Recent content by mikeriley

I'm surprised you're using a cup & handle to make your point, which I do agree with. I'll only add, what my mentor told me a long time ago, "When you're consistently profitable, YOU are the smart money".

He stated the following.. And then went into a diatribe about his political beliefs. Technically I fall under the same political views as the writer, but he fails to understand that it's almost impossible to separate political views from the trading/investing world. He's being...

The words you typed sound like complete gibberish. Anyone that's been in the markets for any considerable time, develop a PROCESS for consistent profits. A PROCESS of market analysis, either technical, cyclical, or fundamental of when a market is conducive for entering high probable conditions...

Check the list of winners for the Robbins World Cup Championship. Many of them use automated strategies.

Use your calculator again, a daily chart is 23 hours or 1380 minutes for futures contracts. The chart posted is 345 minutes, which is considerably less. Each bar is 345 minutes, and not a daily chart. I think maybe the X axis might have confused you. I don't even look at daily charts anymore...

Channels are excellent for identifying swing high and low turning points. I've tested them on various time frames, static volume charts, range charts and tick charts. The higher the time frame, the more accurate and reliable the turning point. 345 minute time frame for crude oil.

I feel sorry for them, as nothing is better than working from home. Not sure why such a policy would be praise worthy.

It depends on time frames also, as not everyone are lower time frame preference. When using 4 hour and 1 hour charts, 2 minutes is not an issue.

I always trust the markets over financial pundits. Apparently they forgot to tell crude oil it's supposed to be still UP. :wtf:

Great answer.

Very nice chart progression.

I love Handles123 answer. After all things considered, it really is just a waiting game. I forgot who said this, but it's still 100% true...“The market is a device for transferring money from the impatient to the patient.”

I know it's raining money in NQ and Crude oil.

I must be blind, because I use two 36' monitors. How do people trade on their cellphone is beyond me.