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At this point in my trading career and modern markets behavior, it's time for me to focus on just one futures symbol for intraday trading. The combination of methodical price movement and greatest liquidity of all makes ES the logical choice for me. To each their own, everyone has different...

The absolute last thing in this profession you want to be is someone else' liquidity. Everyone buying today's high-volume downtrend was on the wrong side, and they literally transferred money out of their accounts into the accounts of traders who were selling into a high-volume decline...

I spent two years' research time and $6,000 on RINA software (add-on for TradeStation charting) in 2003 - 2004 to learn the very same thing. One of many reasons why so many traders fail... they resist the known paths to success while wasting time chasing their tails down a bunch of others.

I know... the result will inevitably be an extended string of consecutive losses that draws down account past point of survival. This foolish notion has been computer tested to death by aspiring traders looking for shortcuts to success. There is one path to long term trading success: learn to...

$2,150 in two weeks and $4,150 in Jan per CL contract is minimum wage? Where is your real job? I can see it's not trading. More importantly, CL or ES don't restrict you to one contract max. I happen to trade more than that. Someday, maybe you can too. Most importantly, I recall the rules for...

To demonstrate profitable trading in real time, I chronicled the past ten sessions of CL activity in YouTube for posterity. The results are as graphed above: six profitable sessions, four unprofitable, profit days bigger than loss days. Gross $$ results for the two-week stretch were +$2,150...

The reason for that misconception is, struggling traders think = feel they need to "win" every day. Many emotional reasons for that. Because they don't have a rock-solid belief system intact for their approach. The first day it loses money, they inwardly fear it stopped working, will never...

CL trading is done for today... profits booked, price action is roached out via FOMC blather until tomorrow. Platform shut down, mission accomplished successfully as usual. Nothing more to think about far as markets & charts & trading (aka "work") until next session, then we do it again as usual...

Years ago, ET was rife with frustrated failed traders like Shakira there. But time passed, she's dead & gone from this profession, some of us still remain. I'm sure Al Brooks has something of value to share, anything based on price action is quite frankly the only long-term, lasting edge in...

I expect to flirt with the seven-figures mark this year across all accounts I trade for futures, and I'll tell you exactly how CL will play a big part in that... Work two semi-correlated charts such as 500-volume and 100-tick (or any similar combination) in tandem. Mark the pertinent S/R...

fade-traders don't last one big trend day in CL before wiping out. CL (and NG, GC) are dual-edge swords... they move so fast and cover so much $$ distance in a hurry, it triggers all the greed (negative) emotions in a trader. You need to have your head on straight and firm grasp of your...

yes, I've looked at NG too. It trades somewhere between CL of old and GC of late. Anyone looking for abrupt, explosive moves can sure find plenty in both :)

so far for the month of Jan my intraday efforts produced +22 points ES ($1,100) per contract and 400+ cents ($4,000+) per contract with one full week left to pad those stats. the difference? many ES sessions were 6pt - <10pt session ranges, sideways congestive wedging. The only volatility in...

historically and by that I mean prior to Nov 2012, CL futures would commonly range $2,000 - $3,000+ per contract intraday, with several different $1,000+ oscillations inside. So once you got the hang of things, it was pretty easy money. from Nov 2012 to date, volume and volatility have...

Perhaps that mental limitation is what holds you back from getting over the hump of failed CL trader to a successful one? three sessions into five (or ten, if I feel like it) documented for posterity. Two-lot orders, almost always staggered entries with second add as price moves in favor...

I have several friends here in my very rural area who left their fathers' struggling dairy farms, attended a "crappy little college" Cornell University instead of some prestigious ivy-league school. They majored in modern agriculture, came back and took over the family farms deep in debt, and...

trader message boards... some things never change, no matter how many years or decades pass by :)

not at this stage of my life, I wouldn't. $10 million would mean nothing to me if I had to stay in some large metro shit hole with nothing but concrete, asphalt and people piled umpteen stories high when I was younger, sure. But now if I cannot live life doing what I want where I want, money...

you make a number of assumptions there... first of which is everyone lives in a large metro area where such salaries (and corresponding expenses) are that high. Lescor lives somewhere in Canada, many of us live in small rural areas where no degree on earth offers a salary much greater than $100k...

Volume and volatility sucks in all markets, but that's part of the endless cycle. Seen that in 2004 - 06, and 2010 - 13 in segments. Dead sessions are more numerous, real moves less frequent. Some days are a total waste in certain symbols. We work harder for less returns than during the peak...