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I've a question for day trading trend followers whose trading instrument is ES or a stock that matched the all-day uptrend of ES today: Did any of you go long between 9:30am and 10:30am and either A) remain in the trade until the close, B) add to the position on each pullback, or C) take off...

I almost never take last hour trades because in the past I've churned profits that way. Although I've been trading CL exclusively, today I had a very strong urge to long ES @ 1105.00 on the 3 p.m. pullback pivot because the lower high looked like a bear trap on a strong trend day. I couldn't...

Thanks, Puddles, for all your effort here. I've a few questions for you guyses: How do you determine size? Do you "weigh" setups and choose larger size on certain setups that have a lot of confluence? For example, the stock is strong, the market's strong, and it's put in a higher low and...

Listen, Stoney, I trade crude oil all day. All this talk has me worried about slippage... BANG!

Three good poops a WEEK??? Holy crap (pun intended)! And that's a GOAL? Here's the cheapest option there is and guaranteed to work within 3 days, providing 2-3 good poops a day: 1. Go through your pantry, cupboards and refrigerator and remove all processed foods, refined foods and...

Sarvise, I would love to see a chart or trading blotter of one or two of your trades like this. I still feel pretty much like a scalper, when in fact I often feel I should be adding to my winners, rather than jumping in and out of trades, trying to time each leg in a trend. I sim traded CL...

I've been looking for a 70-tick trade in CL for a week now. I've worked so hard practicing letting winners run, scratching profitable trades, then I get a runner and by then damn action has CONDITIONED me to take my $200-$300 profit and run. So today early on, I scratch three trades, happy...

Go potty BEFORE the market opens? XXXOOO

Without nothing on screen besides the price bars, those were all solid long signals. One of my trading roomies went long ES about where your 3rd arrow is, had his best trade of the day. BTW, I took everything off my chart except price bars. I can definitely see the advantage of this.

You guys really have me wondering how I would do trading with NOTHING on my chart except price bars. Maybe all this time I'm thinking the 20 EMA and 1.0 dev Keltners are my keys to the kingdom and in reality I'd be making 5 times as much income without them.

Once you realize you have a real runner on, I think the optimal exit strategy is to trail a stop just outside the high or low of each preceding bar until you're ready to take profits at a specific level or you're stopped out. Had I done that with my confirmed 20 MA breakdown short on CL Friday @...

I think the MAs do become a self fulfilling prophecy as long as a strong move is not underway. In a strong trend, you have to make a decision to participate or not; rarely is there a pullback deep enough to give you "comfortable" entry. If you want into a strong trend on a pullback...

I switch it up based on both the setup and price behavior. I may start with a 1:2 and if price barrels toward my target, I'll move my target another 1x or 2x the risk. If price just keeps going, I'll then trail a stop so I get my initial target at the very least, but have a chance at hanging...

Blox, I too found that leaving stop and target in place works best, but I'm still struggling with targets. Friday I had 4 trades in crude oil (CL): First was a SLABL in pre-market and since it had already broken down very hard was extremely overextended, I covered at the first sign of...

I agree it's just a small piece of the picture. But for those looking at BP as an investment now because it's "on sale", it's an important part of the picture. I've found, in my very limited time as an active market participant, that when company-specific bad news drags down all the stocks...

I had to laugh at that, too. Journalism is supposed to be objective, but there was typical journalistic subjectivity shining right through as usual. Using the word "only" insinuates that because "the attorney general in Florida and the state treasurer in Louisiana want BP to put a total of $7.5...

BP's quick ratio is poor. Fundamentally, a long term investor would look at their quick ratio of 0.75 and have second thoughts about investing in such a company despite the high dividend. http://news.yahoo.com/s/ap/20100613/ap_on_bi_ge/us_gulf_oil_spill "Meanwhile, Gulf states affected by...

Illiquid, it would be really interesting to see a chart posted of your entries/exits/reason for trade on a few of your big losing trades. I think the input you'd get from others here could be really helpful. It took input from four different traders over a period of time, but I finally "got it"...

The right decision is in front of you.

Wait, wait, wait, wait ,wait. TE, I will give you my biggest day trading edge ever right here in front of god and everyone: Place a 20-bar moving average on your 5-min chart. Using a small ruler, measure the largest distance from the 20 MA price moves before pivoting from below or above...