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I kind of miss ddav, who had gained possession of the Holy Grail a few months ago. His system could predict perfect pivot points (tops and bottoms) to the exact tick. He would show us charts of these perfectly chosen trades every day. There was some kind of strange time warp, though, that...

My post for you yesterday contained hypnotic commands designed to cause you to choose good entries and place good stops :D Nice trading!

I agree, if you chase a move because you missed an entry, you better have all your levels noted so you don't buy/sell right in to the hands of someone who has all their levels noted! It sucks when that happens. If a move is underway without you and there's decent airspace to the next S/R...

My stops only get hit when I buy the high tick or sell the low tick. I think it's been several days since I did one of those :D Eddie, I looked at a few of your trades and you’re either placing the stop in no-man’s land, or you’re entering the position in no-man’s land. I liked your...

Not everyone trading oil is day trading. Buying as price was pulling back to previous resistance on the daily chart in a solid uptrend is how swing trading trend followers choose value entries. The idiot who bought 25 contracts before Wed's inventory report is sitting on a nice median annual...

CornixForex also posted a very nice piece that echoes this: "Making money is about trading well. When you trade well, you make money. If the money is your concern, you will lose focus on what matters. The market." Here is his post: With regard to the psychological training of...

Trading pullbacks in a trend is very difficult because it's counter-intuitive. Price is falling and you're supposed to buy?? Price is rising and you're supposed to sell?? Review as many days as possible, bar by bar, in your time frame and learn to identify a trending move, and how best to...

Wow, Matcha, the speed with which you're mastering the ES is amazing! I've no idea what happened to RN, but I will quote him for you: "Keep on keepin' on!"

That was definitely a surprise to me, too. I'm happy to just go with the intraday flow. I'm curious how the swing traders here decide whether to take profits early on part or all of a position, or do you basically hold for target or break even at some point, with no middle ground?

Yes, it works more often than not and with positive R:R in place, the edge sharpens significantly. I now use 2-10 tick stops and my minimum profit target is 20 ticks with some days (like today) offering several trades of 50 ticks or better. I trade strictly off charts with no indicators...

Having turned my own trading around, I can confirm that it is possible to learn to do the opposite of what you were doing that was losing so much money. The most difficult thing for me to learn to do was to buy/sell pullbacks in a trend, and also to buy/sell new highs/lows in a trend. I...

There's a lot of risk to these high flyers like SINA and the spread helps cover that risk for the market makers. There are many stocks/ETFs that have option spreads of .01-.05: http://www.ise.com/WebForm/viewPage.aspx?categoryId=152 I traded AAPL a lot in the past and the options near...

Looks like you've found your new soul mate :) Are you using fixed hard stops when trading it?

I'm guessing (and encourage any pit traders to correct me if I'm wrong) that when a big position needs to get moved in fairly short order, there's wide price range in which the participant is willing to complete the transaction, and this can easily sweep the market for a move that seems rather...

I was one of those rabid bulls, certain we'd get a breakout of that high. After closing out the long @ 113.90 (Don, if we ever meet at a trader expo or something, I'll buy you a really nice dinner for that one), I bought 113.85, stopped out @ 113.82, then not one to be easily dissuaded, I bought...

There was no time to step away from one's desk today. Fantastic volatility! I did step away after the initial BIG DUMP to take a little break, get some fresh air and sunshine and call my CL trading buddy and say WTF was THAT all about? Only to have him tell me I was missing more DUMP while we...

I would like to thank you for this post yesterday. That 113.90 level stuck in my brain and I used it for a hard target on a long earlier, exiting almost at the high of the move :cool: OK, I glanced at your trades and can confirm that you have no idea how to trade CL, which is why you're...

Hey, I thought the first trade was awesome as well, good setup, good good entry, and good management. The second setup was a bit iffy because of the higher low, but great entry and trade management as well. It's not whether price goes to target that makes the trade; it's the fact you identified...

I see that. Shall we buy now? :) What do you trade, anyway? You shouldn't be looking at AMZN unless you're willing to buy new highs :D

Psssstttt! Shortie, take my hand and let's buy some new highs... :D