Interesting and Enlightening

Young King Arthur was ambushed and imprisoned by the monarch of a neighboring kingdom. The monarch could have killed him but was moved by Arthur's youth and ideals. So, the monarch offered him his freedom, as long as he could answer a very difficult question. Arthur would have a year to figure out the answer and, if after a year, he still had no answer, he would be put to death.

The question?....What do women really want? Such a question would perplex even the most knowledgeable man, and to young Arthur, it seemed an impossible query. But, since it was better than death, he accepted the monarch's proposition to have an answer by year's end.

He returned to his kingdom and began to poll everyone: the princess, the priests, the wise men and even the court jester. He spoke with everyone, but no one could give him a satisfactory answer

Many people advised him to consult the old witch, for only she would have the answer.

But the price would be high; as the witch was famous throughout the kingdom for the exorbitant prices she charged.

The last day of the year arrived and Arthur had no choice but to talk to the witch She agreed to answer the question, but he would have to agree to her price first.

The old witch wanted to marry Sir Lancelot, the most noble of the Knights of the Round Table and Arthur's closest friend!

Young Arthur was horrified. She was hunchbacked and hideous, had only one tooth, smelled like sewage, made obscene noises, etc. He had never encountered such a repugnant creature in all his life.

He refused to force his friend to marry her and endure such a terrible burden; but Lancelot, learning of the proposal, spoke with Arthur.

He said nothing was too big of a sacrifice compared to Arthur's life and the preservation of the Round Table.

Hence, a wedding was proclaimed and the witch answered Arthur's question thus:

What a woman really wants, she answered....is to be in charge of her own life.

Everyone in the kingdom instantly knew that the witch had uttered a great truth and that Arthur's life would be spared.

And so it was, the neighboring monarch granted Arthur his freedom and Lancelot and the witch had a wonderful wedding.

The honeymoon hour approached and Lancelot, steeling himself for a horrific experience, entered the bedroom. But, what a sight awaited him. The most beautiful woman he had ever seen lay before him on the bed. The astounded Lancelot asked what had happened

The beauty replied that since he had been so kind to her when she appeared as a witch, she would henceforth, be her horrible deformed self only half the time and the beautiful maiden the other half.

Which would he prefer? Beautiful during the day....or night?

Lancelot pondered the predicament. During the day, a beautiful woman to show off to his friends, but at night, in the privacy of his castle, an old witch? Or, would he prefer having a hideous witch during the day, but by night, a beautiful woman for him to enjoy wondrous intimate moments?

What would YOU do?

What Lancelot chose is below. BUT....make YOUR choice before you scroll down below. OKAY?








Noble Lancelot said that he would allow HER to make the choice herself.

Upon hearing this, she announced that she would be beautiful all the time because he had respected her enough to let her be in charge of her own life.

Now....what is the moral to this story?

Scroll down






The moral is.....
If you don't let a woman have her own way....
Things are going to get ugly

Happy Lunar New Year

It's the year of OX(bull) following the chinese lunar calendar.

Wish all a happy Lunar New(牛) Year and a bull run for the economy.

ES2009011601

Hitting myself for not shorting @ the start of the day.
Saw the bounce of GH off 13/1 support line, good opportunity for short.
The reasoning behind that was that it is too close to YHOD.

Need to step back and look at the bigger picture. The whole trend was down. this is a perfect place to short for a long run, it end up moving down 30pts although its a slow start . 

If I short at 854, Stop 858, T1 848, T2 828.
the RR will be 1/1.5 and 1/6.5
profit will be 16pt/car

ES2009011401

Short 847, STop 848, T1 844, T2 837

T1 RR 1/3 (ORL)

T2 RR1/10 (can't find a logical place to put stop, so uses 121% fibo extension)

I was nearly taken out after entry. Lucky price move in my direction eventually.

6.5pt/car for the day

12pt/car for the week.

ES2008011201

Nice start for the week. I congratulate myself for holding the trade till T2 met.

RR for T1 is 1/2

RR for T2 is 1/9

Love this multi car thingy, its more pleasing to the mind to hold on 2nd car for large target once I offload 1st car. I know that I can't get negative for the trade with the profit made by 1st car.

ES20080105

Nice start for the year, making 9pt/car. Its the best trade I ever have.
Price tested 918 in Globlex trade, test it again when market open forming a double bottom, this also form ORL30. Px break up with volume. this appears to be a good entry with a small 2pt stop. 1st target is ORH. 2nd target is the tip of price consolidation area of previous trading day.
Happy with what pan out.

Anek visited, thanks for SpacterX, here's the chatlog.

[20:33] Hi
[20:33] Ive been postponing my vacation for a while since the VIX has been so nice
[20:33] and since tomorrow is OEX i decided to take it tomororw, least break from trading
[20:33] http://i39.tinypic.com/10wr321.png
[20:34] those were my trades today, coveres were 86 and 75
[20:34] short started from 918 yday
[20:34] all were live calls in the room in case you are one of those hmmm skeptical ones
[20:34] just wanted to drop by and post it here
[20:34] since I'll be taking a sabatical
[20:34] figure it can help

[20:35] Ya gonna spend a few weeks with the kids
[20:35] Market kind of slows down during this time due to holidays
[20:35] but with this financial turnmoil and chaos you really never know
[20:36] for what is worth 981, 885 and 875 were taken from the anchor 100k
[20:36] 981, sorry should read 918

[20:41] [14:24] <@Anek> T1 hit +31 +19.25 on the add
[20:41] [15:24] <@Anek> Target 2 Hit +43 and +31 on add
[20:41] prob 1 min late
[20:42] ES
[20:42] Dont worry, i took 6 shorts trying to nail that trade this week
[20:42] Until I finally caught it
[20:42] so you were holding from like 917?
[20:43] 918
[20:43] then the adds from intraday today
[20:43] if you want to see why 918 885 and 875 were pivots, try the 100k anchor ES
[20:43] they will stand out like sore thumb

[20:43] Well price has this habit of simply going from pivot to pivot
[20:44] And precisely at these pivots is where you should start to initiate the trades
[20:44] That way your entry is protected by support or resistance and if possible by price action
[20:44] I havent scalped in prob over 6 months
[20:45] Just sticking to the big winners

[20:48] Ya during the pivot you got different choices
[20:48] You can take it point blank, assuming its a super obvious pivot
[20:48] Wait for volume exhaustion, huge volume bar spiking in the 1 min, 30 sec, 5 sec, yoru choice
[20:48] Or you can be more conservative and just wait for a confirmed reversal formation
[20:49] Whether thats a DT, DB or just a simple flip of S to R or R to S
[20:49] Remember no matter how crazy the call looks you are always protected by your stop
[20:49] Now, if you are shorting a pivot, you dont want to cover 5 min later, you really want to kill it, after all, you are shorting an R pivot
[20:50] And vice versa for S pivots
[20:50] And remember that price way of travelling is from pivot to pivot
[20:50] it just does not like to stop in mid air
[20:50] Heavy supply and heavy demand always show up at mega critical areas
[20:51] Whether they end up holding or not, thats another story

[20:54] Ya I dont have a problem holding overnight
[20:54] I do have a problem holding over the weekend, nothing I can do
[20:55] I think the 918-920 area is key
[20:55] Until the market makes that area support market has no chance of a rally
[20:56] Support is not as clear
[20:56] There are multiple "layers"
[20:56] And an unfilled gap around the 803 area
[20:56] However, many believe in Xmas seasonality and are expecting an EOY rally but unless that 918-920 becomes support, its not going anywhere but down or sideways
[20:57] If you examine the big charts with detail you will notice this 920 also corresponds to the neckline of a big inverse head and shoulders
[20:57] and again, until the neckline becomes support, its not going to rally
[20:57] they could pierce it to 940
[20:58] if that happens watch the retracement closely
[20:58] as you do want 920 to be a clear sign of support
[20:58] otherwise it could be a fake
[20:58] Thats about all I call tell you from ES right now
[20:59] ya it still does look like it wants to re-try
[20:59] but better to react instead of predict, always
[21:00] Ya heard about it, good community effort, best think you can do is work as a team
[21:00] thing
[21:00] Anyway, wanted to stop by, drop the chart and wish you all happy holidays

ES2008120801

Took 1 long trade today. Entry was at a R wanting it to turn S. Px hit through my entry px and nearly took out my stop, it was near COD of the pivot that I'm looking at 28/11.
28/11 COD and HOD is very close, both in term of time and px. Worth to take another look at relationship of COD and HOD/LOD when they are so close.
Took 1 car out @ 50% retracement, had too many trades turn at this juncture. 2nd car out when price stall plus the end of OR15. This was a right move as price turns here after.

Last Friday's trade should be a good trade if only I pay more attention to px. the support level was 818 and not 817 that I'm targeting for, may be time to buy a bigger monitor. ;)