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Do we roll to the next month soon?

Nice job, NE. After today I'm really rethinking my "stop to b/e" strategy. If I'd been very aggressive doing that today, I might've avoided my early losses (which were really dumb trades), but I would have cut off all my good trades and had very little to show for the day. Today for the first...

Got the higher low put in. Two-leg pullback or intraday trend reversal? A break through 82.99 would be good for the dip buyers here.

Yeah, the trend appears intact here, hit its head right against the 20.

Speaking of which, we just had a weak 4th push, followed by a failed breakout. Might just make a run at the highs now. I think only CL traders would find that not only possible, but in fact likely...

Thx RA. The ATS is net profitable, but throws away a lot money in range/chop, so we've been developing code to identify these price zones and avoid trading them. Still all in sim at this point. ADD: The ATS has captured a few 100+ tick trades, so I'm still in second place even with the early...

I didn't trade that last short setup because I'm suffering from "too low to short" disease. Meaning it should drop another point :p :p

Nice RA, I got the rest of mine re-shorting .89 and covering .46. This is a record day for me, with 198 ticks despite starting out in a 29-tick hole. Another lesson in don't let the early losers get you down.

I was hoping for a new LOD, had visions of another 80-ticker dancing in my head. That .68 twin bottom erased those visions pretty quick :p

LMAO! Where'd you find that?

I always try to do that, when the original setup seems valid. Sometimes that b/e stop out is almost to the tick and then price runs away so fast it's scary to chase a re-entry. Breakout levels (whether it's a bar breakout or a pivot breakout) tend to be retested to shake out the players who...

These breakdowns are just surreal. Why am I trading 1 lot????

You're welcome! If it's a counter-tend trade I move my stop to b/e after 10 ticks. If it's a trade where price momentum should have a certain amount of follow through and it doesn't, I move my stop to b/e pretty quick (an example would be a false breakout). If it's a with-trend trade, I try...

To be fair, I had two really dumb trades leading into that one and was down $290. If I was giving trading lessons this morning, the lesson would've been called, "How To Make Assumptions And Do Exactly The Opposite Of What You're Supposed To Do". Then I put on another trade and instead of...

For the first time ever I stuck with the "one big red bar is usually followed by another big red bar" theory, and the big red bar was actually followed by another big red bar. I still can't believe I was in an actual trade and it actually happened. I keep expecting my alarm to go off and I wake...

Patterns definitely fail and the patterns I trade can fail often. But the way I get into trades is in the direction of price momentum, so if there isn't the kind of follow through I'm looking for, I will exit very quickly and try again if the setup remains valid. I'm pretty sure that if I left...

My trading account is around $50K from when I mainly traded stocks and you needed $25K minimum. Since I don't scale in or out when trading more than 1, I treat multi-contract trades as if they were 1 contract, so for example a 5-lot trade that captured 20 ticks profit I treat as a 20-tick gain...

Looks like it's working :cool:

That's what I did. I chose my preferred time frame, then studied charts at length until I found patterns X that resulted in price movements Y 60% of the time or better. I memorized these patterns both visually and descriptively, meaning I wrote down in words what was happening and memorized...

My win % is around 40% with losses and b/e all counted as losses. With b/e trades not counted at all, just wins/losses, it's around 85%. I've gotten much better at letting my winners run and the 20-tick minimum profit target has been very helpful with that. For example, over the past two full...