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I'm out for +5, not interested in a back-and-forth here.

Long .61 looking for 99.00 if it can break the high

I'm out +20 at .59, this needs one more leg down IMO.

I'm long .39 stop .32 for 99.00

Nice job, I should have jumped in when I saw it about to break... This is looking pretty weak... 10K contracts in 5 minutes (granted equities open) is a little high to me for healthy strength.. may see a nice pullback, but odds certainly favor upside I suppose.

Good lesson learned Tonk--my stop got hit on the high tick on a short around 8:22 this morning (.78). Very discouraging, but I immediately re-entered short at .67, I think because I knew I had just been shaken out and the direction was clearly down. This afternoon, I suspected I had been shaken...

Mark, it's cumulative delta. I do not use it very much, but find it useful sometimes so I keep it on the chart. I'd like to be able to remove it from my chart at some point but for now I like it. -Josh

No, I was looking for a deeper pullback before I went long, and the action going up was quite weak enough that I looked to take the short, which I posted earlier.

Thanks Mark--this is a current problem in my trading, not just this trade. I have calculated that if I have my stop 4 ticks higher on average per trade, then I would have a MUCH better win rate. The stop in this trade is definitely based on S/R levels, and given the same trade again, I...

Maybe it's me but this has all the makings right now of a fakedown (if it breaks down) and strong push back up.

Big bids at .02, .03, .04 .... i think they will pull and show they're BS-ing... then .. fakedown or breakdown?...

Ok I know people are rolling over to september, but 50 contracts a minute, c'mon, I'm falling asleep here :D

Here is the result on the trade. I would take the profit at this low, as .06 was my original target, due to the fact that it's a nice round number it's finding good support, and the other black lines to the left need to be broken down. You can see how important good stop placement is, which I...

I did not get the deeper pullback I was looking for to go long, so I'm trying a rather aggressive short at the previous resistance. Win or lose on this trade, the risk is very quantified, and I like my setup criteria, so it is worth the small risk to find out if my premise is right. Update...

Here is a real-time example in CL that is similar to the charts I posted of TF the other day... notice how the down thrusts are getting shallower... the good volume to the upside and channel breakout have now shifted my focus to looking for longs. Looking to buy on a retrace near the bottom.

When we're talking about a basic methodology like trend lines, it's obvious that the logic of the strategy gives the "edge" -- the "edge" is just a greater probability that one thing will happen versus another. The basic nature of a channel or trend is such that an edge is inherent--the very...

Bruce, I'm not the poster of the chart but was doing some analysis anyway and here are my charts of the same day. Remember this is all hindsight which is always 20/20. I did this as I would try to approach it as the chart unfolds. Chart 1: We obviously see some weakness here at the top...

This is tricky, because good traders often seem to know from experience that they're wrong before the full stop gets hit. I think with my current performance, that if I place my stop loss 4 ticks away from where I think it should be if I decide to move it early, then I will be much much more...

It's a 25 tick. I don't really use it for entries per se, but it helps me see inside the bars, particularly during fast times. The 1 minute was showing a nice bear flag, on progressively lower volume. It had touched the 1m EMA as well. Classic low volume bear flag pullback, I was just a...

Keeping the losers small without cutting off a good trade when the market retraces to the entry point is my biggest problem right now (see my last post). Thanks for setting a good example and good job today!