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9:21 on the 3-min chart? My friend calls that one the "up yours" candle :p I took that candle long, BTW. Got slipped a tick on the entry, but who cares after that move??

What I love about this contract is how quickly you can dig out of a hole. I start the morning down almost 30 ticks and now I'm up well over that amount.

I was busy posting here and missed it, but that 9:05am ET bar (shooting star or F/U candle as my friend calls it), was a sign of a potential long play. It looks bearish and in fact it is bearish when in the direction of a trend or at an extreme after a very strong trend. But internally like...

Earlier I kept positioning myself for a breakout, but no go. Had a long on a stop and reverse that just gave 20 ticks, then more b/e's and finally got a runner here into the pit open, off the 1-min chart, because price was so heavily supported all morning. Oh boy, I can see I left a lot on the...

Wow, someone really didn't care much for .29 there.

Thanks, Schizo, I've definitely noticed that when I draw trend lines. What a chop fest this pre-market is. I've 8 trades and net 12 ticks after commissions. I think I need to step away or get a big picture view, because nothing has follow-thru so far.

You never know when it'll be a trend day or a chop day or a big wide range day, but I've found that by noting all minor and major S/R levels first thing each morning I can be more patient letting my trades run when indicated. Once a set of minor S/R levels is breached and price reaches an air...

No problem, I've been working on some strategic tweaking very recently and today I started taking notes again as I was trading, so it wasn't too much extra work to find the entry bars and place the dots on the chart. From my own experience as a long-time counter-trend trader, the most...

What do you mean by overtrading or forcing trades? Were you trading in the direction of the trend or against it, or were you trading in a narrow range and trying to pick a direction on your own? Laissez Faire mentioned: "...setting up dead zones, which is an area in which I do not initiate...

The chart shows my trades today, almost all with-trend. The green dots are long entries, the red dots are short. They are described in order from left to right. 1) Pullback long @ 89.63, anticipatory trade, assuming support would be established just above the earlier 89.59 resistance. I...

The problem with the word "seems" is that it reflects our opinion or interpretation of something (news, in this case). I don't think there's any harm in knowing what the news is, especially if you're in a trade and the news is causing a strong move in your favor; it would help you stay in the...

Glad this worked out well. I remember a chapter in Martin Schwartz's book "Pit Bull" where he has on a rather large losing trade and he's reducing the size and his wife keeps telling him "Get smaller, Marty, get smaller!" I think you did the right thing, reducing your risk. I don't recommend...

Just a suggestion from a former rabid counter-trend trader: Going with the trend is so much easier. I traded in the direction of the trend all day and had two losing trades. One was an early positioning for a breakout that was stopped out because I didn't use my max stop; the other was a...

I can confirm it was consolidation by the fact I fell for the triangle break (that narrow point that I hate so much and almost never trade except today) and was stopped out in full. I didn't quite sell the low tick, someone else sold a tick lower :D

Typo, Arthur. You left out the "p" in that second sentence.

eThay estbay ayway otay ommunicatecay ithway imhay ivatelypray ouldway ebay ikelay isthay.

Day trading: I rarely use a hard profit target; more often I watch to see how price gets to my profit target zone before deciding to take profits as planned or let it run. If price comes into my profit zone after having broken previous S/R level(s) easily, I assume there's some solid inertia to...

Ahh, don't you wish you accidentally forgot to close this position?

Arthur, whether or not you've already died, please answer my question: Less than a year into trading CL, I've been reduced to trading off a 1-min chart and cross-referencing a 10-tick chart. Being a strong believer in Kurzweil's theories, I fear that I may, in the not-too-distant-future, be...

OMG, this is soooo funny :p