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Holy cow, Arthur, and here I was feeling pretty good about myself :eek:

Yes! I run 2-3 miles a day, plus soccer, plus weights 3x week. Fit as a fiddle, but I must admit my eyes are filled with pixel dust at the close and I occasionally have trouble forming complete sentences :p

Come on, why not be greedy? The trend is still fully intact :cool:

ammo, haven't looked at it like that. Yestreday was a perfect measured move. I had a feeling a measured move was in the cards technically but my thinking kept me out of a trade there on the pullback - what would drive the market so much higher, I thought? DEMTDAYBOYZ, of course! I assumed they...

I show BP's 10-year low at 33.70. Today it nearly broke through that level. If it breaks through, then there's no definable support. BP's fundamentals aren't much to write home about either (quick ratio of .75x) . When a stock has no definable support, and nothing but bad news on the horizon...

Thanks, t. I posted ES chart in ES journal for you. ADD: There are definitely some differences, but not enough to change entry signals IMHO.

Tomahawk, I've attached my 5-min ES chart per our conversation.

Vol, you need to learn to let your winners run! :cool: BTW, Cramer's throwing in the towel: All in all, Cramer said we've made no progress on this list of "must have" economic information. In fact, he said, we may have slipped back a bit from June 2. Until all these items have been...

Nice entry, yc. I've been working hard on letting winners run with my trades and on a confirmed with-trend trade like this one, your target would be a lower low. The overnight 1052.00 low was in play IF price failed to find support @ 1056.25, and it failed pretty easily there. If a with-trend...

I like a failed breakout for a reversal signal, very effective. However, after the "flash crash" Schizo posted an ES chart to explain for me a gap in price and right away I saw a clearly definable chart pattern that I've since added to my arsenal.

Rashid, I agree with you. I jokingly called a 1047.50 close to my trading roomies and it only took a few minutes later to get there. This is a very ill market for longs right now. EDIT: Oh and by the way did I mention I have a swing short on from 1216.00? :D

AMZN should've been on a solid trajectory after the upgrade and raised target. But when it fell off the open then double topped (failed b/o actually), I ended up shorting it @ 126.38. It was not acting like proper AMZN at all to the long side.

But notice this: Those big red bars followed high probability setups in a down trend. Price rises to the upper Keltner band in an established down trend without breaking through a previous R level, strong short entry. Lower high in a down trend, also good short entry. It's rare for a strong...

If you're scalping, why a .50 stop? The opening resistance was 70.59 (.29 stop). Sometimes your trading makes sense and other times you are just totally random!

I recommend a larger target if you're putting in a .50 stop loss. At least .50 target or better.

No argument there. I recommend never placing a stop on CL just outside a level such as a pivot high/low, or a key bar's high/low. I always place my stops at, or 1 tick inside, the key price. I had a stop loss hit on CL last week 1 tick inside a twice-tested resistance for exactly what I...

There are some stocks that have major moves following almost every earnings call (BIDU is a prime example). I'd appreciate some input from anyone who plays these high flyers pre-earnings via straddle/strangle. Do these plays generally work out pretty well? Are there any particular entry...

Thank you for your reply. I've been giving this a lot of thought and realized I "made hay while the sun shone" and shouldn't expect every day or every week to be on par with a record day or a record week that came as a result of certain price action with which I felt extremely comfortable. I...

I picked up NLY 5/13 @ 15.95 after it dropped off from the earnings miss and the May crash, looking to add to the position @ 15.00 (long term hold esp with that 15% div). Came close, but then rallied right back to the pre-crash price. That's a sign everyone's going defensive IMHO. For day...

When Cramer put in a sell recommendation on equities Friday, I had the same thought :p EON, do you strictly trade crude intraday, or do you swing positions?