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Hello, fellow CL trader! The volatility will be back tomorrow and I have very scientific reasoning behind my belief: Today I tried to hold trades for decent targets and ended up with one winning trade. (I have a very well-defined trading plan so I managed to be profitable despite a win...

She should study Volman's book on FX scalping, open a small account with Oanda and practice the stuff in that book. She'll risk very little and learn a lot about price action trading, which eventually translates to effective trading of any liquid instrument in various time frames through all...

Nice post FXG. The break of a pin bar like that is a common short setup, but the failed breakout of its low is a bear trap. When I see that, I look to get long as quickly as possible, even if I took the short position (I just stop for the small loss and reverse). My friend and I call that an...

Interesting. Learning to buy strength and sell weakness (and it took me a couple thousand hours of meticulous research to finally trust this way of trading) was the single most important breakthrough for me and results in daily consistent profitability.

I feel so left out :( :( :( :D

LMAO! Careful V, I'm happily married :p Hi M, you're welcome! "Money is a very seductive mistress. It shows up when you stop paying attention to it and as soon as you turn your eyes and focus on it, it goes away." When trading well is the main objective, profit is the natural reward of...

AMZN and X

Cryo is so yesterday. In another 30-40 years trading will be obsolete because money will be obsolete because mortality will be obsolete. The singularity is near. http://www.singularity.com/ Mortals have always wished for immortality. However, be careful what you wish for.

I posted an example some time ago on Metal's excellent thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=220303&perpage=10&pagenumber=2 Volman's book is all about the 20 EMA on a scalping time frame (70 ticks for his FX trading, 1-min for my CL trading). ADD: Notice how...

The 20EMA on the 5-min chart is the weakest of the S/R levels I use in my trade decisions. A 20-period EMA on the 1-min chart is far more useful in conjunction with the bigger picture of the 5-min chart. In the 5-min time frame, the strongest level for me to pay attention to is the trend...

As a scalper, during periods of fairly low volatility (such as yesterday and today) I look to capture a price move to the next S/R level likely to be tested, assuming that strong breakouts are unlikely. I tend to place hard targets in this price action environment. I had traded long @ 98.47...

OK, above you make it clear that the failure of your method is that you're not following your method, but earlier it sounded as if you were saying your method doesn't work. The "context" you refer to is the reason I implemented specific trade filters. Every pivot that results in a...

Visaria's a boy :confused: Wouldn't it be Visario??? ADD: On the subject of actual trading, I had mixed results today with precision price action targets. A 98.90 offer was filled (based on the 60-min EMA), but a 98.29 bid was not (based on a LTL). ADD more: The LTL was across the...

The stock has a "high price" compared to the universe of stocks, but it's trading at very low price to earnings (P/E) ratio for a growth stock that produces quarter after quarter, and it's still bargain-priced even after today's clean uptrend. The price momentum is based on real buyers...

Chris, it sounds like my own trading strategies, which do work. Hmmm...I think you need Trader Intervention (my friend told me about Trader Intervention today). If you're inclined, post a chart or two of where you trade these setups throughout the day and they fail to produce a paycheck...

Chris, post your written rules for fading the extremes of ranges and for entering a trend on a pullback. Be explicit: At what point do you define a trend or a range and what are the criteria for each? What exactly does a setup in each scenario look like, what kind of price action...

My sincerest apologies to those with offers sitting at this price :p

This morning I had a tgt @ .03 and didn't get filled, bet if I held my long through the 20 tick drawdown, I wouldn't have gotten a fill here either :p Well I'll be, CL can kiss my arse! EDIT: it was only 9 tick drawdown on that trade and to think I weenied out for 1 tick :eek: