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You nailed it. When I see that kind of action, I assume the bots are in control, I draw my channels on the 1-min chart and that's the table I eat at.

I won't trade with a stop larger than .20. If there's a setup I like, but the stop would be larger than .20, I'll drill down to the 1-min chart and wait for a second chance entry. Most of my stops are between .10 and .15, with occasional smaller stops. I;m trading price swings, though, not...

My trading R:R on oil futures varies greatly, but it's almost never less than 2. When I'm trading with the trend it's at least 3. Friday, I had two trades that turned out having R:R's of 23 and 11, respectively. The low risk, as CF taught me, is all about the entry process; the high reward is...

Why would you trade 10 contracts unless you really know your stuff???

Does a business owner who travels several times a year to market products/services at conferences, each of which generates on average a quarter million dollars in business worry that the $6000 cost of exhibiting at each conference will put him/her out of business? If you do your market...

My personal experience came about as a result of my extensive research in which I extracted the facts and tossed aside the subjective opinions, unqualified bloggers and supplement-pumpers. I did what the scientific evidence told me was the high probability thing to do to restore my health...

Nice positive thread, great advice. Nothing like choosing one of the highest probability/lowest risk setups to trade :cool:

The physicians I mentioned who promote a whole foods plant-based diet sell books and DVDs documenting their studies and instructing people how to adopt a whole foods plant-based diet. They include instructions on how to shop and read labels, how to cook a variety of foods, and how to handle...

Yes, tendlover and gabfly, I've seen al the stuff by Dr. Weil (who sells supplements and is overweight), and those attempting to make the results of the Cornell studies ("China Study") appear confusing. Always look at the ulterior motives of the blogger/writer, especially if the person or...

And here's what happens next: I had two ways to trade the setup and I had rules for each method. I hesitated to put on the trade using the small stop, then I violated my rules by putting on the trade with a non-survivable stop, then I got caught up in emotional crap that prevented me from...

Traders who haven't learned to recognize what their setups look like at the hard right edge, or who haven't learned to completely trust their trading plan, can easily hesitate to trade good setups because they look very different than they do on a static chart at the end of the day when you can...

Yes! I've totally overcome that! I do all my thinking ahead of the potential setup and I'm prepared when the time comes. In fact I usually have my order placed in advance now. I started documenting the trades I missed out on by TWT and realized that 80% of of the trades I missed were very...

This is an excellent simple day trading strategy. You need to study gap behaviors so you aren't trapped into large losses in the event the trending move breaks down. Momentum can reverse suddenly and irreversibly at times, though that's rare. You buy on the gap-and-go, but suddenly price...

Here is truth backed by over 20 years of research that was not funded by for-profit food industry or medical industry interests: http://www.heartattackproof.com/Esselstyn_Caldwell_Article.pdf (On a side note, for those who whine about how day trading is a loser's game and technical...

Lucias made a good point with his opening post. Good setups can "look" bad. They can appear counter-intuitive at the hard right edge. This causes traders to hesitate. Traders who've studied well and have seen the result of trading particular setups understand they're supposed to trade this setup...

TWT?

Your first statement is probably correct in that such a diet would finish us off faster. We are anatomically designed for a plant based diet. We're technically omnivores in that we're capable of eating anything (including glass and motorcycles). But for optimal health - plants are our...

Flaxseeds and avocadoes are whole healthful foods. Coconut oil and olive oil are refined unhealthy foods full of saturated fat and large amounts of useless calories. Whole plant foods contain all the healthy fats you need. Where does corn oil come from? Corn! Where does soybean oil come...

I assumed the whole foods plant-based diet of Campbell, Esselstyn, McDougall, et.al., just over six years ago. Although I was an active athlete and thought my weight was fine, I lost an additional 12 lbs within 6 weeks and and stabilized at that level ever since, no matter how much I eat. My...