Search results

I had Blotto on Ignore so had no idea what he was inventing about me until CapnCod quoted him. I addressed his accusations here and via a PM to him later: http://www.elitetrader.com/vb/showthread.php?s=&postid=3353192#post3353192

Yeah, true, and if I post a blotter, it's photoshopped. And if I ask my trading roomies to vouch for me, I paid them. :D

I'm an intraday scalper both directions, but let's say, for the sake of trend-following argument, that I held the long position I put on @ 95.03 when the shallowest support level held and the inventory report drove price up. I'm now more than 3 points in the green. I have the luxury of taking...

Reversing and going long when the counter-trend pullback short trigger the other day found support, and successfully confirmed that support, at the shallowest pullback level (94.60 zone) makes perfect sense for a swing trader. That's a sign extreme strength and that's where the bulls added to...

The sell in May phenomenon? I'd guess maybe a self-fulfilling prophecy because the talking heads talk about it non-stop each spring.

Geez, Iceman, give the guy a break! He has a trading plan! The only thing missing is the risk management part :eek:

What's the symbol for that contract, 'Snack? :p

Blotto: "My experience at ET is filled with irony. I leave myself completely out of my posts and just give suggestions based on sound reasoning and testable arguments with no mention of how I trade and my results. Outcome - people give me ad hominem arguments." Blotto, as ammo pointed out and...

You developed an intraday momentum trading system and tested it during what are considered, even under "normal" market conditions, the best months of the year to trade (September through May). 2008/2009 had the added benefit of offering the most powerful price swings the market had seen in a...

Sayid, I have three questions for you: 1. Do you place hard protective stops on your trades? 2. Do you ever average down? 3. Do you ever trade counter to the prevailing trend in your chosen trading time frame?

That's all we do as traders, trade swings of price. The novice will do well to study significant price swings as if s/he is a detective attempting solve a crime. Study the footprints/fingerprints price leaves behind in a selected time frame and solve the mystery of what caused price to suddenly...

No different from imprisoning a fraction of a cent worth of carbonated sugar water in a .05 aluminum can and charging .50 for it. Been a rock solid business model for years. What was with that 120+ P/E ratio they had going not long ago? I figured the K-Cups were a cure for both cancer and...

Yeah, yeah, nothing more than a minor stop run. Come on, DC, nobody got hurt and nobody missed a fill fading the trend there :p

CL showed serious relative strength vs the market after the report, couldn't even retest the day's lows during the late day selloff and and yesterday's low served as twice-tested support. The daily chart uptrend is not only intact, but appears quite strong. Intraday, great stuff both...

Just click "BUY" :p

Bulls defended the .65 zone twice so far I'm laying low till the inventories (that's code for stepping away from my desk) :p

Pullback counter-trend short signal for swing traders on the daily chart with pullback support levels as follows: Previous R becomes S = 94.65 to 94.25 Previous long pivot entry retest support: 92.90-93.00 20-day MA support: currently 91.70

Quite common with counter-trend fading strategies. Very improbable with standard price action strategies unless a black swan event or system/platform failure prevents risk management from being implemented. If I have 10 winning trades in a row, my minimum profit accrued is around...

Next S becomes R: 97.80 level After that, 99.00's in play, which coincides with a channel line on the daily chart as well. No short signals yet on the daily chart, unless you're fading that upper channel line in advance of a test. Intraday, good both ways :cool:

You can have an edge but not trust the edge. It's human nature to want certainty, and in trading there is no certainty whatsoever. Even strict risk management goes out the window during a black swan event, a technical hardware/internet issue that disconnects you from your trade management, a...