Search results

First of all, every trade can turn out to be a winner or a loser, even if it's based on the best setup you've ever found. If you think a setup is a losing setup, it wouldn't be in your arsenal of valid trade setups, so there's no difficulty involved. The 2nd basic assumption of this thread...

On the breakout of 100.97, does anyone know how a breakout like that happens? I've experienced them mainly out of ascending triangles (which this was). Price had coiled in a tiny range on almost no volume, then what? Are all the bots programmed to buy the new high off that low volume NRC setup...

Absolutely. I had a few little short scalps, but all the good stuff was long. I had a long position in place for a break of the high for what seemed like forever (20 minutes), and normally I would've just scratched it and got a bite to eat, but the stop was only 8 ticks, so I sat on that puppy...

Just dropping in to offer a gift to newer traders: Trading in the direction of the trend is so satisfying :)

Great entry, great exit. Now quit with that "wide stop, swing trade" sh*t! :D As for the stop hunting conspiracy theories, the break followed standard CL support attempts off the 60-min chart. When price failed to revisit the previous pivot high around 98.70, the support levels get tested...

You've been around a long time from what I've read on ET, and years ago you were posting huge daily profits on a regular basis. Based on your account size, was this a massive loss? If I'm a noob trading a $25K minimum day trading account and was positioned accordingly for my account size and...

I spent some time on Skype with a young trader last year and shared with him my tactics for trading CL. He grasped the concepts immediately and began sim trading. He was texting me his sim trades and pretty much trading me under the table. That's a good feeling, when you mentor someone and they...

And the LORD spake, saying, "First shalt thou take out the Holy Pin, then shalt thou count to three, no more, no less. Three shall be the number thou shalt count, and the number of the counting shall be three. Four shalt thou not count, neither count thou two, excepting that thou then proceed to...

You're trading a small account and it sounds like you're trading scared. You're distracting yourself from focusing on the task at hand, then seeing the moves after the fact and pissed you missed them. Are you new to this contract? It takes a lot of time to study it and find setups you're...

My issue with bias is when certain news comes out that's bullish or bearish and price is moving against the tone of the news. I now trade against my bias if price triggers the trade, but for the longest time I'd watch price just trend and trend half the day and I'd wait (sometimes for hours)...

Today the ATS went long the break of the 11:05am ET bar high. Nearly a 120-tick bar and the system just trades its dumbass trader signals, doesn't give a sh*t about anything else. Takes a quick 21-tick loss and waits patiently until the next trade sets up. Next setup that met its criteria was...

For anyone short, measured move target from earlier is 96.36

Would it be asking too much to see a measured move? :D

Bulls take the stairs, bears jump out the window :p

I am so glad I don't use hard profit targets. :eek:

LMAO! My old Skypies can definitely confirm that "whack-a-mole action" is one of my favorite random entry trade signals :p

Casting the first vote, I selected the trade that's opposite my bias. I will trade it, but it's never easy!

What is the most difficult trade for you? Basic assumptions: You're a discretionary trader. You have a setup or collection of setups you trade that present a profitable edge (if setup X presents, then profit Y follows more than 50% of the time).

Having been in the trenches throughout the day, I can tell you that in retrospect the 99.20-99.30 zone short looks obvious, but at the right edge it just kept looking long to us trend-followers. It wasn't until the 12:35pm ET bar closed that I took what felt like a very counter-trend short on...

Matcha, you are guilty of thinking while trading and friends don't let friends think and trade :p Thinking needs to take place BEFORE your order is placed, not after. Certain concepts have no place in trading and one of them is the belief that you are wrong or right. Trades are just parts of...