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The obvious is not obvious because people make trading too complicated & disregard anything that is simple & obvious.

"If there is no enemy within, the enemy outside can do us no harm" --African Proverb

This thread will never die ! :) I think the obvious pre-requisite to trading any market is self-mastery.

My bank has a "transfer" option where you enter the information of another firm, but it has no area to add: For Further Credit To: My Name, My Account # I'm only able to add AMP's account # & routing #.

My bank doesn't seem to have an easy way to ACH money from them to you even though they are a major bank..................or maybe I'm just asking all the wrong people. Anyway, other brokerages I've used in the past set it all up from their end. You fill out the info. They send a couple test...

I'd cover if that was the case, or at least not hold it too long. He has an annoying habit of being correct. :)

As long as you don't risk enough to severely damage your account it doesn't matter. You risk a little; it's safer, but you don't make as much. You risk a lot; it's not as safe, but you make more. It all works itself out over time the more trades you make.

Thanks for the info !

Now does anyone know of any resources which go into more detail regarding the type of trading that takes place in CL specifically? For instance how much of the volume each day is due to hedging activity? How much is related to options? Who are the largest traders in CL? How much of the...

Thank you. I figured it was larger players selling into the new swing highs, but I was missing the "controlled distribution" part you mentioned, so I was was a little confused as to why it kept rising if the big guys were selling. Makes more sense now.

I'm in Oregon. I guess the reasons you gave are probably correct. I can understand some higher volume at those areas, but it just doesn't seem like it would be so extreme compared to the previous bars. I wish I understood how hedging & options affect the price action we see in our simple...

Finally reached one of my sim-trading goals, a week where all days were profitable: Monday: $100 Tuesday: $253 Wednesday: $104 Thursday: $365 Friday: $108 $930 Total for the Week I'll ignore the fact that I was up over $500 today, before things got a little ugly. Still need to...

Can somebody who knows a little about how markets work explain why there are such large volume spikes in CL today with each new high? I don't if anybody knows for sure since there could be hedging going on, or something to do with options, or a combination of sellers & buyers all creating...

Looks pretty good past couple of years. That's my goal too..........$200,000 and I'm ditching the cube. Got a ways to go at the moment. Good luck !

Need more details.........how did he do it?

The last day to trade the CL March contract according to CME is 2/20/14 (Thursday). You should have probably moved on to the April contract by then, but let's say you are still trading March. 1. When does the trading day end for the March contract? Does it end at 5:15 PM ET on 2/20/14...

Just curious why do you say it's worth it? What have you gained from all of this? (Not saying it's not worth it; I have no idea; just wondering)

Does your software put all of those annotations on the charts (arrows & boxes & numbers & colors, etc), or is everything done manually? Looks incredibly complicated & meticulous. Just wondering.

I went thru this exercise with about 70 trades, and I'm pretty sure I didn't see what you thought I'd see. The only way I could see to make money was if both the 20 & 105 ema's were very strong & trending steeply. That does happen in CL, but more often it's a somewhat choppy little bastard...

I definitely missed the trend change. I kept telling myself it was just chopping around before going up. I had trendlines drawn, but it just didn't register. I do get quite confused when price is going down, but it arrives at support. Do you go short, stay short, buy at support & go long...