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+$542 Dismal trading on my part in that I traded less than half my valid signals today. Picking and choosing, I left behind 4 of the best moves of the day :mad:

They did! They told me to enter a buy stop at 73.44 (the bar where EON longed). I don't listen well!

Actually, Picaso, the proper counter-trend entry was signaled @ 72.80 :D :D :D And this short-only babe is also gnashing her teeth upon her hair for not going long anywhere! Not even a breakout of the Globex high!

I think a while back he said ES had to drop to 1020 before he became concerned. I'm looking to go long @ 1020.00 :cool: (j/k AW - XXXOOO)

The market's been swinging back and forth since April highs, so I now trade swings rather than "sit on" positions. Some examples are I bought IRR and NLY when they were sold off after the May crash, collected the dividends, then sold them when the market was extremely overbought not long ago...

I was using a lot of nasty words after yesterday's close and my husband informed me Mercury was in retrograde.

+$201 The durable news moved price too quickly both directions for me to play (though I bracketed it in sim and made a very fast $275). I then waited through NYMEX open, market open housing news and crude inventories before trading. When I saw price rebound off the inventory news I had a...

Replied in CL Redux.

I'm posting this here for Oracle rather than in the ES thread where he had his post: Wed 10:30am ET = inventories. DO NOT TRADE RIGHT THEN. WAIT. Whatever price does initially, do the opposite. I had one CL trade today, long, and what's really crazy is I went long after 50% of the news...

Posting chart for my Skype group and anyone else to compare my 6:55 and 7:00 bars (9:55 and 10:00 ET) to yours.

I have no idea what the actual news report is if I manage to get an order in edgewise when price starts moving. I just trade in the direction of price. I can pretty much figure out the news was good or bad based on whether I bought or sold to enter.

I'm trading 1 lot and you're trading 5; damn, it really is summer! What happened to that "flash crash" volatility? I'll never forget May 7 when I was looking to "scalp" 5 pts, took profits at 15 pts, and left 10 more on the table!

When I enter a momentum trade (based on news or a breakout through a major level), I don't even glance at the chart. I have previous S/R levels in my head and I follow the price action on the DOM and nothing else. I find this method to be a hindrance on any other type of setup, though, and...

I very rarely trade ES now, but I use a 5-min chart for both, with a 1-min cross chart as a cross-reference. I trade the same setups for each of them. I like to keep my stops at or below 20 ticks on CL, but I sometimes make exceptions if the setup's really inviting. My minimum target on...

Definitely, the spirit of the book is exactly what those points say and there really is no other interpretation (though I had some good fun with WF there). Personally, my biggest losses were the result of seeing something "always" happen and refusing to see that it was not happening this...

Skype has been great for me. Like-minded traders, trading the exact same thing in the same time frame, extra sets of eyes to catch setups forming, good discussions, some heated debates, all good IMHO. Skype vs an actual shared office has the added advantage that when you call your trade, you...

I apologize for not announcing each break I took, because every damn one was good for 20-40 ticks. And in case you didn't notice, I had TWO long trades yesterday!

WF, I believe you are perhaps interpreting Douglas' book literally. Once you have more screen time under your belt and learn the nuances of the market's unique language, you'll have a more accurate interpretation of the Five Fundamental Truths: 1 Anything can happen...to you. 2 The...

- $120 Treated a conditional signal bar as a pure signal bar and took an early hit as a result. Got right back in once the condition was fulfilled and was positioned very nicely, but just before the news release price moved back to my entry price and I bailed break even, figuring I'd try to...

OW, it was just that kind of day. Full moon pending :p