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I agree somewhat. If you "RELY" on most of what's out there you will lose money. But if you realize that you have to figure this out for yourself by using your brain & doing some thinking then you can pick out the bits & pieces from what's out there & some of it may open your eyes to a...

I don't agree with you that everyone who sells something trading-related is useless. Not one single person on this site including you would be able to trade if they hadn't learned something from a book or from a website or a seminar or dvd...................all things that are sold by...

Here's a few that seem to care if they are right or wrong. Call one of them up. If your entry timing is good enough, you won’t lose much even when you’re wrong. - LINDA BRADFORD RASCHKE I want the guy who is not giving to panic, who is not going to be overly emotionally involved...

I wasn't judging............just trying to guess the answer to The Oracle's question. Besides I'm not so sure about your statement, "...a trader doesn't concern themselves with being right or wrong". I bet if I looked hard enough I could find a trader who makes more money than anyone on...

I agree with Mysteron. What matters most when trading is to know when to get in & when to get out & to be as accurate as possible. A guy can risk 2 ticks & get stopped out 5 times losing 10 ticks & missing the big move while another guy can risk 10 ticks & never get stopped out & catch a big...

What was your reason for buying CL calls? I saw the obvious Head & Shoulders on my 60-min chart, so I figured it had a good chance of trapping people & going up instead of down today. Plus we've had 3 fairly narrow days in a row on the daily, so a decent up bar or down bar was due.

Nice Trade !

Depends what your objective is. The guy from Scion Capital ran a hedge fund & bought illiquid stocks which is the opposite of what everyone says to do, but he made a lot of money doing it. Right now I prefer to trade oil futures (CL) mostly because I've observed it so much now & feel like I...

I would say what matters most when u are trading is to think before you act. If daytrading you better be able to think quickly whether or not you want to place a trade. It all depends on the plan you have. If that entails taking a tiny risk for a tiny reward, or a big risk for a big reward...

That's why I was asking about where the orders come from earlier. Who would place a trade to cause a move like that & why?

Can anyone explain or provide some background as to where all of the orders come from in CL. Specifically today I see volume just completely dead for 2 hours trading a couple hundred contracts from after 7:30 am until 9:52 (which I know it's somewhat normal for volume to be dead after a huge...

You need to know how much money you have. Then decide what % you want to risk on each trade & be sure to make it a very small percentage. Then you won't panic so much when things go red, & maybe if you're patient things will turn around & go green.

Only thing I see of major interest is that it was going down, but now it's going up.

I've been trying to learn more about oil rather than just trading it blindly & had a few questions: 1. If trading CL on NYMEX/CME is there any reason to monitor the WTI Crude trading on ICE? 2. Does WTI trade on any other exchanges? 3. Is there any reason to trade Brent Crude instead of...

I've noticed on the 5 minute charts volume often gives good signals that a move is ending especially when a strong trend is in progress such as the 10:20 bar today.

Do you use stop orders to limit risk..................if so how do you handle placing those stops around the levels you watch. Price can get pretty choppy in those areas & just when you see "confirmation" that price is going up you jump in & that "confirmation" just turns out to be a trap. A...

I'm pretty sure I don't pick what you refer to as the "correct" levels, so I'm just reading this thread to hopefully learn something. Most important for me is the open & yesterday's high/low (Open outcry hours only). Second I look for areas where stops could be run, and areas where the...

I don't think somebody understands how markets work just because they make an observation that price reacts at certain price levels. I watch & act on price action around certain levels every day, but I'm not so sure I can say I understand how the markets work. If I tried to explain it I'm sure...

Thanks for the answer...............makes sense. It seems like a good idea would be to buy the biggest monitor on the market & fill it up with a 5 minute chart. You could fit multiple days on it yet still have the bars big enough to see the details. When you see an area that looks good for a...

So do you just mainly use the 15 minute charts for your entry signals? How do you think the same trader would do using a bigger-picture chart vs the 1-min & 5-min charts like most seem to use? It's definitely easy to get chopped up using the smaller timeframe charts..................I know...