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There's a verrrrry slight up-tilt to the channel. Could become a giant bear flag if this breaks, still a measured move candidate then. But a damn bid at every support level! Measured move down from here 103.66??

There's a lot of time frame conflict, instead of confluence. Daily chart is way "overbought", hourly chart is on the flat 20 EMA and so here we are getting to play with pure indecision on the smaller time frames.

It's not been an easy day, lots of whipsaws unless you just position yourself and trust the trade, not easy to do with this action, and I thought I was the Grand Buddhist of CL trading!

There's the down side of waiting for "second mouse" entries. Sometimes you don't get that nice little revisit to the breakout level :mad:

TZ, we're referring to jfranco, not you. Posting trades can be distracting. You should just focus on trading this monster unless you're trading for longer holds than just these little back and forth swings, IMHO.

All right, whose damn job was it to post the memo to short ES off the open and take the rest of the day off? :D

TZ, if people are calling real time trades, showing T&S is irrelevant. If someone posts the trade below at 11:35am ET and that entire price bar is 105.42 down to 104.88, I'm just curious if they're trading something different or posting way after the fact (in which case T&S would help all those...

jfranco, are you trading a different contract? Your prices posted don't match the price at the time of the posts. Maybe my time is off here.

Flat 20 EMA at a 50% retracement zone here. Break to the downside could result in a measured move but I'm too tired to calculate that :p bbl

105.85 106.09 106.32 R levels now in play

I just came up for air a little while ago. It's quite volatile action today. Too much focus needed for me to have any distractions. I'm shorting LHs, buying HLs, you know, the usual :cool: Taking a little break right now. Also, I was out late at a big jam session and need some sleep :p

short or long red or black cast yer bets, boys!

One :D (Anyone who thinks trading is boring is trading the wrong thing.) EDIT: "this manner" sort of went out the window about an hour ago. I'll grab whatever shows before it all goes away :p

Come on, dude, nut up! You trade the TF! I've heard about that thing. There can't be nothing new under the sun for you trading this wimpy CL! :D

The price action's been very clean tonight playing swings on the 5-min chart (previous bar breaks and with-trend holds inside containment bars). I like your entry, Ammo. Would you consider a b/e stop and a re-entry short on a failure to test, or a failed breakout? EDIT: Bulls are still...

Sorry, but your chart porn just doesn't excite me. THIS is chart pattern porn, before and after. Yes, spd, I know, I know, I nailed it :D

BCE, just because I've had several trades run nicely to target doesn't mean I'm not a damned nervous trader lately, especially when I'm shorting. I'm moving my stops to lock in 20 ticks a LOT on short trades in case the next level to break is nearby and it fails to break. That's like an...

OK, let's get back to the key concepts presented in your original post: Can you provide some real-life examples where you or someone you know... ...identified and reacted to the behaviour of others to extract a profit from the market? ...was correct in direction and premise on a trade...

I have no problem losing to anyone because I lose less often than I win and again, in case you didn't catch it the first time, my max loss is half my minimum gain. Surprise: Do you trade for a living? Do you believe it's possible to trade without ever losing? (Don't laugh, guys, because...

I remember reading an article as oil was hitting the 140's about how traders were buying up large quantities of distant contracts (2015 I believe was the big mover) assuming oil was going to top $200. Now, oil may very well top $200 by the time those contracts expire, but could you hold through...