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These monster moves always happen about 7.8 seconds after I leave my office. Always. I'm gonna start pretending to leave and sneak back in from now on.

Sounds like Ron Coby's heavily short, his brain fried by the heat he's taking, and now he's hallucinating "giant head-and-shoulder tops ". Someone on ET posted Goldman Sachs' playbook a while back. We're going to S&P 1300 in the first half of this year. It's gospel! :D

+$550 Yesterday 19 trades = loss. Today 1 trade = profit. I did violate my "take all setups" rule, quite badly. One of the best setups of the day, I was about to pull the trigger, then decided I didn't want to risk $200 (per lot), stop loss zone too wide IMHO for even 1 lot. Price then...

Gotta dash off to an appt. The main rule I broke today was not trading all my setups. Good trading to all rest of day.

We've had 3 pushes up from lows, including a measured move, but haven't tested pre-market R yet, so I'm waiting for confirmation before shorting. ADD: Bears seemed to have gone back in their cave here.

Kinda sad that $200 potential loss keeps us out of a $900 move. Even if price only dipped as far as the low, it was decent R:R. I'm a weenie. I'm pleased however to have actually taken a setup to the long side, and allowed my target to be reached (still left money all over the table by taking...

No! I haven't put on a damn trade all morning! I'm back in defensive mode after losing my mind yesterday :p (Thinking about shorting ES though...) ADD: I will add that I wanted to short at 83.47 after that signal and what stopped me? That 20 tick stop zone. No trust, no trust...

I'm thinking this might not be out of the question today. I can't believe I've been staring at my chart thinking, "too low to short" again and again, waiting for price to stage a bounce, but no bounce, just down down it went.

I like the number of opportunities CL presents each day and I do well focusing on one thing. I no longer have stock charts on my platform at all. Just CL and ES. OK I'll be honest, I'm totally addicted. POT was my gateway trade...

...short more ES! :cool:

Support so far is being well-established at the rising 20-bar MA on my 3-month daily chart. A break down should take price well below 82.00 (in a rational market) :D

I didn't say it was easy, I was just pointing out trading setups whose future moves are confirmed by the price action (which in a nutshell is "if it doesn't keep going up, it will go down" (and vice versa). 198 said there is no confirmation in the market. I wasn't implying setups never fail...

Can you define technically the price level "the moon" and also the price level "drops to the climax"? Confirmation from today's 5-min CL intraday chart: 8:35am bar - Lower high fails to break the falling 20-bar MA in a down trend, confirmed short entry, 54-tick move. 9:30am bar -...

"No greater than" 86.91. I personally would've likely had a tighter stop. When counter-trend trading, you look to take profits at the 20-bar MA or if playing a retrace pattern, you want less than 50% because in a strong trend you rarely get to 50%.

-$167 ($88 of it commissions) I noticed after my first trade that commissions were lower, which must've fired a message in my brain that said "You can trade so much more now that commissions are lower! You can trade so much today that you'll be able to break every one of your trading rules...

Yes it does that lot, but if it's a confirmed setup, it's safe to put on the trade. If it's a counter-trend trade, that 10 tick chase zone is usually the place where you shoulda taken the opposite trade :eek:

You decided the price action was terrible, and I pretty much ignored the price action. Truth be told, the price action was beautiful today, but trading CL requires vision, trust and patience. Fear of missing a move and being too impatient (to wait for confirmation and also to wait for target)...

Good News and Bad News today. Good News - 1) My commissions appear to be lower. 2) Lost all fear of trading CL, putting on 19 trades today without hesitation (clearly I was bubbling with enthusiasm over the lower commissions). Bad News - Broke all but one of my rules (I never...

OC, you are too kind. It's true, I'm a closet novelist with a 535 page novel in my closet. As for my journal it's often a horror story, but at least it ends well :D

If you're selling calls at pullbacks in an up trend, you either enjoy pain or deserve it :p