Old Archive for "July, 2007"

These are Blog Archives
Here you can find links to old content I had on the blog, prior to switching to our group pages. Have fun looking around... some of it is pretty good! If you are looking for the best of the best posts from both the old and new eras, then go to the Articles Page. If you want the newest material, browse the public group (and the google waves associated with it).

Fractal Price Action Example

Posted on July 31st, 2007
Written by Richard

Many of you have heard that price action has a certain fractal nature to it. Here’s a pretty straightforward example which I spotted today.
Below is 2 hours worth of SPN candles from today. Look at the overall picture: a big move up, a reversal to the 38.2% retracement, and a [...]

DAX Scalper Video

Posted on July 31st, 2007
Written by Richard

This trader made $14,000 scalping the DAX futures over the course of about an hour and a half. And to think, just yesterday someone left a comment on this blog that no big money can be made in scalping! I would say, there’s plenty of money to be made in every trading style, [...]

Guest Post: You thought 10 trades was a lot

Posted on July 31st, 2007
Written by Prospectus

I traded 11 positions today–4 wins for +4.9R, 7 losses for -5.1R, net -0.2R. I’m really shooting myself in the foot with some of the plays I take! Once again, I held losers too long, though I executed the winners well. AAPL spanked me three times! I’ll stop trading a stock [...]

Tuesday’s 5 Trades

Posted on July 31st, 2007
Written by Richard

I was five for five today, with all wins. Feels good after yesterday, when I was only four for seven. In the video below, I go over all five trades, and one loss I had yesterday (since I was too sleepy to make a video yesterday). The trades today were on BEAV, [...]

Guest Post: Trades for Today, 7/30/2007

Posted on July 30th, 2007
Written by Prospectus

Here’s a Pile ‘O Charts from my trades today. I took seven trades, 3 losers for -2.2R, two breakeven, and two winners for +4.6R, leaving me at +2.4R for the day. My prop account overall PnL is up about +1.5R from my starting balance. I’m happy with those results for now, especially [...]

Conventional Pullback Wisdom

Posted on July 29th, 2007
Written by Richard

I’m about to go out for a while, but I thought I’d leave you with a quick thought. Maybe everyone knows this, and maybe not. It’s conventional wisdom that you want to see low-volume pullbacks on trends. They are safer to jump into. Do you know why? If not, think [...]

Guest Post: Calling The Reversal…..

Posted on July 28th, 2007
Written by Phileo

Over the past few days, I have been reading more and more, and more posts about how a reversal is just around the next 15-min candlestick.
Before I go any further, let me first define the term reversal. By reversal, I mean a reversal of the current downtrend in the daily chart of ES.
The desire [...]

question

Posted on July 28th, 2007
Written by Richard

Did Tom C ever start a blog? I think it’d be a more successful spinoff than, say, Joey.
(no, this isn’t the article I said I might write in my last video!)
I’ve been reading through the OONR7 blog this morning, and it looks pretty enjoyable.
Unlike a lot of you out there, [...]

Guest Post: Zoomie’s Trade 27 July

Posted on July 27th, 2007
Written by Zoomie

SPY was looking pretty weak this morning, so I decided to look for some shorts as SPY was unable to close above previous swing high on 15 minute chart from yesterday. I didn’t plan on trading today, but the market looked pretty darn weak and predictable. Did I say that :/ ? [...]

My 3 Friday Trades, 7-27

Posted on July 27th, 2007
Written by Richard

Three trades today, for 2 wins and 1 loss. I made money every day this week, but I’m overall pretty disappointed in the amount I pulled in. The way the overall dow and nasdaq were moving, you’d think I could find something bigger to trade. But, all these unusual market days in [...]

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