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Big airspace below that level. I'm game. Bring it on!

Frank, nice trade and good trade management, too. You took a confirmed with-trend entry following a double touch to the 20-EMA (which also happened to be a 50% retracement level). You were aware of the key level that needed to break with conviction (104.40) and because that level was...

That's pretty amazing considering there were individual 5-min bars that ran 50-100 ticks in the direction of a trending move today. Maybe that's why they call them limit orders. :D

The ability to trade what you see, no matter what you think, is the single most important characteristic for successful trading. If you look at the list of mistakes traders describe making again and again, mistakes that limit profits and increase losses, they come down to fighting what price...

Looking at the daily chart, I see strength. We closed above yesterday's low, we closed above yesterday's close. The 2/24 spike high (103.41) held as a strong support zone in the overnight session. Friday's bull containment bar was broken with conviction yesterday and today's action closed...

I've never used Fib levels, but I do like to make note of the 50% level of a range because it often acts as its own S/R level in a trend. So, for example, if price puts in a high, then sells off, and seems to establish support, like this morning into and after the NYMEX open, I calculate the...

Yes, very well-behaved action today. For those who track 60-min bar levels (I do), Friday's 11:00am ET bar low was 103.33. These levels get tested as price moves from level to level. Also 103.66 was possible the measured I called from the distance of yesterday's morning sell off, then off...

I tend to over trade in ranges because I'm trying to stay positioned for the break out of the range that eventually occurs. I will often have quite a few scratch trades before I catch the wave in whichever direction it ends up going. I used to have those back-to-back scratch trades, then step...

Visaria, I use S/R levels to work my trades. On your overnight trade, there was a lot of previous resistance @ 105.24, so if that level doesn't break on the first try, you can take your profit (a point ain't too shabby, either), then look for a re-entry if you think it may try R again and break...

It was a multi-blooper day for me :eek: You’re supposed to make sure you’re well-rested and well-prepared for each trading day. Normally, I am both. But I got home quite late last night, got very little sleep, and got a late and unprepared start to the morning. Maybe trading a less...

Direct me to any 3- or 5-minute chart of a stock with decent volume (1,000,000 shares a day or more) and I will show you textbook price action patterns that demonstrate the intraday patterns are no more random than 90 days of price bars on a daily chart.

I discovered this when I was in a Skype group with several different brokers/charting platforms in use. There'd be frequent conversations like this: "That pin bar was a strong reversal signal." "What pin bar?" "The one at 8:05 eastern." "I don't have a pin bar, I have a big green...

I highly recommend it. That instant gratification adds up pretty quick :cool:

I hear ya. I was really tired from staying up way too late, then getting started late, ill-prepared, hesitated, missed great moves, then played in the whippy action later on, and feel happy to end the day green. After several nice profits turned to b/e on me, I started getting that mad-eyed look...

Seriously, Schiz, you must have too much time on your hands :p Richard, DO NOT look at the 1-hr chart or you risk turning to stone. Or maybe getting stoned...

Yeah, today was one of those days where your best bet was to bid at every little support level.

I may miss a big end of pit session run, but when the 1-min chart looks like sh*t, I stand down!

Took my freakin' .20

sh .17, fully expecting b/e lol

If ammo's lurking, maybe he can provide uvol/dvol. Looks like the up moves are on pretty low volume to me.