Search results

Closed the remaining shorts overnight for +100 ticks. So far the retrace went to 70.88 and then drop to 70.70, and I have a sell limit to open a new short at 70.78 with a 20 tick stop and 50 tick and 100 tick targets. Currently offered at 70.77 and looking for that 70.78 fill. GLYA (Good luck...

He is calling to the self he aspires to become, rather than the one whom he finds himself to be.

One of my "aha" moments as a trader was when I finally realized that trading is, in fact, gambling; and that successful professional gamblers played games with real, quantifiable edges. Here is another good article from 17 years ago...

I agree, B1S2. I closed 1/2 out at +50 ticks, and the runners are showing 91 ticks of open trade equity as of the Globex close. You and I trade a different time frame is all, B1S2. I trade swings that last hours to days, whereas you seem to favor swings that last days to weeks, or even...

"I shall not today attempt further to define the kinds of material I understand to be embraced within that shorthand description [hard-core pornography], and perhaps I could never succeed in intelligibly doing so. But I know it when I see it" Justice Potter Stewart, SCOTUS, Jacobellis vs Ohio, 1964

I consider myself a day trader, but a day for me is 24 hours, so I am not necessarily exiting at the close of the "pit" session. I hold for target or stop loss, and I let the market take as long as it takes to get to one of those prices. I would suggest, for a day trader, no interval of less...

No, Sir, I am not.

Hey B1S2! I'm short oil at 71.45 with a 30 tick stop and a 200 tick profit target. Looking for a pullback 69.25 to 69.50 for a long trade. I didn't know you had a CL journal 'til yesterday and just found it now. You limit who can see your profile so finding your threads can be a bit difficult...

I guess I view this all like the Supreme Court views pornography: I know it when I see it.

I've been trading since 1986. Don't kid yourself into thinking things have changed so much in the last 5 short years. They haven't changed much in the last 32. I've posted a decent number of trades in real time in the ES journal over the last few weeks. My win rate is far in excess of 50%...

It's all in the mind. QA is a subset of TA. But that is how I organize my worldview. If you think differently, and it works to your advantage, I wouldn't suggest you change.

Half off at 70.75 for $500/contract. 30 tick stop on the runners with 69.38 target for now.

You then do not define technical as I do. You must be talking chart patterns and such. You a quant? Then you should know what I am referring to.

That is who the question is directed to ... I assume he will come along at some point and say yes or no. Whatever he decides, I'll abide by.

Bots trading algos make money everyday. Quants program these bots to execute profitable trades everyday. It is all technical. Bots generally do not tradeon fundamental or macro reports (I stop short of saying "no bot trades on fundamental or macro data" because I certainly can not claim to be...

Can we post CL trades here? Nice short at 71.25, 30 tick stop, 187 tick target, back to the mid $69 handle, imho. I'm targeting 69.38 EDIT: Nothing special about 71.25, imo - that's where I shorted it when it became apparent that the bounce I was looking to short was not materializing.

I was on the road today and had a buy limit at 2671, 3 point stop, 17 point profit target. That double triple (6 pushes against it) bottom buy at 72 kept me out while I was blissfully unaware. My best ideas are the ones that do not trade lol. Buy the dip mode for me right now.

Why is trading so difficult? Discussion in 'Trading' started by traderGOD, Yesterday at 10:25 PM.

There are patterns of market behavior, and there are visual chart patterns. Focus on the former, and not the latter, imho. The reason I say this is that I have never seen anyone become adept at identifying the latter without first grasping the former. And if one does come to recognize the...

I get the range expansion. But why do you judge one direction as more likely than another?