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ANF, JCP, and TIF all have high short interest, so you might want to buy new highs on those for the breakout squeezes.

You are right, I never did finish that book. I read a large chunk of it verrrrry slowly. I got a lot of information that was new to me and it taught me how to trade without gimmicks. By that, I mean it taught me how to trade pure price action and how to trade with hard stops and not feel like...

That screen shot made me laugh because that's how I started trading oil in the first place. Early on, I only traded stocks and in the old ET chat room, I called a stock trade on Colgate-Palmolive. I said, "Short CL @ $xx.xx" and my friend who's a futures trader said, "NoD's trading crude...

Your screen shot has Colgate, were you accidentally trading CL the stock? Mistakes in your favor are always nice :D

Shortie, you can break the cycle of the eternal short bias. Set an alert in your system to let you know when AAPL hits 319.50, then place a buy stop @ 320.20. You can do it, Shortie! You can! :D

I would prefer to see you call live on this thread the real time trades it signals for the next two weeks. This would demonstrate that indeed the system incurs no losses and potentially could produce the return you're extrapolating, and you'd be certain that there is no forward-looking survivor...

Great work, HB! My biggest focus this year has been how to best let winners run (for the very reason hf states above. Something that can help is to remember how easy it was to let a big loser run. For me, the bigger the loss became the more ridiculous it seemed that price could keep going...

It's an imperfect science as you're dealing with the chaos of many market participants in many time frames trading for different reasons. Two things that work quite well more often than not (therefore providing an edge over time): In a trend, target a new high or low, the size of which is...

I've been trading only a small fraction of the cash in our retirement accounts and the portfolio's up 14% this year. I look to buy fundamentally sound stocks on any significant dip. Since there've been no significant dips recently, the chase is on. A couple of my friends forwarded me financial...

Pete Stolcers has a blog that addresses the core reasons why the market is going up and why the pullbacks are so shallow: http://www.1option.com/index.php/global/comments/the_market_is_making_a_new_2_year_high_stocks_will_grind_higher "Under allocated Asset Managers are the only ones...

"Privatize the profits, socialize the losses." The losses have been socialized and the fed needs to recoup something.

This has been a very entertaining thread. Although I haven't looked at any of posted attachments, it appears from reading the thread that you are evaluating an automated system that is working for you in real time as you evaluate it and is doing very well so far. So what exactly are you looking...

I haven't dropped in on this thread for a while, but the market appears dead now, so here's my two cents. I find Ammo to be one of the most disciplined professional traders I've ever been privileged to follow. His trading isn't random, nor is his risk management. He's demonstrated here that he...

CL isn't trading badly. NoD is trading badly :eek:

LMAO!!! Mine's on the way! ADD: I've decided to have an affair with that stud, 6E :p

I didn't mean "the 4", rather "any 4" price action setups: Price finds support at a higher low, go long. Price found support at a higher low and is about to test the previous high, buy the new high. Price finds resistance at a lower high, sell short. Price found resistance at a lower...

I agree with this. When I finally learned to do what everyone else is doing (buying when more people are buying than selling and selling when more people are selling than buying), I became consistently profitable without any significant drawdowns. Can anyone show me an intraday 5-minute chart...

This is how easy it is for an average retail day trader to blow up while trading according to solid rules. You go long a $20 stock in an established uptrend with 2x leverage out of the 4x leverage you have available on your $50K trading account. Never risking more than 2% of your account on a...

I am forced to notice the high/low of the day because my DOM has the high defined in blue and the low in red. So while I was in that trade and saw the overnight high of 86.05 approaching, I had visions of a straight shot to next major resistance of 86.52. And when price stalled a tick shy of...

I believe the smart money that bought the early dips and accumulated on the way up has been holding off selling until the dumb money gives a good final chase (which could be sparked by a solid jobs report), then they'll sell into strength, taking some profits off the table. The market is quite...