Search results

I've set my exit at 45.7 and stop at 48.7 I am gonna get some sleep. Will be back on later.

Yeah the market is strong, but I have a feeling are going to get a pull back. We have hit the top of the wedge. I just went short again 47.70

holly crap, it just overshot my stop at 47.85 and ended up with -$567 loss

I just went short 1 APR QM @ 46.72 with $1 exit/stop.

I don't know what's more disturbing: the fact that this incoherent idiot was once in charge of our central bank or the fact that he is able to get such sympathetic support from higher echelons of media (Wall St Journal, CNN, etc) considering what he has done. I suspect with the help of a...

I was planning on going long around 43.50-44.00 this morning but was surprised at the strength of the selloff so I just remained on the side line. Basically I was waiting for a double bottom around the 43.75 levels before going long and that never happened. Instead the market tanked another...

:D As always, I like your sense of humor. I am going to start trading again this week. Taking break for two weeks helped me put things in prospective. For one thing, I have realized that swing trading might be a better suited strategy for me instead of day trading. From now on, I'll be...

Well, I got stopped out 37.75. I am taking a break from trading. Good luck to rest of you guys.

I hope so guys :) We got a nice cup and handle on the 5 min bar. I have a gut feeling, no matter what the inventory numbers will be, the market will rally, because we've been down for almost 2 weeks and need an excuse to rally. We'll see how it goes.

If I lose this trade, i will stop trading for awhile. I've set stop @ 37.75

lol it drops by .50 as soon I go long

I couldn't wait. I just went long 1 april QM @ 38.75

i am looking at that too. If we pull back to 38 area and form a base, we'll have a bullish h&s on hourly bars

Good job! I want to go long too, but my losing streak has shaken my confidence a bit. Now I question myself before placing trades.

"Bottom line, nothing has changed," said energy analyst Stephen Schork. "There is no way to construe the current fundamental picture anyway other than bearish." This is a bullish sign.

Everyone uses IB. It's the best broker out there, especially for a typical retail trader. Don't pay attention the charlatans posting nonsense about IB on this forum. There is always a small group of unhappy people that will spread negative publicity about a big firm that they perceive is...

Well said Spanish! And what you said about scalping is right on the money too. Scalping is a waste of time! Last week, I decided to stop scalping after analyzing my P/L journal and noticing that 90% of my profits came from %10 of my trades. The hundreds of little scalp trades that I had...

I was thinking about going long earlier too, but the activity was so similar to yesterday that gave me deja vu.

Got stopped out @93.58 and took a -$330 loss

Agreed with everything you said. The problem is that oil swings around by $2-3 every day. I have tried using tighter stops only to see my stops get hit in 10 min and then the market go in my direction. I now think that trading oil requires min of $1 stop. Anything smaller than that will lead to...