Search results

This style of trading requires a proven track record of calm, disciplined trading and the ability to trade in the direction of a trend. If you've broken your rules more than once or revenge traded at any time in the past couple of months, DO NOT attempt this style of trading because it will mess...

Well, there's the problem. Look at a 5-min chart and trade in the direction of the trend when a trend becomes apparent. Once a reversal becomes apparent, trade in the new direction. In CL today you would not have more than 11 trades between pit open and close today. 8 of them would've...

I can confirm that CF can trade, can trade with "impossible" stops, and can trade profitably day after day and seems to have been doing so for at least 3 years, as he's one of the first traders I ever met back in the days of ET's chat room. I had the privilege of having him in my Skype room last...

Two things transformed my trading: 1) I limited what I traded. First I limited my instruments to 4 stocks (AAPL, AMZN, POT and X), and I was dabbling in futures. I then limited the stocks to 3, then 2, and I was preparing to make a transition to futures. I now trade a single futures contract...

If you're a profitable stock trader who knows how to use support and resistance (price action) to trade effectively, and you have strict rules for managing risk, then you should expect the same results with futures plus the advantages that come from trading one or two instruments day after day...

Stop picking on ET's best ES indicator ever! :eek:

That brink was a pretty high odds entry point: 95.13 was a measured move target and 95.02 was a failed final breakout (or failed final flag).

O RLY? Check. So far, so good.

I've called plenty of trades in real time on ET. I've provided clear diagrams of things that work. Metal caught my attention with this thread because s/he does the same thing and it works! Does it work 100% of the time? No. You're a trader! Trading is sloppy and imperfect, but there are...

No, it's not real; it's sim. I've been there, too, with my indicators and my averaging down and my multiple contracts. Learn to trade 1 contract without averaging down and with a hard stop loss on every trade. If you can make a profit after a month of doing this without cheating, then try...

Totally spot on! I was talking with a couple trading friends this afternoon and I said, "These lines I draw are training wheels. They're nothing but training wheels! But I don't care because they work again and again and again." Ever since I got crutches, I'm making money hand over fist...

I'm curious if your trading style was trend-following or counter-trend (reversion-to-mean). When I was a counter-trend trader, I would have a string of profits and then wipe out a big chunk of them. This hasn't happened since I learned to trade with the trend and use stop losses on every trade.

It's in an uptrend. Buy the pullbacks. It'll be ripe and ready soon.

Post some charts with your entries, reason for entering, stop loss, reason for stop at that level and expected minimum profit target. If you can't do that, then you need more research and defining of rules.

Out b/e. Good trading to all tomorrow!

This trade BTW is a channel play, channel getting a bit loose with slight overshoots either side, setup based on triple touch resistance at the 60-min 20-EMA. 20 EMA on the 5-min is well-defended so far. ADD: Failure to break down that 20 could result in an upper channel line breakout, but...

stp to b/e, need to see break of 20 EMA here

sh .83 stp .91, init tgt .48

Sound like you need to find better ways of targeting profits so you take them at key levels where pullbacks are likely. Often it makes sense to take profits (or at least partial profits if you trade multiple lots) at a level that is likely to be challenged. If price stalls there or breaks...

Blackjack is a game in which you can truly have an edge. I'm a consistent winner at blackjack, not because I count cards (although I must say having an exceptional visual memory is helpful), but because I can play the game strictly by the rules with no emotional disruption, and with very defined...