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When I grow up, I wanna be like Crudebuster! OK, to be fair CL was basically flinging money by the handfuls at anyone who wanted to be the trend's friend. :D And despite the POT being really weak yesterday, I got very high, so I decided to smoke it again today. I guess I built up some...

Someone emailed me and asked if I'd post my trades because they learn something from them. The lesson today is that I'm not sure if I would've jumped in at all if it wasn't for mrbochin's news alert. Sad but true. I kept thinking price had fallen quite a bit and should be finding support at...

The only way to capture that few ticks in CL today would've been to the long side. To the short side it was throwing money faster than you could catch it :p

That's similar to my entry technique today (reversed of course). I sold @ 10:33am when price broke below the 10:25am bar's close. I covered when price overshot the lower Keltner, just sort of by "feel".

In my 5-min time frame I consider confirmed long signal a close above a flat or rising 20-bar EMA, the first of which occurred on the 1:30pm bar. After that bar closed, you'd expect a good volume of buying if there were buyers truly interested at that level, but there was no follow through.

Finally an actual close above the 20.

That's exactly right. There have been no confirmed long signals today. I don't see price closing above the 20 EMA at any point. I would like to thank mrbochin for his post. It was helpful, reminded me that it's never too low to sell a downtrend, and gave me my best day ever in CL. My biggest...

And thanks once more :)

Thank you for that.

No. That was a typo. emg took 14 ticks profit. Or maybe 24. Not 4. No. Just no.

That is usually my tactic too.

Or sooner :D

Yeah that's averaging down. The trade is easier and higher profit potential if you wait for a confirmed entry signal when you want to trade against the current trend. So far this morning I don't see a confirmed long entry signal, though we're now consolidating near the low and so there's a...

1. This gives me reason to believe you are hanging out in RW's room. If so, 2. How many times did you say "Die CF die!" after putting on the trade? :D

What have you been paper trading (stocks, futs, fx, options)? Swing trading or day trading? How large is the sim account you've been trading?

That daily bar is one of my favorite short signals. For swing traders, I'd say the better R:R is to the downside. With the market on a tear, and a spreading oil spill, price was not only unable to break through the 87.59 high you gave us, it sold off hard. At the very least, we should revisit...

Friend's birthday, she wants to go hiking, so that's it for me. I made a good week's pay shorting POT off the open. :) First trade I was waiting for price to get to the falling 20 EMA, but it stalled and I suddenly realized it was going for a test of the low, so I jumped in late. I lost focus...

It looked so strong it prevented me from re-entering a trade to the short side on the bounce to the 20 MA :mad: (Had a good short off the high, though.)

The 2-tick failed breakout (.85/.83) was a decent long signal, smacking myself for not jumping on it. Taking time to post here distracted me a bit. Shorts waiting for a breakdown of .85 got trapped, good long fuel there.

Covered @ .95, not much of a new low there.