Trading to win using the Secret Code of the Illuminati

A day late and a dollar short…

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Risk and Reward

Timing is everything in life.

So is risk and Reward.

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If the range is between 1227.25 and 1213 for the day, does it make a difference whether we buy 13 or buy 27? Sell 13 or sell 27.25?

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During chop, we ran seminars for our new members, and review for experienced traders.

We posed a question:

What trade today is the best edge, risking two points?

  • Short 27.25
  • Long 13
  • Short 21
  • Long 16
  • Other or some of the above

If other/some…explain: ___________________________________________

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How would you answer it?

The market was trading around 18 at the time, mid morning.

How did you play it?

There is no right answer, but certainly many variables come into play.

Our answers are all posted in the member’s forum, available for review by those members who want to review or weren’t around.

Comments welcome, your opinion appreciated. (If you take the time to comment, I will share our ideas with you.)

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balancing out those two minute charts…

RT @nikkyd: @eminiwizard GM. Soon we’ll have to start working on a 30 second chart :-/ / lol good morning

RT @Marketrend: The Day the Dollar Died http://youtu.be/2N8gJSMoOJc! / gm Carlos

initial target called for 13 to 15 based on direction

:) say yeehaa

[08:06] targ at 27 [08:10] E: marginal highs [08:10] E: 1 to 2 points nothing [08:10] E: on yearly basis

half gap traders advised to take profits 19.75 and reverse

scalping

ism flat by ism or 17

timing trade 22 ressit for 17 target hit

[10:06] E: ok timing [10:06] E: using the 22 resistance [10:07] E: for the 17 target

@tony_lewis @Risk_Manager_NY @kiwitrader24 @Cubs10 @melmaro @RenaTrader thanks all for rt and #FF

@RenaTrader @TraderSmarts @eminiplayer all display consistently good technique and reasonable $ for mentoring … #FF

@50Pips never sleeps and is prolific… student of the market as good as they come #FF

question from member: do you know any thing about settings for Sierra Charts ? (no) any help appreciated

it’s 5 oclock somewhere …..

[10:31] E: range and really ugly for the bears if becomes 16 support stay neutral in your thinking 10:31] E: and dont get chopped

RT @tradethecycles: #FF #FollowNow @eminiwizard thank u very much joe :)

RT @vkligys: http://youtu.be/oUOHz6clCis it’s 5 oclock somewhere ….. / lol V go fishing ty

@ATTechFX @faaaal @avassallo @yeeron @p357 @AbsolutionCL @Legacy_Trades @jotuk6771 @RenaTrader @melmaro @tony_lewis ty all for the #FF

@Risk_Manager_NY @Cubs10 @Marketrend @hermitrader @nikkyd @SE1_CM @celtic_mist have a great weekend all and ty for posts etc

[10:53] E: if ib hi breaks [10:53] E: shorts will slash wrists [10:56] E: trap and squeeze [10:56] E: over traders get killed

[10:31] E: range and really ugly for the bears if becomes 16 support stay neutral in your thinking 10:31] E: and dont get chopped

RT @tradethecycles: #FF #FollowNow @eminiwizard thank u very much joe :)

TTC: @eminiwizard Without the huge VIX/fear spike from the Flash Crash #SPX would have very likely peaked on 4-26-10, as it is not much upside.

RT @vkligys: http://youtu.be/oUOHz6clCis it’s 5 oclock somewhere ….. / lol V go fishing ty

by noon, if short dont attack angel … they lose

25.5 is the globex demon

so all longs advised to be out by there

RT @nikkyd: @eminiwizard As per usual shorts got sucked in /// [08:40] E: 12 support is bounce move

[09:22] E: use 25 as resistance

[09:07] E: anything goes once support is found

what an awful day for the bears

@Marketrend u too carlos :)

RT @zlmtb: RT @eminiwizard: what an awful day for the bears :) Monday’s another day! / agree they will get their day :) not yet

RT @zlmtb: @zerohedge: Market Celebrates Just Announced Record Foodstamp Usage By Closing At 2010 Highs http://is.gd/i9T3H / rofl

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[16:46] xx: Even when I know the system down pat I would still come into the room because you never stop learning
[16:46] yy: At the end of day, I can’t wait til the next day to log in with you….
[16:46] zz: i am as well..
[16:46] aa: From the heart big guy
[16:47] bbi: ty E for spend extra time w/ us
[16:47] cc: you make it comforting to face the markets..

[16:49] : totally understood..
[16:49] : kinda like a large triangle..
[16:49] : Sucker
[16:50] : lol
[16:50] E: frog in boiling water
[16:50] : right
[16:51] : So EOD are shorts getting out and taking their lumps?
[16:51] : Like the crazy trader in the STOP video LOL
[16:52] : Dropping F bombs every 2 seconds LOL
[16:52] : Funny
[16:53] : Yes
[16:53] : thanks so much!
[16:53] : Gotta go pick up kids…BYE ALL
[16:53] : Thanks E
[16:53] : y thank you,
[16:53] : have a wonderful weekend!
[16:53] : Be good
[16:53] : have a great weekend all
[16:53] : u too…:)
[16:53] : bye everyone
[16:53] E: nite all

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When you are ready to become part of something special, you know what to do…

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