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"May you trade in interesting times."

Are you still short? There was a time once when my stop loss didn't activate, but fortunately I was in front of the platform actively trading and was able to close out manually. Can you sue your broker if you're not there to see it fail and it costs you a week's pay? I'm not averse to a...

tlow, I was worried the day you posted: "Looking back I feel like I should've taken my 10 ticks and walked away and waited for the chop to dissipate and/or the action to pick and wait for better set-ups. Its definitely a tough thing...I want to catch those 30+ tick runners but then on the flip...

Oh yeah, CL went where I wanted it to go and I guess my mental upside energy interfered with the 6E short because it was another scratch and didn't drop down to my target level until well AFTER I closed out the CL long :p ADD: Have a good day, all, I'm outta here!

When I first cranked up the platform this morning, CL was stuck in a range/flag formation. I wanted to sell 93.08 or buy 93.50, but in the meantime I traded 6E. My 6E short was a scratch on the fbo, but my CL short got triggered right after that. CL came close to my initial target zone, but...

:p :p When I got up this morning and saw the additional run up, I almost posted here, "Did they lose 5 1/2 teaspoons oil again?"

Currently, 1315.00 is the 20-day EMA - possible counter-trend swing target.

Having tested this quite a bit in sim some time ago, my experience was that the disaster stops tended to wipe out many smaller profits. I'd give it a good test run before taking it live :)

I agree, keep it coming. Though I used S/R levels as target zones today, I can't deny that knowing the news gave me the patience to hold for target instead of rushing to lock in 20 ticks profit.

I'm just a day trader and use price only. Price tells me there's news, and I learned the hard way it's better if I don't know what the particular news actually is. If traders suddenly bid price up through a resistance zone or knock it down through a support zone, that tells me all I need to...

z, I think you're better off using PA technicals, with previous S/R and trend lines getting the most honor and the 20-period EMA getting some honor (less with CL than with other instruments) 92.42 was a daily S/R level in line and price paused there for about minute in the overnight session...

I seem to have missed the call for your long entry after that post of your opinion. My daily chart shows that two weeks ago price opened around 92.01, didn't run much higher, then reversed and broke the 20-day EMA and the previous pivot low from there. Was it so clear that it was like...

You don't need chart action, just S/R levels. I've been out all day and missed the open today, but I would've been looking to buy 90.07 (break of the pivot high of the NYMEX close Friday) and my initial target zone would be a test of 90.96 and if that broke, 91.09 was next R, and if that broke...

Pete is a wise market analyst IMHO and he predicted the huge May-July correction last year about 6 weeks before it happened, only he thought it would start in July, not May. Regardless, his fundamental analysis of why it would happen was spot on, and he recently provided a new analysis of what's...

I'm confused. Do you mean a buy limit order? If there's an uptrend and then price establishes a range and you enter a buy stop below the range, you're filled immediately (or maybe your platform asks if you really want to place a stop order that will be filled immediately at market; I think I've...

Anyone can offer market commentary that says "We're in a long term uptrend, buy the retracements, don't fade it, don't call tops..." You're just stating basic trend-following rules for swing traders that have been stated for decades by authors and educators. If you want to build credibility...

Wow, that's definitely a bargain to be able to follow a maestro as he analyzes the market in real-time. Price action that leads into a strong setup can look indecisive, and sometimes downright ugly at the hard right edge of the chart, so having an experienced trader help you focus on things in...

Why WOULDN'T institutional traders/investors be buying? They're not in the business of day trading; they're investing large amounts of money for longer-term holds. Whether they continue accumulating in the middle of an upward leg of a bull run when ES is at 1330 or 1340 is irrelevant. Programmed...

89.60 was the pullback of a third leg up off lows in the 60-min/1week chart, and was the next R (from Tuesday) that needed to hold as support when 90.40 previous R failed to attract buyers. Also 89.47-89.66 was the narrow range congestion leading into the NYMEX opening breakout. From that...

Mainly I place stop orders in advance at the price that triggers an entry: the break of a previous price bar's high/low, the break of a floor/shelf in a descending/ascending triangle or narrow range, or a previous high/low in a trend. If I over think a pullback entry setup and don't have my...