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The big difference between now and November is that in November the upper BB overshoot occurred at a previous resistance zone; the current overshoot is still below three more resistance levels. There was also a BB overshoot in October (the 13th, I believe) that you're conveniently...

You are spot on! You were calling the close, I was just calling the "by the close" target. I used it, though, got some food and came back to see CL in "just hit BUY" mode, bought 95.05 like a silly trend-following chaser and held for a hard target @ 95.30. BTW, that call was based on the...

The last line in the sand for swing trading shorts was breached on 6/28. You should be long or sitting on the sidelines if you hate buying. If you're a day trader you can trade either direction, but there wasn't a short signal in sight today once the 10:00am ISM report was released.

Fundamentally, uncertainty over Greece was resolved, earnings were good last quarter and are expected to be good this quarter until proven otherwise, the market tends to run up into an earnings month, so asset managers are afraid of missing the boat on this last dip that found very strong...

In a well-defined uptrend (all this is the opposite in a downtrend), I watch how price reacts to key levels as it pulls back. The strongest key level is the trend line. Another strong key level is the line of previous resistance (previous R becomes S in an uptrend). The 20-period EMA...

Message for Josh: 95.30 4 DA WIN!!! :D :D

That was my concern, too. They were planning to meet at a trader's Expo and right around that time they both disappeared. I believe they ran off together, into the sunset...

I don't know how much trading experience you have but I've seen many retail traders fail to become consistently profitable as a result of 1) an inability to accept losses as a normal cost of running a probability-based business and, 2) an overwhelming desire for perfection (also known as a need...

Jack has a trading methodology that works to generate consistent profits. If you understand it and can develop a trading plan around it, it will produce consistent profits. If you don't understand it, then look for methodologies that you do understand and develop a trading plan around it...

Ha ha, there's no answer. I just couldn't resist posting the chart at that point because it was one of the ugliest things I'd seen a long time on the 5-min chart. My only "answer" was to use a smaller time frame and take profits quickly :p The answer for less experienced traders is to wait...

:confused: The strategy either "does best" as you say or it doesn't. Is this strategy net profitable or not? If it does well with a catastrophic stop, then there's no problem, because you know that over time the frequent profits are outweighing the occasional catastrophic stop that...

We'd get B12 from the soil if Big Food hadn't stripped the soil of its life, only to "fortify" it with fertilizers. Where do you think the Meat gets B12? From soil and water. I'll gladly get my B12 from some nutritional yeast or cereal or non-dairy milks, in exchange for avoiding the...

Also, where is Redneck :confused: :confused:

Yeah, I took that long, good for a scalp. I drilled down to the 1-min chart and scalped a few more, scratched a few, and sat on my hands during that Chi PMI whipsaw :cool: If you're strictly a 5-min trader, there wasn't much at that time to hang one's hat on. The 1-min chart invited some...

Seriously, what was up with the slippage today? I got slipped 3 ticks entering off a 1-min bar break that wasn't even a key level :eek:

This is a test: :confused: :confused: :confused:

I think if you drill down to the 10-tick chart you can see trends! :p :p :p

Yeah, those are the potato chip/mountain Dew vegans. The only deficiency in someone who can't find taste in the huge spectrum of whole plant foods is a deficiency in the ability to break free from the brainwashing and addiction accomplished by the processed food industries. I'd like to see...

Vegans are people who avoid any product that comes from an animal or requires testing on animals. This means no silk, no leather, no honey (and no leather, Honey). Vegans can consume French fries, potato chips, vegan cookies/cakes/pies, vegan ice cream, vegan meat analogs, cereal out of a...

Here's how to judge your performance: You've been consistently profitable over two years of trading. Did you attain this profitability by following a specific trading plan (business plan) with very few rule violations and is your profitability in line with the results your business plan...