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Frank, you have a good point about deciding what you want to do, scalp or choose reasonable profit targets based on joining the group that exerts control over price. If you want to scalp, I think it's best to scalp a piece of an ongoing momentum move, to help ensure you can get price...

+$436 I made $640 on a sim trade in pre-market, testing a 2-pronged profit target and had to bang my head against my desk as to why I did it in sim instead of live, because the setup was fine and the stop loss was small. The "this thing has run too far overnight" opinion kept me out of the...

Very sorry to hear about that. You'd think for sure a pop-up would come up, considering they have pop up messages for all kinds of other stuff. I'm not sure if you're aware of this, but when you place a stop order at the last minute before a market-moving event (econ numbers, fed speech, FOMC...

Interesting, IV, I never paid attention to that before, but it makes sense, because normally price will break hard through the round number if the bulls are for real. I did take a short off the DT with a 15 tick stop (at the HOD, basically), took 20 ticks at the lower TL, left a bit on the...

+$211 Very limited trading today, sadly.

good morning emg! We really aren't that f*cking crude, ya know? :D

I'm pretty inconsistent, sometimes jumping in really early off a 1-min chart, sometimes waiting for a specific confirmation level, and sometimes waiting for so much confirmation I'm so late to the party that I end up giving back what little profit was left for the taking. When I enter late in a...

Regarding your trade #2, I was on short alert when the 7:00am bar couldn't even muster a 10-tick breakout. Then the second attempt was an apparent false breakout. I decided to short the break of the 7:15 bar low (2nd red candle) and targeted 20 ticks off that. It felt very counter-trend at the...

I took this exact trade, also short @ 74.45 and it did not behave appropriately at all :p This was great, Frank. I didn't play the initial break because the previous breaks were so weak, but price offered a quick second chance and I even made the comment, "Looks like the bulls might have...

I appreciate the input I've gotten here and via PM. It's still pretty early in the testing process. So far, it's trading through any and all news and doing well with it. Tomorrow will be interesting because it will trade through a major (and almost always volatile) news report.

+$592 I did almost as well as my ATS today, which had the common sense to play the entire long move from noon to 12:45 ET.

This ATS is so incredibly simple, no indicators, no trend identification (because we all know that CL can completely retrace an entire trend in about 15 minutes when it's in the mood), no time exclusions for news reports (at this point), no volume criteria, no 20-bar MA, just pure bar-by-bar...

This is the 3rd week of testing. Week 1 was a very rudimentary program, week 2 was with added criteria and working out bugs, this week's looking pretty clean in terms of not many bugs, taking correct entries, and order execution, so will likely start live testing next week.

I use IB and they have an option to allow stops to work outside regular trading hours. Go to Configure>Order>Order presets and there's an option for allowing orders to be active outside of RTH. You can set it for each type of order.

I haven't taken a trade since 11-ish eastern time. However, I'm very pleased to announce that that Robo-NoD went long @ 74.60 and trailed a stop to exit @ 75.19, kind of like a REAL trader :p

Yeah I knew it, the word "poopoocaca" was the necessary spark for a real b/o! Bookmark this page, boys, for future reference :D

You're right Picaso, it's more of an anticipatory fade day, because the breakouts are poopoocaca (sorry to use such a highly technical term). EDIT: Now that I said that, CL should break out 90 ticks...

I'm looking for input from automated traders with regard to holding positions through news releases vs exiting prior to the news.

I agree that HFT can cause harm looking at the bigger picture, but I was just curious how they might be affecting me in my very small retail day trading. Something else I've wondered about and never got an answer from anyone is when you say "push the market into your stops which they will...

Don't most of our days end in "Why?" :D