[xracer]

I agree with POP's rule about pressing your winners. How many parts should you divide your max position by?

[atto]

Lame answer: whatever works for you. It probably depends on position size, and trading timeframe. I tend to group my contracts in 1/2's and 1/4's for exits and re-entries.

[stanlyd]

good idea atto.
I am driving from LA to NY. I am about halfway, so be back in room on Monday. Good luck and have fun. See you guys next week.

[mong]

Originally Posted by stanlyd »

good idea atto.
I am driving from LA to NY. I am about halfway, so be back in room on Monday. Good luck and have fun. See you guys next week.

nice stanlyd, how does the corn look?? take some nice photo's for us. c ya soon!!

[mong]

maybe something relevant here:

check it out.

http://members.aon.at/tips/moneyMan1.htm


reading for weekend anyway!!

cheers, marius. (aka mong)

[firewalker]

Hi fellow chatters... a lot of people felt that the market behaviour is somewhat different than at other times over the course of the past year, and several people mentioned having problems with S/R lately (see also wasp's thread about The Art of Support and Resistance), perhaps this is due to the fact that price, after breaking out of a R level, fails to hold above it but falls back immediately.

I think most of us would expect price to make a pullback and continue it's direction.

This is how I see it on the ES. Feel free to correct or comment in any way. The light blue dots indicate breakouts above R, the purple dots is where price falls back below it... perhaps this is where some parts of the problem lie...

[jasont]

Some interesting things I have found with this particular market is lower volume spanning across the day. Previously what I considered high volume has dropped significantly. I'm not sure what it can be attributed to, maybe it's the Summer doldrums many people keep mentioning, maybe its the bounce we are seeing in what many still believe to be a declining market.

Less interest in the buying side could arguably be seen in the way we have risen on this July-Now bounce. It is slow which is healthy for a longer term trend but we are seeing considerably smaller and smaller rallies on each bounce. In fact I might even suggest that the breaking of resistance and falling back into it without clearly taking off (like seen in your chart) would imply the lack of faith in buying right now.

[mong]

hi guys, you got 20mins to learn a new setup??

about breakout trading. something for you atto! ;-)

http://www.youtube.com/watch?v=3gN-6D8nH0E

Range Break out video pt2
http://www.youtube.com/watch?v=4NCurszleF0

cheers, marius (aka mong)