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Measured move of the 60-min bull flag breakout takes us to just above 111.00. I really thought it would pull it off by the end of the day and I gave back the profit on my final long, holding for more. That's how relentless us trend-followers can be :p

Thank you for your very kind words, but I have a confession to make: It's all Muffin. She has the ability to predict the market in advance; I learned to interpret her signals :p

With a well-researched and well-defined trading plan, there is huge money and opportunity for the winners (those who overcome their psychological issues). I'm not interested in prestige or proving anything. I'm interested in trading and sharing my experiences with others, paying forward the...

If every human being that ever lived required verification that someone else had done a thing, please explain how new and innovative and amazing things would ever get done? Existing world records are broken and new inventions are created regularly. There are traders who fade trends because...

I agree totally with this. Trading small forces you to trade smart or blow up quickly. A large trading account in the hands of an inexperienced trader leads to expensive ruin. You can make a decent living day trading futures with a $10K account, provided you learn how to trade price action...

Yes, that's my recipe for avoiding chop (because I'm not a narrow range scalper); I often wait for a true breakout and enter on the 1-min continuation setup. This was an especially inviting setup because there was a HOD not far away itching to be tested and then the daily measured move target of...

NoD: "Neke, this is your Mom. How many times do I have to tell you to stop shorting stocks with a 20% short interest that open gapped up above their all-time highs?" Neke: "But it was too high to buy!" NoD: "OK, shake it off, short NFLX, profit target around 39.00."

W00t!!! Daily measured move target finally hit. ADD: RA, were you long from .90? I didn't get long till 6.26 :eek:

I think it will stop @ .59, but rooting for your .70...

Well, we now have as much clarity as a spa full o' mud wrestlers :p

I'm resigned to the fact that I will likely miss the initial breakout, so need to stay focused for the second invitation to get in.

:) ADD: every EMA in my time frames are flat...

Never short a quiet market...

Chinook, I've tried my darndest to figure out if there's any meaning to the market depth on CL and can't find many patterns. One pattern that appears to have a high probability of success is when you see considerable size (100-500 lots) parked at a price level. Price has a tendency to gravitate...

Here's an example of what trading coffee can do to you: http://en.wikipedia.org/wiki/File:Caffeinated_spiderwebs_modified.jpg

Buy .74, go all in!

Big support to overcome @ .55 first. For that matter big support to overcome every time it dips .10 :p

The PA is a mess today. Scalp or go outside and play. Nothing's worth holding :(

FWIW, I shorted a wee bit lower than your price around the same time and scalped a bit over 30 ticks based on a lower trend line (across the 6:55 & 8:00 EST lows). I then passed up two fine 1-min re-shorts due to a severe case of TWT (thinking while trading), then later took a 5-min short @...

It was a standard trend line breakout, draw the UTL on the 5-min chart - 9:00 high across 11:30 high (EST). When it gapped up through the TL, I just hit the buy button, quite a few ticks away from where a nice clean pullback entry would've been, but heck there was that measured move target...