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Picaso, you slimy counter-trend trader, you! :D I'm still trading August, more volume for now.

Bearmountain sent me a PM and they let me out of detention :cool: I'm still an early student of PA and honing my method, distilling it down to pure PA with a 20-bar EMA to clarify trend and channel. Read Al Brooks' book, "Reading Price Charts Bar By Bar". PA in a nutshell: Flat 20...

I disagree. We never know which way the market is going to go, though we may think we know. I think personal bias keeps me from making GOOD money. My most profitable trades simply let the market tell me which way it wants to go. My most profitable trades are entered via buy stops or sell...

This is a great idea. Each day I do a bar-by-bar analysis of my trading instrument (crude oil/CL), which provides me a measure of how much I've allowed bias, distraction and failure to follow my rules to affect me that day. I use a 5-min chart for setups/signals. What I do once the market is...

Murphy's Third Law of Trading: If you are tempted to put on a trade before you're about to leave your office for any reason, and you decide it would be better to wait until you got back before trading, that will turn out to the best move of the day. There's actually a new indicator based...

Uh, Puddles, you were supposed to long POT at 10:45am ET @ 93.85. Didn't you get the memo? Yeah, me neither :eek:

My friend sent me an article in which the author states, "The market rewards what is difficult." Jut because something is a difficult read or requires a good deal of study to finally grasp doesn't mean it's not extremely useful. And to Jack: A woman who was a student of your method is in...

Whew, glad it's not me for a change. Wait, I decided I want to whine, too: Blubaru, this is a true story: Right around 12:25pm ET, one of my trading roomies said, "Looks down from here." And I drew those two trend lines and said, "Yes it does, but we have a pennant (that's what I...

My Quija board and DEMTDAYBOYZ suck! :D

Do I look crazy to you? (OK, don't answer that here in a public forum.) I entered that trade @ 10:00:10 am :cool:

I missed that first breakout, but entered the second one early @ 76.37, exited early too @ 75.78 on the pivot off 75.65, but damn that was the fastest $600 I think I ever made (2 minutes).

I've done this often. The key after a loss is to wait very patiently for your next PRIME setup.

OMG, I forgot about that! In return I offer this for your FOMC-induced sim trades: Your hair looks really nice today! :D

Thanks Lucy, I still re-read it to remind myself of how easy it is to slip back into bad habits!

That trade looked promising. I had a similar pre-market trade in CL, sold a little before the test of the low, went 10 ticks my way, turned out to be a failed b/o and I was out b/e very quickly due to lack of follow through. My advice on playing a with-trend entry after so many pushes in the...

Well, here's how free my ride is: The 100% ROI is almost completely used up after living expenses and some unforeseen medical/dental bills. So my trading account is not too different-looking than it was when the year started :eek: This explains the difficulty in trading for a living with a...

Beautiful post, WF, thank you for that. I knew I had crossed a hurdle some time ago when I NEVER moved my stop further away, but I sometimes moved my profit target further away. I found that my targets are generally very good and worth taking profits there! Sure, some will be taken too soon...

On CL, just have a sell stop or buy stop in place in advance 1 tick before the breakout level. I've come to the conclusion that's the only way to not miss the move during RTH. With the stop order in place you don't have to stay glued to the screen :)

Meaning...It seemed like from the timing of your posts that you put on a perfect short and exited almost b/e before the move of the day, then put on a long at a place where a short entry was indicated. Of course, the timing of your posts might be off from the chart I'm viewing, but your trading...

Picaso WTF are you doing?? :D