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    CL Redux

    Ok, that is more reasonable. You may get a chance at that now. Last .55.
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    CL Redux

    Good exit. Now it will bounce. No, won't get there. High at 83 taken first.
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    CL Redux

    Low of today 81.94 so I would have been filled. You cannot complain I do not tell you everything!
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    What's Worse: Missing the Move Entirely or Giving All Your Profit Back?

    Here is my take. Four versions. "Missing out" on a big market move which didn't involve a valid setup. "Giving back" profit when your trading plan did not tell you to get out. Failing to pull the trigger on a valid setup. (fear, poor discipline) Not taking the correct exit (with profit)...
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    What's Worse: Missing the Move Entirely or Giving All Your Profit Back?

    Not perfection, just a high level of understanding of what it is we are in. A trader above posted that an example of a missed trade; putting an order in, market trades near it but never fills. I do not see this as a missed trade as the operator lacked the skill to know read how aggressive the...
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    CL Redux

    I don't tend to trade that timeframe. Like I said in previous posts, I occaisionally get a decent move, but it needs to happen pretty quickly. There was a .90 on Friday, but most of my trades are just .20 to .30. I'd rather whack a bit of size on a fairly certain .20 than trade smaller size...
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    Market Psychology

    Since they've obviously missed it I'll try rephrasing: Mainstream thought and canned systems, indicators ,etc will not give you an advantage over other traders to the extent that you can consistently take money from them. You need to be able to predict future market direction. All the...
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    How much capital do you typically need as a trader to live on your own?

    I had just over 100k. I was learning and paper trading for the first few years, and burned through 25-30k per year on living expenses. You should leave yourself three years expenses, plus 25k for a trading account when you are sure you can do it. Leave yourself at least six months living...
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    ES Journal Archive (2009 - 2010)

    Yes, lets see others post their calls and take consistent trade after consistent trade. Where you are trading your target points will trade out so you can get done on 500 and above. I don't call at least $47-48 per contract per day "small", do you? Real traders can spot the other real traders...
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    quote all bears need to read.

    You've mistranslated. It means only seek battle when victory is assured. As nearly all market outcomes are decided in advance of the event, the correct translation would be to only trade when the market has shown you a very high probability of moving in the direction you anticipate.
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    What's Worse: Missing the Move Entirely or Giving All Your Profit Back?

    Yes, I had some time today so took the bait. Please see my posts in CL Redux for Monday April 26. I hope and expect that this demonstrates to your satisfaction. Good trading,
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    CL Redux

    [/B] I am sorry to hear you took those losses. Just goes to show though - I called a weak market with an ultimate target of 84 and yet people still keep buying. There was only one counter trend buy which I called here. I have been over on the ES journal also. People keep trying to...
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    CL Redux

    Anyone follow this call and make some points? 84 was hit today as expected. I hope and expect my calls today satisfy these enquiries....
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    ES Journal Archive (2009 - 2010)

    16 trades out, new highs ES.
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    ES Journal Archive (2009 - 2010)

    This is contrived weakness. ES will now take out 1216.
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    CL Redux

    .75 was hit, high was 77, and we've been in a 62-77 range for the last 7 minutes....
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    CL Redux

    75 hit now! Howzat!? Finished making predictions. Hope you guys enjoyed. This was 10.18 EST. Pay close attention. If you traded massive size you'd need to be taking your profits into the falls as the selling came in. In addition to short covering - large traders taking in short lines...
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    CL Redux

    Out 58 +17 thanks. Expect next price .75, then sideways. Market getting tired now - thinking of calling it a day.
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    CL Redux

    Orders were in at 35 but no fill. hit market. Long 41 counter trend trade tight stop expecting 15 cents.
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    CL Redux

    Thank you. I am glad you like it. Do people here trade NG also, or shall I limit commentary to CL only?
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