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As a stubborn counter-trend trader turned trend-follower, and wanting to practice adding to winners this year, I couldn't help but be attracted to this thread :) I'd like to elaborate a bit more on this. You're example above doesn't contain enough information to make logical trading sense...

Price is trending up and you put on a long position on a pullback to the trend line (support at a higher low). Support holds up and price approaches the previous resistance (the previous new high in the up trend). You double your position size as price breaks though the previous high and move...

I, too, do better on range days, but I trade the manic CL, so you never know when what appears to be a nice trend will violently reverse :p You're having trouble with trend days, but you're trading an instrument that often has very clean trending days, and you want to learn to take advantage...

I'm guessing that your screen time is paying off and as you see your setups forming, you're mind's eye is filling in the blank at the hard right edge with the bigger picture of what happens more often than not. So instead of it appearing ragged, scary and uncertain where you're about to enter a...

The 5-min chart is for your trading time frame, so any valid setup needs to appear in your main time frame, and the smaller time frames are for seeing inside the 5-min bars when they are wide or whippy. It was slow and painful, but definitely an ascent (rising 20-bar MA, HLs/HHs). Your...

Do you mean it increases your stop size, or makes the stop larger after entry based on certain price action (which I know sounds like a bad thing, but can be useful at times as long as a max loss is honored).

Ended the day 12 b/e out of 15 trades, no losses. 15 ticks is my max stop, but often the stops are smaller. Because the volatility picked up with the new year, I now cross-reference the 3-min chart for stop placement and occasional early entries. I look to enter in the direction of price...

I don't think I could possibly be trading more actively with 13 trades and 11 b/e. Did manage to squeeze out a couple profits, one off the pre-market double bottom (20-day EMA double touch) and I caught the 2nd half of the NYMEX opening run. We could've all just shorted 6E and come back end...

When they pry the Feb contract from my cold, dead fingers :p

What're ya talking about? I'm long and short @ 90.40! :D

"Sal, you knew the power of the dark side. Join us again!" :D

Because if you had an account large enough to withstand averaging down strategies/trading without stops/moving stops further away, you wouldn't have a day job. And if you were trading a system with fixed rules for trade setup qualification, entries, profit targets and protective stops (such...

If increasing size causes you to take profits earlier, cut losses later, or become nervous while trading, then you don't have specific rules for entering, managing and exiting trades. I'm going to venture a guess that you sometimes average down when a position runs against you, or you don't...

If you're averaging 10K a month, why exactly does it require effort, time, guts, and luck to increase your profit to 20K a month? If your account's too small to double the size of whatever you're trading, then the "capital" part of the equation makes sense. But how do effort, time, guts...

Your trading today was excellent on so many levels. I hope you realize that, and anchor today in your mind for the future. :)

Ha ha! OK, that makes four of us I know went long there, and one of us put in a 15-tick hard target and actually made some coin on that play and I wasn't that one. I got 2 ticks out of it, because I held the damn position, certain it was going to 92.57, then took a break and missed the first...

Nice read, Hooti! That 1278.25 would be my long entry choice, definitely. I trade ES with a 2 pt stop, 4 pt target.

91.81 at 02:04pm ET, took 20 ticks profit on the second visit to 91.61, when there was a 1-tick fbo. Guess I coulda held a bit longer :eek:

I shorted! I shorted! 12 trades and 1 short!

You're sleeping in waaaay too late :p A very unusual day for me today. Six trades, ALL of them LONG. :eek: :eek: