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LMAO! You are the cowboy trader and I'm one of the lemmings running off the cliff, ha ha! Now I know who's down there causing trouble when I sell a low tick :D

Looks like you have that chance here. I just day trade it and follow price, so no opinions where it will go from here. EDIT: I will add a technical opinion though. Generally when price double tops and breaks down the 20-day MA and closes below it, a test of the previous support is in the...

Schiz, we ARE trading together! I covered my long scalp @ .73 :)

I look at the S/R levels on the current contract's daily chart. For today my S notes were: S: 91.10 (also 20-day EMA), 90.26, 89.28, 88.45

There's only one explanation for this kind of technical precision: Bots :eek:

5-min chart, flat 20 EMA, 89.55 previous support. Watch for resistance there. OK, done thinkin' now, back to tradin' :p

Picaso, friends don't let friends think and trade!

OK, I counter-trended long a while ago and it was a scratch, flipped short with the trend and another 50 ticks just thrown at me. When key levels break, the next key level is in play. Go with the trend.

Ha ha! So far I don't see a counter-trend move whose entire range matches my smallest with-trend profit! Ahhh, that friendly trend :D

OK, since the net result of holding my initial short and covering where I just covered my last short, and the net result of my last 3 trades in a row are absolutely identical, I will combine them and call it a new record: 174 ticks Spitting money today guys, make hay while the sun's shining...

Yes it was! A new record individual trade for me. That's exactly where I covered :p

Pick one or two and trade them exclusively. I sent you a PM.

FFIV was running up on raised guidance in the past. This time, they didn't raise guidance and when that happens the high P/E ratio of these high flyers loses its attractiveness and the institutional investors tend to bail on their positions, selling every rally. "The results were...

I really miss you telling me to stop trailing 10-tick stops and taking profits so fast :p

My broken crystal ball says price forgot what 88.00 was like and wants to visit it again for old times' sake. Hey, tomorrow we have inventories and I have a special pre-inventory trade I do every week that's now produced something like 12 winners in a row (all on paper of course): About...

I've changed my entry strategy a bit and I now move my stop to b/e almost all the time after 10 ticks in my favor. My max stop is still 15 ticks on all trades. It can be less, but only in the rarest of circumstances will it be more. I think I had one or two 16-tick stops in the past few months...

Good to see you back, T! You got that right! I'm up about 2 1/2 hours before NYMEX open, then spend time noting all minor and major S/R levels, as well as levels in larger time frames, including 20-period EMA levels on the 60-min and daily chart. Then I have a bite to eat, feed the dog, come...

The reason I shorted there (91.80) was because the down trend had resumed following the multi-leg pullback off the lows, and 91.80 was a break of the teeny tiny consolidation floor on the 1-min chart. I do use stops, which I move to break even after 10 ticks in my favor and the final result of...

I shorted there too looking for a break of that 20-day EMA, but I won't forget I have a trade on :D

.04 was my long, bailed b/e on the failure to break previous R, but then, while I stepped away, CL stealthily ran right through it! Only 3 b/e trades out of 12 today. I love how previous R (.19) became support by 1 tick just a while ago. Today is one of the most technically obedient days...