING!

Avery, Thanks again for being on the show way back in 2006/2007. All your concepts revolve around one thing. You've generously created many indicators in an attempt to graphically display that one thing because different people learn in different ways. If it could simply be explained I believe we both would have done so long ago. You have to "see it" to believe it. You have to "believe it" to own it. You have to "own it" to profit from it. Honestly....... it took a couple of years for it to reveal itself but now I can apply it to literally any market or any time frame. Thank you. I don't use the indicators but I do use the "thing" every single trade and I am forever indebted to you and would love to have you back on the program again. Happy Thanksgiving My Friend!

Who doesn't love a good conspiracy theory? I sure do. I interviewed Aaron Russo shortly before his death so I'm fairly well versed on one of the biggest "Theories" out there. I liked Aaron. I also like cartoons. This one is so powerful it makes my eyes water - It's all about the Goldman Sachs and I'm sure most of you have already seen it. If you haven't please do, if it's already been posted please accept my apology as I'm too old to slog through the entire thread. So what's my point? When I hear things like "The Big Boys - The Smart Money - They ran my stops - ad naseum (ads by pepto) my blood boils. If you're talking equities, in particular small or micro caps - Amen Brother! That's why I stopped trading them. I still invest in them but I don't trade them. So what's my point? I trade Emini Futures. FIFO - First in / First out. GS has no clout in my market. That's why I moved here. No one has clout. Period. The 1 contract trader has just as much power as the 1k contract trader or the 10k contract trader. Stop blaming "them" for your trades. If I buy 1165.00 on the ES Globex session as I'm typing, (I think I will) no Professional Trader has the power or desire to hurt me. I just got filled at 1165.25 MIT. If I decide to to take my trade off after 3 ticks or 3 points, how does the Professional mess with that? If I let it run to the Globex high and move my stop to plus 1 tick how does the Professional thwart me, manipulate me, or <insert french> screw me? The problem is people who insist on blaming someone else for their own bone headed mistakes. I'm now up 2 ticks on the trade. There's 100 contracts on the Bid and 61 on the Ask. It's changing every second. I could get out right now with 2 ticks pocket a grand and ......oh wait...... the Professional must be in the Hamptons because now I have 5 ticks profit with 71 contracts on the Ask. If I sell 50 that's $4k in 5 minutes. Obviously the Professional has left the table right? Here's the rub - where "THEY" get in or get out / and where "YOU" get in or out has zero bearing on the thousand's of players at the table. Go look at time and sales. Look at how many 1 lot orders go through. When a big lot goes through does it move the market? Rarely. If you really believe the conspiracy theory exists in the cleanest market in the world (besides Trader Joe's) how does 1K contracts move the market? On Globex and on thin volume. Somebody got lucky. Period. One more paragraph and the goblet runneth dry. I just moved my stop to break even plus 1 tick. I now have FREE TRADE like Starbucks and TJ. Well not exactly the same but you get my point. Right? If you believe the "run the stop" conspiracy you can take or be taken. I know all the arguments all too well. We discuss them on the radio program almost daily. Look at Warren Buffet. I didn't say bow down just look... He boldly bought Silver at $7 an ounce and it promptly tanked to $4 as I recall. Big guy, big order, market tanked. Huh? Think about it. If the SAGE OF OMAHA can't move the market, who can? Did he still make a boatload of money on the trade? (rhetorical) Crap, I had 2 points in that trade and some dang Professional logged in from the Cape and ran my stop at plus 1 tick. $#@!!! I thought I was safe. I thought they were all sleeping. I thought I had a shot.......... I guess you're right. Retailers have no shot. Black Friday to you all! =)

There were a lot of ways to Sell '72 this is just one of them. Direction + Momentum + Trend + Cycle + Price Action = Decent Trade

Today we talked about gratitude and David did a political rant. We also covered the markets. Gratitude is expressing thanks for gifts we have received. According to Merriam Webster's Online Dictionary, the word gratitude comes from the Latin words: gratia meaning favor, charm, and thanks, and gratus meaning pleasing and grateful. These Latin words are similar to the Sanskrit word gmati meaning he praises. Gratitude is a basic human emotion. It is expressed in some way by all ancient and modern cultures. According to Dr. Robert Emmons, a leading gratitude researcher and author of the book thanks!, the idea of receiving a gift is central to the concept of gratitude. While merely appreciating something for its positive qualities does have a positive impact on our lives and emotions, gratitude takes then next step beyond. Gratitude happens when we go beyond just appreciating something to acknowledging that we have received a gift that we did nothing to earn or deserve. On some level, the warm emotional rush we feel when we really feel gratitude is very like the glow we feel from realizing we are unconditionally loved. The feeling of Gratitude is like living in a state of grace. One definition of Grace, ( Merriam Webster’s Online Dictionary is unmerited divine assistance given humans for their resurrection and regeneration. In short, grace is our response to feeling loved unconditionally by God. When we practice an attitude of gratitude we are practicing feeling loved. The Power of Gratitude New research shows that practicing gratitude may be the fastest single pathway to happiness, health, long life, and prosperity. My goal is to practice it till I perfect it. Like the old butcher... but that's another story. Turkey Rally? Really? Happy Thanksgiving to ALL! Podcast for Wednesday 11/23/11

So how's that working for you? You know what I mean... That story you hand the guy in the mirror every morning. What happens when he stops buying it? Sports car? Girl friend? Toupe'? Hairpin turn? Cliff dive? Even if it puts you out of your misery for more than a moment does it really solve anything? Wouldn't it be nice to live just one day bathed in truth? Nobody's junk in your trunk? No half baked, spoon fed, shallow garbage renting space in your head? Darn right it would be nice. So nice in fact, why settle for just one day? Why not pull the plug right now and watch every falsehood you were ever told about trading and life just circle the drain. You can do it. BE FREE! You need not be a prisoner. The walls you've allowed others to build around you, or that you have crudely constructed yourself can be felled in a single breath. Breathe in, breathe out, it's all gone. Try it... Now nobody ever accused me of being the sharpest tool in the shed. Heck, I'm just thankful to be a tool. Some people will look at the chart below and say "I don't get it". Other folks will say "It's a trick", and last but not least, according to the experts - a whopping 63% of you won't even click on the chart because the man in the mirror has you convinced that you already know everything you need to know. That's why the brokerman keeps sending you that fat check every month... right? It's entirely possible that you may have heard someone say I'm not the sharpest tool in the shed. Oh... right, that was me. But here's my point - It doesn't matter how early you get up or how much deer urine you spray on yourself, if you can't see it..... you can't see it. Period. I played a Ray Charles song at the beginning of the broadcast today because last night in the Partner's Workshop I intimated that the blind gets in the way of the trophy. I also said nobody doesn't like Sara Lee. Plus I'm from Georgia. (Sweet Georgia) Experts agree that by now 74.3% of you think I'm crazy. My life coach (currently doing time with James Ray) says that's OK and I should embrace it. WOW! The steam just cleared and the mirror isn't quite so foggy. So why isn't that brokerman sending you a fat check every month? hmmmm? Let's get to the bottom of this. As my 43 folders friend would not say - Get a list. Now let's go down that list: You have a statistical edge - check You have a plan - check You execute your plan without fail or hesitation - checkers anyone? Illusions are great fun but ask anyone who ever worked for David Copperfield how magical they feel after a show. They don't. They just want to go home and shower. Take that for what it's worth. Am I saying there is no majic? No wonderment? No Santa Claus? No. Not yet. I'll get to that later. I'm just saying there's a thin line between illusion and delusion and for such a thin line it's a mighty big home to an awful lot of traders. It's a little early for Christmas gifts but let me put a big red bow on this - The brokerman DID send a big fat check to somebody this month. He also sent him one last month, and so far it looks like he'll be sending him another one again next month. Who is this guy? If he's not the guy in the mirror then pull your head out of your chart and get with the program. What program? The real program. You can only pretend for so long... Stop hoping, stop making excuses, stop throwing money at the market, stop bowing down before false guru's. It's time to sack up, bite the bullet, and LEARN HOW TO TRADE! I can give you a red hot trade every day for a year and then cross the street one fateful day for my 11:15 cupa' joe and suddenly meet my destiny with a Phoenix Metro Ligh Rail 30 seconds ahead of schedule. Now what? Find another guru? Go broke? Apply for welfare? Drive your Gremlin off a cliff (not you Cliff) with a mop on your head in hopes no one will recognize you because you can't afford a decent toupe'? Aren't you sick and tired of waiting for somebody to give you a trade? No seriously. Aren't you? You know what, I wasn't going to go down this path but here I am - There is no Santa Claus except you. Get up, work hard, use lay-away, cry because the instructions are in Mandarin ( as will be the Pledge of Allegiance soon) and when the dawn breaks deliver the goods by the sweat of your own brow (biblical) not someone else's. Darn, I've rambled to the point where I myself am now depressed and have no one to talk to. Lesson #1) Never buy your middle-aged therapist a sports car. (if you fail lesson #1 proceed) Lesson #2) Install a combo GPS/LoJack that will not allow driving on Mullholand Drive after dark. Lesson #3) Do not break down and try to reconcile your guilt as you give the eulogy. Lesson #4) If you do break #3 have a good attorney on retainer. Lesson #5) See Lesson #1.

So what in the world could 3 guys manage to talk about for 2hours:24 minutes:16 seconds? The President, No Child Left Behind, Going Comatose, Thrashing on the Floor, and somewhere near the end we actually got around to the markets. David called a nice top while we were live and I laid the groundwork for a very nice 10 point Zone to Zone short as we signed off. (whew) On the lighter side - A warning from Fitch Ratings that large U.S. banks could be hit hard if Europe's debt crisis spreads sent stocks falling late Wednesday. U.S. indexes were moving between small gains and losses before Fitch released its report around 3:15 p.m. Eastern time. The Dow was down 36 points with an hour of trading left, then plunged to end the day down 190. Oil prices hit $100 a barrel on today after a six-week surge that may drive gasoline prices higher in coming months and slow the fragile economic recovery. For now, there a few reasons to explain why oil jumped 30 percent higher since early October. The euro is at five-week lows versus the dollar and yen in Asia as bond market turmoil spread across Europe, sparking calls for the European Central Bank to intervene more forcefully in markets. Investors were also nervously watching to see how German financial markets will react after Moody's cut the ratings of 12 German public-sector banks, believing they are likely to receive less federal government support if needed. The euro stood at $1.3441, versus $1.3492 late in New York, not far off Wednesday's trough around $1.3430 -- a low not seen since Oct. 10. Support is seen at $1.3399, a level representing the 76.4 percent retracement of the October rally, ahead of $1.3375, the 78.6 percent retracement. Here's the 10 point Zone to Zone drop that just kept dropping - Here's a look at where we are tonight on Globex - Notice the smaller bodies on the candles? Even a wee bit of green and a bounce so far (7:30pm EDT). We will possibly send out an alert later tonight but not just yet. If we hold here and move higher with conviction that's another story. I'm just not sure it's over. In fact, unless we suddenly surge upwards, I have a keen interest in Selling 1226.75 Stop with a target at 1224.00. If this scenario should unfold I will watch for consolidation @ 1222/1223 and be quite interested in Buying the Bounce with a target between 10-20 points. Globex markets can move fast and furious on thin volume. Always use a hard stop. Trading is risky and you can lose all your money. Podcast for Wednesday 11/16/11

Steve, Either you posted to the wrong thread or I inadvertently touched a hot spot. If I did please forgive me. I believe that one of the reasons this site - Traders Laboratory - is so popular is because of the hive-mind mentality. Each of us have unique gifts in different areas of our lives. It's when we come together as a community to share those ideas that we can truly accomplish wonderful things because we are no longer dependent on simply our own strength but the strengths of many. Here's an old story you may be familiar with - There was a blind man who has a healthy body to walk and a disabled person who has very good eyes to see. Neither of them alone can do much for himself. But when the disabled person climbs on the shoulders of the blind man, together they can travel and achieve their goals easily. Similarly, the body alone can do nothing for itself. It is like a log unable to move or do anything by itself except to become a subject of impermanence, decay and death. The mind itself can do nothing without the support of the body. When we mindfully watch both body and mind, we can see how many wonderful things they do together. The only drawback for the new trader is that he allows himself to become dependent on a "Guru" to do his thinking for him. That is in and of itself a most ugly snare. We must all take responsibility for our own thoughts and trades. That said, it is often the humble teacher who learns the greatest lesson. "Of whom much is given, much is required." Blessings DeWayne

The Daily Podcast about Trading, Politics, and Popular Culture Here's a quick look at the Sunday Night open on Globex Euro / 6E Friday the Euro put in a strong performance only to see it completely erased between the Sunday night Globex open and today's close. 175 Pips up / 175+ Pips back down for a round trip ticket of 350 pips. If we begin to see any hourly closes below our support at 1.3615 we could drop an additional 125 Pips in search of solid ground. This market will continue to create above average volatility for the forseeable future. For us volatility translates into opportunity. Jack be nimble, Jack be quick, but you better wear a stop or you could get sick. S&P 500 / ES The gap up opening on Sunday night created an excellent opportunity to short the market. We sold 1268 Stop as a trade not an investment. Turned out to be quite the joy ride before it was all over. Tonight on the overnight session we like the idea of being short the ES below 1250.50 on a Stop and short the Euro/6E below 1.3580 on a stop. This Euro trade could easily drop 75 pips if triggered. If the ES triggers the potential for a 10-15 drop to support looks quite possible. Blessings DeWayne Podcast for Monday 11/14/11

I do both. For years my personal focus has been to always be flat at the end of the day. No exceptions! There were 2 reasons behind my thinking #1) I like to sleep #2) Overnight margins are huge Well, #1 hasn't changed. However I believe that Globex is now less of a shadow market than it once was. A stop loss on the overnight in the S&P 500 gets just as much respect as it does during the day session. #2 hasn't changed either. However, what I didn't know for quite a while is this - When the market re-opens at 4:30 pm EDT the "new day" officially begins. In other words, if I am flat at 3:15 Chicago time, and re-enter the market at 3:30 CDT, I am subject to day margins and not overnight margins. So now that I am able to trade confidently on Globex with $500 margins and not $5,000 margins, I have become a wee bit of a Swing Trader. I guess I'll always be a scalper at heart and that's how I view every trade when I put it on, but with age comes grace and the ability to embrace new possibilities. For anyone who is new to Emini Futures trading it is important to know the difference and to also do a little soul searching to figure out who you are as a trader. There is no "one size fits all" but there is a size to fit us all. We just need to find it.

Podcast for Friday 11/11/11 With Europe under mounting pressure to act quickly to tackle its debt crisis, the leaders of Italy and Greece moved forcefully on Friday to reinvigorate their governments and show their sincerity about economic austerity. Financial markets rallied on the news. MF Global fired all 1,066 of its brokerage employees on Friday, triggering anger and resentment about the firm's collapse after bad bets on European debt under former CEO Jon Corzine's leadership. How the abrupt, final blow was delivered upset many staff -- with some learning by e-mail and others through news on the television. "Fifteen years and no severance!" shouted one angry MF Global employee as he left the firm's offices on 5th Avenue in Manhattan after hugging the receptionist and doorman. Email from a CFRN Partner DeWayne, Futures trading is not currently my livelihood, it's a secondary thing. But I wonderabout all those for who it is, and how many had cash in an account handled by MF Global. For 2 weeks now my cash totalling over $17K is not there for me, and I'm not seeing any promising developments in the news reports. I find it especially disgusting that for those like myself, who had no trades on at the time, or who were fortunate enough to see trouble brewing and liquidated, are being put at the back of line, while all those with positions have had their accounts transferred and funded at another broker. It's pretty clear to me that the missing $600 million is not going to be "found", and so now they are saying we will have to "share" the losses. And who knows how long before we get it, how much, or even if. XXXX Our heart goes out to our Partner and friend, as well as all clients and innocent employees of MF Global. We continue to pray for a swift resolution and fully support more stringent oversight within our industry to insure this tragedy is never repeated. The Closing Bell inside the zone... The open of the 11/11/11 session Thursday afternoon was very quiet. Over 300,000 contracts traded in and around a 1 point range - our Weekly Trading Zone 1237/1238. There are many terms used to describe this type of behavior from "the market is coiling" to simply "a quiet market". Whatever you call it, when the Asian markets opened the moves were dramatic and somewhat unusual. The initial move of 14 points (Zone to Zone) took only 20k contracts. The next move (Zone to Zone) reversed the market and erased the gains on the back of just 40k contracts. The third move highlighted above required 50k contracts to complete (Zone to Zone). You will rarely ever see this type of movement during RTH - regular trading hours. On Globex it is more common but still a bit unusual. Always exercise additional caution and risk management when trading the Globex session and no matter what time of day you trade - Always use a stop! As the European markets opened the rally was on. First a 10 point Zone to Zone move followed by a 12 point Zone to Zone move, and then things got quiet. Not eerily quiet, just Holiday quiet. The final 4-5 hours of today's market racked up a fair amount of volume 900k+ contracts but again all in and around a 1 point range - our Weekly Trading Zone 1261/1262. Podcast for Friday 11/11/11

I received an email that said "Long time no see" so I decided to pop in and look around as it has indeed been awhile since I've visited. Also, thank you TL for the Happy Birthday message a few weeks ago. Now on to the post that caught my eye - E-Mini Chatroom. It caught my eye because I just so happen to have one. I want to be up front and out in the open with that. If this post runs afoul of any TL Guidelines I sincerely apologize and ask that the moderator simply make the post go away. We trade the ES and YM primarily, along with a bit of Euro 6E. We've been around for 6 years. We run a tight ship with no profanity, no angry guru's and no snarky commentary. On occasion you may find us to be informative, enlightening, and even funny. We are a close knit community but our doors are open to everyone from all walks of life and all skill levels from novice to pro are welcome. We call all trades before they are placed not after the fact. We trade live money in a live market. We are not the best traders on the planet nor do we claim to be. What we are is consistent. To become a part of our family does cost real money. I will use that money to pay my mortgage, my electric bill, and do good works just like any other business owner. However, we do give a 1 week free trial. That's 2 hours a day in a live trading environment for 5 days. Along with watching us trade, you also get a demo platform with live not delayed data for all futures contracts and currencies. There is also a simulator so you can trade along with us. If you have any questions please feel free to contact me here on the forum via private message. Again, if this post runs afoul of TL Policy or community spirit please delete. This is not a vague or clever way to spam the thread. It is simply an honest answer to the original question. Thanks to TL for providing a forum that is an excellent breeding ground for new thoughts, ideas and approaches to trading. Blessings DeWayne

Get in touch with Burt Schlichter at Daniels Trading. Real time data and he'll go out of his way to help you get set up.

Scalping Defined - wake up / pour coffee / fire up the screens / buy or sell short a 50% pullback / turn of screens / go live life

Great! I gave it a whirl and came up a few fries short of a Happy Meal. I'll be waiting............ Thanks Walter

Thx Walter. Do you know if this can be set up on a Tradestation Chart? Thx CT

i fell like i've stepped into another universe even though i've been trading for some time.............. i understand a 3 tick chart and a 22 tick chart and a 110 tick chart but how do you get them all on one chart? i use tradestation and realtick for charting and transact for execution also the red blue lines......... what are they? i'm brand new to the forum and am guessing u guys are using a different charting package i'm ct from Welcome To The Christian Financial Radio Network please enlighten me so i can enlighten my listeners blessings