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There's no fixed % one or the other; I take the setups on either of them when they're most inviting. As of last week, I've been trading 5 ES instead of 1, so I made more profit last week on ES than CL.

Blotto, nice to have your input. I have a full day to trade tomorrow, and look forward to your analyses!

Stick with it, Incy. CL has everything a trader needs to be happy: decent moves in even the sleepiest markets; quick results; pain cut short quickly; technical perfection.

36 pts? Not ticks? Were you hurling 30 cars? :cool: My head hurts now.

The market generally doesn't offer a nicer reversal signal than a 1-tick failed breakout (2:05 pm bar), followed by a triple bottom. What kept me from going long @ 83.92 when the 2:10pm bar ticked above its opening price was the previous shooting star beneath the falling 20-bar MA (2:00pm...

198, take a look at the 5-min chart from the overnight pivot low (5:35am) into where you went long. From the pivot low there were 4 pushes up and only one of them had any real conviction (40 ticks or better is what I consider some conviction). At 8:35am, price failed to to test the overnight...

Just got back and wow did I miss a nice set of moves. I'll watch for a reversal signal at this point, since we're on the 6th push down from the pre-market high.

Based on my observation from last week, I'm developing a hypothesis that (on a 5-min chart) when a green bar breaks through a previous resistance point, there will be at least 1 more green bar before price pulls back, and more often 2 more green bars. I'm now watching this carefully, both as a...

It won't be a short squeeze and here's why: The only people shorting AAPL other than to catch intraday pullbacks or very short term pullbacks in the trend are retail day traders. They will be squeezed out of their positions, but their trading volume doesn't make much of a dent in the overall...

Obsession that leads to intense study is a very good thing. Someone asked me a while back how I progressed so fast. A combination of necessity and 60-70 hours a week of market immersion for about a year and a half. (I imagine I could've progressed a whole lot faster if I wasn't so hard-headed.)

I'm pretty sure Fidelity allows pre-market trading at 7:30am ET.

When trading multiple lots (not large size but, say, 10 or less), do you guys buy/sell all at once or in smaller chunks. Friday I traded 4 all in/all out, but I'm wondering if there's any advantage to entering in smaller chunks. My question pertains to the desire to get in a trade at a given...

Large losses can occur with certain styles of trading. The question to ask yourself is: Did I take a large loss because I had an opinion about what price would eventually do and I averaged into a trade in which price never complied until I had to bail, or did I take a large loss because the...

My GS target-raise top signal was an attempt to be humorous. I remember GS targeting crude $200 as it traded above $145, which was about the top. I don't mind being called an idiot, as long as I continue to be a successful idiot. :cool:

:D Pre-market June 19, 2008 POT target raised to $425. POT hits an all-time high of 241.62 at the open and commences to fall 80% over the next 6 months. Early July 2008, GS raises target on crude oil to $200. Oil hits a top around $147 and commences to fall 75% over the next 8 months...

It seems quite undervalued at this level. Most of the companies in the index are projected to earn more in 2010 and 1011 than they did in 2007, many of them double and triple their 2007 earnings.

The trigger to short AAPL is the day it tops $300 and Goldman raises the target price to $375 the next morning. That will be the guaranteed top.

I trade limits in advance in sim a lot, but trade differently live. I imagine after enough experience I'll be better at knowing where to scale into a reversal zone. Also only trading 1 lot now, except for a brief moment of 4-lot insanity Friday. Trading 1 lot is quite a challenge in terms of...

There was a time not long ago when I indeed missed trades because I spent too much time thinking about them and then they ran without me. I got over that issue. When I see an "A" setup, I'm in, no questions asked. But you stated a few posts ago that you trade crude oil, so surely you know...

I manually back tested entries stops and targets bar by bar every day for months (still do) and sim traded for months as well strategies based on what I found, looking to pinpoint the most profitable way to enter, place survivable stops and achieve targets. The manual bar-by-bar analysis helped...