Search results

I'm curious how HFT detrimentally affects me. I see price is in an uptrend and it pulls back to the trend line and I trail a buy stop 1 tick above the previous bar's close until the long entry is triggered by price finding support off the trend line and moving up through my buy stop (and I'm...

Volente, please start a DEMTDAYBOYZ thread and have the mods make it stay on top at all times :D

Schizo, when price approached 74.87, I put Skype on mute and shouted "Die, CL, die!" for you as loudly as I could, but it didn't work! :D

It sure is. I have some days when I really think I'm making progress toward pure technical, mechanical trading, only to start over thinking everything the next day. I did miss a chunk of the trading day today due to sleep, but when I returned, I traded only one out of a few valid signals...

+$6 Watched $480 evaporate over 3 trades, two early range shorts that came right back into the range. I took a 2-hour nap due to staying up way too late and missed the large move up. Took a later short off lower highs that showed $160 which also evaporated. Have a good long weekend all!

:)

With-trend, I always have a mental target zone, which is the test of previous support or resistance. This must be at least 20 ticks or I won't take the trade. I expect price to break this level and make a new high or a new low, but if that S/R level holds, I may exit early on a reversal signal...

My point was that he averages down, but has a plan to exit when the price action voids the original setup. He takes the loss and re-evaluates. "Wasn't this a losing trade?" Yes Was Ammo a winning trader here? Triple yes. Until you've had the experience where you assume price will do...

You are NEVER "really sure". If there's one thing to learn NOW, to believe with all your heart and make it part of your very core as a trader, it's that you are NEVER really sure. On any given trade, ANYTHING can happen. What if you are "all in" because there has never been a better...

Having been burned badly many times in the "major resistance, way overbought, can't go higher, well, at least certainly can't go higher than X" couldron, I can provide the following conclusions from my expensive experiences: Support and resistance are the prices at which the opposite camp...

Thanks! I was just amazed when it was all done. (Though I did whine a bit about leaving $$ on the table by not just holding the long...)

There were several clean pullback long entries today: Just before NYMEX open, then the 9:25am and 9:40am ET bar breaks, then the 10:45am bar break. Upside b/o's weren't bad either. I accidentally traded through ADP (thought it was 8:30, not 8:15), and was fortunately on the right side of the...

+$767 I was in a trade through ADP news thinking ADP was at 8:30. But I ended up on the right side of price. Finally, an error in my favor! I had a nice stop and reverse out of that short and into a long (Schizo should be proud). During the midday mush I took a short position that required...

The big problem with this trade was that "uhhhhhh hello dummy?" is an inappropriate profit target. Once you master both price action and technical analysis you will learn that the proper technical price action target on any short position is "somewhere lower". :D Your stop wasn't survivable...

A. "I could sell at this point for a small profit, but..." Q. What is the first thing a trader says before taking a major hit? j/k :p Is Mercury still in retrograde or are the mean people getting to me again?

LMAO! I'm tired of CONSISTENCY! I want the BIG ONE! I want to be the one who shorted CL today @ 74.42. (I did.) And then held it till now and is still holding it! (I didn't and I'm not.) I'm sorry to disappoint, but I'm not (yet) the Queen of Price Action because I don't trade all my signals...

This was Week 1 of the beta version mini-me CL trading ATS. It's doing what it's supposed to do when the order management works right. Still bugs to work out there, but I'm pretty sure it will easily out-trade me once it goes live, because it never takes a break :p

+$402 Although I have no excuse for not trading crude's 2nd best move of the day, I do have an excuse for missing the other two best moves of the day: I was away from my desk :p My apologies to CL Redux for not announcing my departures, but honestly the price action was so range-bound...

I have 3 witnesses that I stepped away from my desk for lunch just after 2:00pm ET. And now I see this!

Are we there yet?