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stopped out b/e

sh @ 82.46, sl to b/e already because it's counter-trend

The bar of that failed breakdown I exited at b/e left an aggressive long signal. Why was I waiting for more confirmation? :confused: The brain is a strange thing at times.

I see price breaking down out of a pre-market range, leaving lower highs and lower lows beneath a falling moving average. As a day trader trading off a 5-min chart, I am trading with the intraday trend today. Right now, I'm taking a break, because we appear to be forming a new range after 3...

It was funny, I actually entered via a limit order just a tick or so BEFORE the low, figuring I'd lock in a b/e stop really quick in case it failed. What happened to those 50 tick drops we used to get on breakdowns???

That was a waste, shorted the breakdown, stopped out b/e after a massive 10-tick drop :D

Maybe shoulda done the schiz flip?

Stopped out 2nd half @ 81.97.

Still trying hard to keep a higher low on the day. Trailing a 10-tick stop.

Prev support @ .93 trying hard to hold price to a higher low ADD: targeting .60 or better for remainder

Took half @ 81.96

sh 82.07, sl 82.16 EDIT: sl to b/e

The reason I asked if you were profitable is because trading something as volatile as CL without a hard stop seems rather risky. I've seen price fly right off my DOM at times. How do you implement your mental stop when that happens? You said "since your sense already told you the rally will...

The CL price action is choppy today, I haven't even traded it yet. Been smokin' POT though :D

Nice! Ivica nailed this breakout zone, too: http://www.elitetrader.com/vb/showthread.php?s=&threadid=156582&perpage=10&pagenumber=5 Hopefully still holding it :)

Are you a profitable trader?? Hey, we saw you at the game afterward. We all did the Elliott wave, remember?

That's the advantage us wee folk have. To obtain my 1.5% return yesterday I was able to get in and out of my 500-share POT positions in the time it took me to click a mouse. If I was managing millions or billions and wanted a 1.5% return on POT yesterday, I don't think it would've been so easy.

:p Just checked, no balls yet. But I attached my trades today to show how patience and trading good setups can produce a solid result without using major leverage.

GMCR's been on a breakout rampage lately. Looks like it's safe to buy 1 tick above every new 52-week high.

I think you've pinpointed the problem. You aren't sure what you want to do, scalp or capture larger moves. I had a a terrible time letting ES winners run and went back to trading stocks in my live account, and trading ES and CL (oil) in my sim account. My ability to patiently capture...