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You spoke too soon - crude bounced back quite strong there into the close.

I don't understand why you think they would defend 74 - surely they would defend this 71 region which i more important. It it holds and buyers are strong this could lead to a big bounce in the evening. However, i am not holding my breath - would much more prefer to keep going with shorts...

Relax Kemek don't let that get to you or your gonna get killed in the next move. Looks like a decent price action day thus far - there may be some decent moves in the evening. Stay calm and composed and avoid over trading. Also, don't be afraid to get in on the middle of this move e.g. If...

By trailing stops effectively you can stay in a move a long time which prevents over trading and the mistake of taking an opposing position. I would now move my stop to 78.25 and take 50% off at 74. That nets you 10 or 9 points if you were short from 83-84 region and has kept you with the...

Moving stops to break even before price has even made a wave or move away from your stop is crazy to me. It will lead to many stop outs and lots of over trading. I like to keep in a position for awhile and wait to either be stopped out or take profits. No way would i move my stop until...

Daily was in an uptrend but i am a short term follower. I would not want to be long today unless price action on shorter term warrants this. We had bad econ numbers and a liquidity blast this morning - some stops were run and sellers accumulate more shorts. However, this can all change...

I think your making the mistake that price will drop like a rock and therefore every little tick up is making you more and more uneasy in your short. Remember often price takes a while to drop - people have to distribute up top and sellers start loading up their shorts. They obviously don't...

I am not following the SPY but to me that is terrible trading. You have no courage nor conviction in your trades - you will be bullied by the markets again and again until you hand over you lunch money. I had many reasons to take a short of 83-85 all warranted by price action. If you had...

I think this type of work requires immense concentration at all times. Okay some might say that a bit over the top - but i turn of TV, Music while i am trading. I try to simply focus on not making a mistake and waiting for the right set-up, watching time and sales throughout the day gives...

I doubt he has an 80% win method - i assume he is probably basing this on the last 10 or so opens. I remember when i started i always thought i had great ideas and massive win ratio trades until i back-tested my ideas. As a beginner i am sure he will not gain confidence overnight and this...

Hmm 80% of time - have you back-tested this??? What was the sample size. If you are a beginner trader trying futures with bills to pay then i sure hope you got a side job.

I agree with Kingy regarding tape reading as an essential part of trading. However, i have found that it takes a very long time before the tape starts making any sense - i find it is a good addition to price action analysis. With regard to Wave i have always hoped he is the real deal - he...

Buhahaha Sorry that one made me really laugh - conspiracy theorist. Like there is one little secret to trading that will make us all rich - talk about the grail or what. I hope i am not the only one who is rational to believe that nobody will be right at this game 100% of the time and...

Sorry if you think i directed that comment at you Old Trader, i actually respect your honesty and the good trades you have outlined thus far in this journal. What i mean is simply that as a discussion board everyone has their own opinion and often feels their method is the best way to trade...

So if someone shares their methodology we can't dispute or disagree with them. Last time i checked this was a discussion board so stop all the brown nosing. If Buy1Sell2 wants to openly inform all users that he has the correct method for trading then this is open for discussion or...

Oh right i see what your getting at now.

I am pretty sure Buy1Sell2 always posts when he is making a trade - he is very consistent and shows great integrity in that respect.

:D

What price did you sell???

Thanks mate, however i am not here to post trades anymore. I am not claiming i am a great trader - i am simply here to make money like the rest of you. As for sharing methodology - well i can give you the gist of what i do but without a real understanding of price action and the tape it...