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75.78 off 75.72 pivot, then re-entered short @ 75.67, profit off the retest of 75.40 pivot, then looked away for a while and missed the breakout re-entry that led to the fine move down.

Yes it was, I rode it from .98 to .78. Sorry about that Nodoji Twit confusing ya'll; I've never twittered in my life :p

Spain. I made some nice coin in the ES the day Spain was downgraded and I think they deserve an upgrade now :D

It's the "so often" part that eludes me. On a really good day I'll take 6-8 of the 10 or more signals that present themselves. So I've had some $800+ days trading 1 lot, but still micromanaged the trades which further limited my potential profits. But on most days I only take 3-5 of the trades...

Thanks for your post, Tonka. I was planning to evaluate NT or Sierra for that exact purpose and had downloaded NT but never did end up doing anything with either of them because once I set up QuoteTracker I was very pleased with the charts and have been trading CL off IB's DOM (Booktrader)...

If it was text I'd still be hanging out with you guys all day! Once trading CL and ES I couldn't take the distraction of a typing chat room, because the chat window covers part of my charts, plus you guys kept intriguing me with calls like "Shorting BLOOF at .72" (Me, hamster wheel spinning in...

:p This is helpful for me in cases where a setup is ripe for a measured move. I try to keep in mind how the chart will look once that move is fully made. It might help keep me in the trade without cutting a winner short. It worked very well for me in pre-market Friday when I took a breakout...

I have frequent bias, conscious and, I'm sure, unconscious. Bias has cost me (and I'm sure most traders) more money than all other mistakes combined, both in terms of large and unnecessary losses as well as potential large profits. Matcha posts "cost of mistakes" each day in her journal. I would...

I scroll back to 7am ET (an hour before I'm awake enough to actually trade) and advance 1 bar at a time. The example I posted was from 6/29. I used to include the setup, the signal bar, and the reason for the particular entry, stop and target, but after doing that for months, I don't need to do...

Here's an example of a bar-by-bar analysis in which I take a trade immediately upon close of a valid signal bar, with initial stops left in place, never moved to break even: Sh @ 76.44, sl @ 76.50, pt @ 76.14: pt filled for +$300 Sh @ 76.27, sl @ 76.42, pt @ 76.99: pt filled for +$280...

I've been backtesting CL manually bar-by-bar almost every day for the past 6 months, then confirming the results in my sim account. Of course since April I've been confirming the results in my live account. I found it odd how easily I was able to trade almost every setup in my sim account...

Because jobs news just hit the wire and price went up and this hypothetical trader got excited and impulsively found herself long 3 contracts 1 tick below the highest high since the 2010 pivot low of 1003.00 and then realized she had no idea where next resistance was because the ES hadn't been...

I've backtested till I'm so blue in the face you can now start calling me Neytiri (though I really do like "Tonbo"). In trading is a lightning strike a good thing or a bad thing?

Damn, I hate it when you say the same thing in 25 words what it took me 382 words to say. :mad:

Careful, Arthur. RN and me ain't just trailer trash, we's intellectual trailer trash!

I'm confused. If you had a plan and accepted your stop loss as the cost of admission to the trade, why would you ever reach the point where you'd say, "OMG! this thing is tanking, I need to cut my losses NOW!"

The reason for selecting stops and likely initial targets in advance is that to preserve your overall edge you need to know if a potential setup meets your minimum risk:reward ratio. I may see an excellent setup and a price bar closes and signals a trade entry, but if the stop is $300 and the...

Hi RN, I know exactly what you're saying. I still have confidence that in far less time than it would take to fully automate what I do now, I can master my own trading method. It seems so absurd to me that something as well-defined as my trading method can be so easily screwed up by passing it...

Yes, I've been doing that a lot lately (much related to the convo we had recently). It's helping me distinguish the stronger setups from the weaker ones.

Quote from Lawrence Chan: MMs need a bit of time to clean out the inventory from this recent multi-day drop. Once it is done, the mkt can resume dropping, say, next monday. =P Wait, wait, wait, not Monday! Some talking head last week said S&P 1100 was coming and we all wanted to know...