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4 ticks slippage, damn, 20 lots??

I'm down with that! Let's roll! (15 trades, -$109) It's "pay your friendly broker" day...

No looking at a smaller time frame causes me to have 9 trades and no money :mad: :mad: :mad:

I'd buy 83.72, stop out b/e, then buy 83.79, take 30 ticks profit on the pullback above 30 ticks.

All three are excellent for that particular target. I think CL and 6E are technically very clean resulting in less shakeouts. They seem to have a certain inertia that provides reliable follow-through without a lot of "backwash". 6E seems to be the best of all of them in this regard. I...

As I recall, my hands were a bit shaky when I placed a buy stop @ 83.67, believing it could go no higher, yet knowing full well it would :p Nice trading, BTW!

FD, it was a good setup and you followed your rules, so it was not a loser, just a trade that resulted in a loss. Big difference. You called the re-entry, and didn't trade it. Full target attained on that one (min target zone 83.00). One of the more difficult setups to trade is the one...

Ego reduction

I did a couple scalps today, having practiced a lot during midday ranges in sim lately. I used the 1-min chart to time my entry so the stop could be very tight, since the profit target was going to most likely be < 20 ticks. I also added the 20 EMA back to my chart (had taken it off recently)...

Again, everything I've been told by brokers is that stops only work during regular trading hours with stocks. If you can get something in writing otherwise, I'd like to know as well. A few moments or seconds before the open is irrelevant. It's if the price was hit on or after the open that...

This is so sad, my only trade today :confused:

I finally bought this thing @ 83.67, out b/e, but am very proud of myself for truly believing this thing could run yet another point!

LOL!

Well this was a lesson to ALWAYS have the breakout stop orders in place in advance!

Yes, here are two of my Friday trades. One was where I sold 1 tick below the low of day at that point (bearish) and the later one I bought 1 tick above an internal resistance level (bullish).

Isn't that what we love most about this contract? I never traded anything else where price literally falls or flies off the DOM while you're in a trade :D

That is certainly my understanding. One of the brokers I use specifically states that. The other broker allows stops after hours but only for futures as far as I can tell because stops don't trigger in the extended hours sessions for stocks, only for futures. What it comes down to is I've...

These are the fastest, easiest, lowest risk, no-heat trades I take. I believe out of all the breakout trades I've taken this year, only three of them failed, I was able to exit two of them b/e and I sat on one for the loss because I couldn't believe it had actually failed :p I also like...

I think my view is somewhat different because you stated, "Many traders exit trades because they have been told to "use stops", with no other supporting logic." Although I use a fixed max stop (my stop can vary, but is never more than $150/contract), I have supporting logic in that my stops...

Technicals on CL right now couldn't be more gray: We're just slightly below the 50% level of the 52-week range. Price clinging to a flat 20-day EMA. Upside breakouts failed in October. Downside break out on 10/19 of the early October range failed to have follow through, but hasn't...