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02-24-2022, 02:38 PM
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#3346
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,646
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Even when I win, the market still has a way of making a fool out of me.
From now on, I'm just going to solely rely on my volume indicators to tell me when to get out.
Theoretically I should still be in that trade using the volume indicators. Another 50+ points up... 
I still have much to learn.
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02-24-2022, 03:13 PM
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#3347
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by PaceAdvantage
Having the balls to go long at the open of today's market shows me I'm finally learning how to read charts after lots of years of being wrong.
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Dont let it get to your head.....
tomorrows another day
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02-24-2022, 03:19 PM
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#3348
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,646
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sounds like you shorted the open...
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02-24-2022, 04:26 PM
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#3349
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by PaceAdvantage
sounds like you shorted the open... |
Along with my "dick"
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02-24-2022, 06:24 PM
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#3350
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Quote:
Originally Posted by ReplayRandall
Silver and gold both closed above the 200-DMA.....If they both shoot up like they did at the market open, a repeat of this will signal a true rotation out of stocks and bonds and into PM's and cash....
Let's see what happens.
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Silver was at 25.38 right before the open, and then immediately fell to 24.88, in 5 minutes after the opening bell.
Keep watching PM's for opening move....It's a key from now on.
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02-24-2022, 09:12 PM
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#3351
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,764
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Quote:
Originally Posted by ReplayRandall
Silver was at 25.38 right before the open, and then immediately fell to 24.88, in 5 minutes after the opening bell.
Keep watching PM's for opening move....It's a key from now on.
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i am thinking that the catalyst for the precious metals markets will be the first rate increase by Powell.
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02-25-2022, 01:08 AM
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#3352
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,646
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Quote:
Originally Posted by PaceAdvantage
60 points = $3,000 profit per contract traded (in less than 2 hours...nice work if you can get it)
Thank me very much
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So that's two trades posted in this thread. Complete with entry & stop.
Both were winners....one for 40.75 points profit, the other for 60 points profit on the E-Mini S&P futures contract.
That's $5,037.50 total profit PER CONTRACT
You only need $500 (some brokers are even less) to trade 1 contract...lol
10 contracts = $50,000 profit.
Sure beats handicapping for a living...
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02-25-2022, 01:36 AM
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#3353
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Registered User
Join Date: Aug 2009
Posts: 178
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I nflation, O pen market operations, U kraine.
__________________
“I try to be cynical but it is hard to keep up.”
~ Lily Tomlin
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02-25-2022, 08:45 AM
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#3354
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,764
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Quote:
Originally Posted by PaceAdvantage
So that's two trades posted in this thread. Complete with entry & stop.
Both were winners....one for 40.75 points profit, the other for 60 points profit on the E-Mini S&P futures contract.
That's $5,037.50 total profit PER CONTRACT
You only need $500 (some brokers are even less) to trade 1 contract...lol
10 contracts = $50,000 profit.
Sure beats handicapping for a living... |
those future contracts give you the greatest gamble going in anything imaginable. they have the least amount of juice built into them. beating Goldman Sachs and JP Morgan's algorithms is another story.
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02-25-2022, 09:31 AM
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#3355
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,646
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Quote:
Originally Posted by lamboguy
those future contracts give you the greatest gamble going in anything imaginable. they have the least amount of juice built into them. beating Goldman Sachs and JP Morgan's algorithms is another story.
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I barely average 1 trade a day. I'm not some hyper day trader. I learned that lesson long ago.
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02-25-2022, 10:48 AM
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#3356
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,646
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barring any surprises (and surprises are aplenty right now), this big down move we've been watching for weeks is officially over IMO.
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02-25-2022, 11:14 AM
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#3357
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Registered User
Join Date: May 2020
Location: New Jersey
Posts: 1,086
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Quote:
Originally Posted by PaceAdvantage
barring any surprises (and surprises are aplenty right now), this big down move we've been watching for weeks is officially over IMO.
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There are still too many market-moving events in the very near future so don't be too quick to call the end of the down draft.
We have China invading Taiwan, interest rates, inflation data, and the playing out of the invasion of Ukraine. No one knows for certain
the answer to any of these questions. No one.
If you want to make a market call and bet sooner rather than later, I'd monitor the price/volume of Taiwan Semiconductor before anything else.
Congrats and good luck.
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02-25-2022, 11:25 AM
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#3358
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,646
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I'm not saying it's the start of a new bull run.
Just saying the move from 2/10 to 2/23 is over. That should be obvious by now (barring any major surprises or black swan-type events).
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02-25-2022, 04:01 PM
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#3359
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,646
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Closed around high of day up about 100+ pts on the S&P futures...
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02-25-2022, 04:28 PM
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#3360
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,646
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Everyone take note of how massively the market ****ed everybody who bailed out when the Russians invaded.
That's what the market does. It ****s you. Hard.
The one thing lamboguy posted that is 100% correct is that the market is designed to take the most money from the most people as quickly as possible...all of the time.
Idiots who think this is an easy game are just that, idiots.
Market is STILL GOING UP after hours...lol
Last edited by PaceAdvantage; 02-25-2022 at 04:34 PM.
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