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It wasn't lack of patience; it was allowing a previous trade to influence a new trade. Last week ES trade moved 4 pts in my favor and I was patient, allowing to to stop me out b/e. So today when it double bottomed without my fill, I wanted something out of it. :eek:

Out @ 1178.50, p/o'd that my 1177.50 target was touched more than once and not lifted.

Just woke up and my short trigger price from yesterday was actively in play. SH @ 1180.50, stop now to b/e.

I like the AMLN setup. Are you looking to buy @ 23.94?

If you've been eyeing it for a swing trade, why didn't you buy it when it broke through Thursday's high? Or are you looking to short it?

So you invest $2500, and they return around $500-$625 to you when it's over? :D

+$347 Today reminded me of the importance of taking all setups, not picking and choosing. ES set up in pre-market, I let it go, missed a 4 pt move. Looked to catch some "market creep" on ES just before the news, no follow through, got a tick out of it. Had a nice POT trade, frankly...

It appears someone put up a deflector shield at the HOD.

I guess it does, because that was my thought as well.

I (non-men) made nearly $8 two mins before the news. Beer's on me tonight. Might short a breakdown through the range low if I like the look of it.

Don't you just love it when you nail a top? :D

You still holding your long, targeting 85.95? You may want to raise your target.

He's worried about me, Bruce. He realized I finally escaped from the simulator and am very likely a danger to myself :D :D

The reason the bulls voracious appetite left them in January was because the Greece got rancid and the China was starting to crack. Last week all the news overseas and at home was mainly positive. What is the catalyst this week for a pullback?

I can't thank you enough for the Unholy Grail. I realized that although we discuss our particular edges in different ways, we pretty much trade the same. I've given myself permission to have a much larger max daily loss and max loss per trade Monday, so I can comfortably trade 2 lots. I'm...

AMT, how the heck are you! Earlier today I was just thinking: "This is the kind of ES price action that's got AMT's antennae up." I know how you trade and it works, but I have to stick with my comfy style; I'm shorting every breakdown of lows until I catch "the one". :D

I love the Keltner channel. I also use it to gauge momentum. What I like to do is first of all determine the trend in my time frame (5-min chart, so I look at the past few hours for current intraday trend). If the 20-bar MA is rising I'm looking for long entries around the 20-bar MA and I'm...

Beautiful analogy for an entity that's chewing its nails over when and how to remove the phrase "extended period" from its lexicon. :p

Yeah, I just added stochs to my chart and saw that CL was seriously overbought around $82 early last Monday. That's where you should put on a long term short position, right? :D

This is a very deep statement and I doubt most traders really understand it and the incredible damage that's done by big egos. My common word of warning to counter-trend traders: You want to know where price will go? Imagine putting on a position counter to the current trend and ask yourself...