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an inexperienced trader looks at the chart and wonders exactly where to get in. an experienced trader looks at the chart and sees several potential places to get in long and short, depending on what price action does next. same as playing chess... new players agonize over which piece to...

that's because the 1min CL chart with key S/R at 93.82 is same key level on a 500 volume, 200 tick, 5-range or any other chart. now when all four of those varied charts break = confirm that level as a short entry at different times... it is the same general trade expressed from four slightly...

HFT churn. Volume surges at the open & close account for that, otherwise ES sits in five-tick chop ranges unbroken for two hours straight, day after week.

lol! ET is still chock full of comedians... some things will never change, no matter how many years roll on by :cool: === To the point: if the offer is a hotel-based cattle call, i.e. trading this way or that, rich dads or not, flipping houses, buying foreclosed real estate, buying real...

+3pts and -1pt in this morning's ES gap & no-range tape could not overcome Day Two of no-range chop in CL and ZS. CL remains welded to the years' long 94 magnet exactly as we figured it would. When price action sucks and nothing in any chart goes anywhere, stop trading. Toss the towel...

CL: (-12 cents) ZS: (-5 cents) TF: +2.9 points ES: +12.00 points Should have just held ES & TF initial shorts from opening highs, and it would have been a much easier morning. Staccato pace to all tapes today... surge and congest, surge and congest. Final ES short sequence took me to par...

Most aspiring traders try this profession because it has the allure of quick results to go with a glamorous appearance. The tv ads and general media ("Wall Street", "Wolf Of Wall Street" and other piece of crap movie fictions) reinforce those false images. But the truth is, it takes anyone...

day-trading options is not a long-term successful edge. It only works during high volatility periods, be that days or months in duration. a lot of traders in the past (including myself) had success flipping options like you described... but eventually struggled and searched for ways inside of...

Of course he is soliciting something... he is selling this forum the same thing every other frequent trade-post guy-girl does with zero exceptions. They are selling you recognition, praise, self-worth, self-esteem boost, affection, acknowledgment, peer acceptance, fame. All of the emotional...

-$400 in ES and TF combined... dead-chop stock markets this morning, as expected. The difference was made in CL, final short position +$1,550 never risking more than -$100 at any time, which created a +15.5 reward to -1 risk ratio. -$200 ES -$210 TF +$1,450 CL Cut profits short. Let...

CL went 170+ cents further in favor beyond my trade exits, while ZS progressed 15+ cents beyond exits as well. Trade entries can be a group choice… but trade exists are always an individual choice. We all manage our trades in different ways. Overall, just the first session in yet another...

CL went 170+ cents further in favor beyond my trade exits, while ZS progressed 15+ cents beyond exits as well. Trade entries can be a group choice… but trade exists are always an individual choice. We all manage our trades in different ways. Overall, just the first session in yet another...

mrb... you still take this place WAY too seriously. How many years have you been rehashing the same old hash with multiple 1,000+ word posts? the key words OP used to begin with was "one week"... soon as you read that, it was dismissal from there.

Trading CL is perfectly fine... just like any other futures symbol of personal choice. But the days of CL being far superior to all else are over with, forever. Unless the Dodd-Frank Act laws of large-spec limits are redacted. The term "comfortable" is relative. Comfortable to do what? Trade...

The Russell 2000 (TF) very often slips -1 tick on a stop, because it is rather illiquid. So the listed spread versus reality of fills are two different things. Bars on a static chart tell very little about how they actually form in real time with real money at work. As for price action? TF is...

CL had been my preferred market until recently, but current price action does not permit scaling into multiple contracts positions. Nor can I really feel comfortable about placing numerous contracts outside of congestion breaks and/or pullbacks the way price just violently explodes. I can see...

Years ago. CL daily ranges used to be 200+ to 300+ cents wide on a regular basis... with occasional ranges of 500 to 1,000 cents inside 24-hours. Now look at the average daily ranges for past year or more. 200 cents is uncommon, 100+ cents common and less than 100 cents overall quite common...

imo that's not exactly what's happening lately. CL liquidity dried up when many of the former large specs (banks) got regulated out by max position limits. That was followed by the futures prop traders who used to swing 50 - 200 CL contracts per trade, but to my knowledge those firms all...

Definitely... that's about the only way CL can be traded at all now. Prestage breakout orders from congestion into algo-spike explosions, and hope it follows thru instead of chops your stops. There is no deliberate price movement in CL now during directional moves. Everything is outright algo...

21 trading sessions per month x 150 ticks/cents CL @$10 per tick = 3,000+ cents or +$30,000 per each single CL contract monthly profit. So this guy is hands down the greatest CL trader to ever open a brokerage account, and he just so happens to spend his idle time posting on an anonymous...