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Crap that was quick I took profit .51, I want to hold but they have bought it every time. EDIT I think I will short .47 with a tight stop and see how it goes.

I am short .69, hoping the buyers will finally give up. Stop .85 soon to be .76 I hope

Don't see which one you mean.

The buyers are pansies, but the sellers are bigger pansies.

What exactly do you mean when you say that "the driver is already in place"? And when you say "volume flags" you just mean that the pushes down have been on higher volume?

Are you looking for volume confirmation at this level as well? I keep volume on my 25t and have found it can be quite useful despite the small scale.

Nice call on that DC .. I longed .34 just prior to the breakout (very nice pennant on 1m), and closed at .84 (went to the bathroom while the trade was on, and closed manually just after coming back--makes me want to go to the bathroom every time I take a trade!).

This move up is weak, relative to previous selling pressure, IMO. I agree that it looks like what you call a "sucker rally." Then again, I'm only watching it alongside CL, which is what I actively trade, so I'm not really that in tune with the equities.

Today I have had a +50, +49, +40, +25, +23, a couple other smaller winners, but it's the 12 losers of 10 ticks or so that have made it only a so-so day so far. I have been quite sloppy with certain trades. Looking forward to hearing your thoughts later on BCE. And yes mac, this is one of...

Seems no faster than usual to me. Maybe they upgraded your internet :D

I do as well (1m), but find it sometimes obscures my "big picture" view -- do you use a daily and hourly perspective and then time trades based on the 1m? (when you say below, you mean a tick-based chart?)

We keep on knocking on 83's door and it keeps slamming it shut. Though we did settle nicely at the highs on Wednesday, the volume up still just looks weak. However, the true sign of supply and demand (price) still says up. Until the lower trend line on the 60m is broken to the downside, we...

XSpurt, Do you ever drill down below 5m and look at 1m charts, or do you find it too noisy? Or are you a primarily longer term trader?

Nice job today!

The thing is, as I was sitting there with my .40 long, I watched it go into profit +40, and then helplessly I watched as it went back into negative almost -40, and I just feel like one of those "buy and hold" investors who is essentially at the mercy of the market. One of the reasons I trade is...

Sounds great to me. I actually wound up down on the day. That many on one contract is actually fantastic. Where was the bulk of that made mac, or was it spread pretty evenly? EDIT: and, how many trades did you take?

Ok guys, I posted this earlier today. How much easier the day would have been had I simply left that trade on and walked away (though it was a sim trade). My premise was correct, I would have avoided the chop, and been a happy camper...

Tried short .52, out .55 -3 Tried short .72, out .76 -4 Currently long .97 :) ADD and out .95 .. talk about bad trade timing... should have been long, long, short.

Thanks buddy. Do we stay long and wait for yday's high? I say it's a good time to reverse short if it pops one more time, to .55 or so.

Long .09 stop .03 ADD Out .34