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Sorry, that's Keltner 1.0 dev for CL. I use 2.0 for ES.

I use 5-min chart with a 20-period 2.0 dev Keltner (mirrors 20-bar EMA), to guide my eyes to overshoots of the extremes. It's like training wheels for me. I just removed them from my chart to see how well I do without them. I'm still sim trading (though I did have my first two live trades this...

Suggested photo for thread: http://2.bp.blogspot.com/_mvtpdqiXcHY/SXlGZeTl_tI/AAAAAAAAAC0/jYWRSoTXYwQ/s400/armus+1.jpg Suggested title for thread: "Sid Viscous: Rise and Fall of a Punk Oil Trader"

Speaking of weak stocks, WTF happened to the recent darling of Wall Street, FSYS???

No, because with few exceptions I kept cutting my winners. I simply could not trade ES properly live, despite great success in the sim account. I decided that I'm very comfortable trading stocks right now and I trade only 4 of them. It's working out really well for me and if it works, don't fix...

There are plenty of "averaging down" threads where you can continue this debate: http://www.elitetrader.com/vb/showthread.php?s=&threadid=190949 http://www.elitetrader.com/vb/showthread.php?s=&threadid=191926 http://www.elitetrader.com/vb/showthread.php?s=&threadid=190780

I just drag the LMT order on the DOM (BookTrader) to wherever price has gone. I trade momentum stocks, so sometimes the move is so quick I live with a partial fill because I don't want to chase past a certain point. We're talking AAPL, AMZN & POT. They can really get going, and they can also...

Let me clarify. I use IB's Booktrader and I hit the bid or ask when I want in quickly. I've never had a problem with the speed of the fill, BUT if I'm chasing a momentum run, I sometimes get a partial fill and have to chase the rest.

Yes, I trade every day in IB's live account and have no problems at all. You can trade very small size, no problems. We tested our ATS with 20 share size, works fine.

I've been completely unable to trade most stocks reliably in the first 15-20 minutes after the open in IB's simulated account. My orders don't fill. Price goes right thru my bid/offer, I can place a limit above the offer, or below the bid, nothing works in sim during those opening minutes...

I finally got tired of giving back $$ after the opening 2 hours so I set an alarm and step away at that time. I've only traded CL once live and I was nervous when I traded it, so I decided to spend more time sim trading it, because being nervous when trading causes mistakes and I don't want...

Stopping out with small losses will only break you if you either have no edge, or you cut winners short.

Yes, at this time. I found that my trades in the opening 2 hours were net profitable and nothing I did after that added anything of value.

I think that was triggered when Ben clicked his heels together 3 times :D

+$918 Taking a long weekend, good trading to all!

And that is how the market eats traders so easily.

If it was a good question, yes. If it was a dumb question, wasn't me.

All I look at is a 5-min intraday chart and fade failed tests of Keltner channel overshoots. And set a loud alarm for 10:30 on Wednesdays.

Incnow, good deal trading live now! I think you should focus on CL. You know how clean it trades, fast moves, perfect for scalping. You'll never be bored with it. 2/24, 10:30:0001 a.m. :D

I traded AAPL short, then long between 9:34 and 9:51, had NO interest in a position on the news. Came back at 10:08 to reverse sides again. Saved myself the fight by cutting myself off after 11:00!