Oh okay, I kinda understand now.
I have a question regarding my trading. I am 19, and I have been trading
futures for about a year now. Before Feb. 2009, I was doing pretty good
swing trading. But then my my account came crashing down, and I have a
net loss of $5k. Now I am trading with only $2k account. Do you think a
person with a small account like mine can be profitable? I trade only 1
contract, I am afraid to trade more than 1 one. Do you have any tips or
any suggestions on what I can do to bring my account back up?
I am very interested in joining your live trading room. I attended your
room about 2 weeks ago when you had a the room open to all members for
free. I really liked it a lot. Do you go more in dept in the live
trading room, compared to what you did on that free day? I will soon
become part of it once I am a bit profitable trading.
Thanks a lot for answering my questions. I really appreciate it.
Emini Addict wrote:
> It's based on knowing what rend we are in. Last night we bounced off
> of a 50% retracement at 876.00. it has a target of 954.75. The trend
> told us long into the nest 50% retracement short which was at 902.25.
> Blowing above the 61.8% line was a long into the close. there were no
> more resistance after that.
>
> On Tue, May 19, 2009 at 2:54 AM, Zythyr <zythyr@gmail.com
> <mailto:zythyr@gmail.com>> wrote:
>
> No actually I am not part of the live room.
>
> In the video you mentioned that without even looking at the market
> breadth, you took long trades because the "trend was going up."
> How would you identify the trend? I mean today was pretty clear,
> but most days, we go up and down. How do you identify those trends
> and figure out which trades to take?
>
> Emini Addict wrote:
>
> Great question. The only short setup today was at 902.25 which
> was frontrun by 2 ticks. We were bullish to there, and then
> the short failed. Breadth was ripping out positive, and.. I am
> always long until a lond setup fails. Which didn't happen. Are
> you in the room?
>
> On Tue, May 19, 2009 at 2:46 AM, Zythyr <zythyr@gmail.com
> <mailto:zythyr@gmail.com> <mailto:zythyr@gmail.com
> <mailto:zythyr@gmail.com>>> wrote:
>
> Hey Emini Addict, great video. I have been trying to trade
> the 50%
> system but I have been really confused. I see them work all the
> time but I get trigger shy of executing the trades. I have some
> questions regarding the trade setups you mentioned in the
> Market
> Review 05/18/09 video.
>
> In the video, how did you know to take only "long" trades?
> What if
> you took all the short trades. It is pretty easy to say
> that "the
> trend is up" at the end of the day, but how did you know
> that the
> trend was up during trading hours? The market could be
> moving to a
> strong short area. Before it gets to the short area the
> trend is
> obviously up. How can you take a long 50% retracement trade
> even
> when market trades up to a strong resistance area and pulls
> back down?
>
> Also, one more thanks, your a great guy. I would like to
> thank you
> for teaching other people on how to trade these setups. I
> really
> appreciate your help.
>
>
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