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u managed u get at the top . whts the stop?

Correct but dont you all think if one follows system everytime, he risks 'overtrading' and falling in potential pitfalls generated my bigger players especially in volatile markets? Ive been consistently profitable by achieving my target and getting away from the system. Even as of now, I...

@spanish89 wht about you bro? did you exited your earlier short?

we just entered the 'rectangle' exit anywhere here :) btw I am amazed how the mkt exactly followed my pointing arrow

we just shot past the resistance so its completely bullish now a confirmation is uptrending channel in 60 min chart(cant post pic coz numerous lines of shorter time frames crowding pu the workspace) target 4350

next target if resistance is broken

still holding its support

any resources/articles/books where one can learn spread trading?

hey why dont you join us here http://www.elitetrader.com/vb/showthread.php?s=&threadid=134046 quite alot of us oil traders are there and would benefit from your calls

call acheived

what i think

My rule is "After inventory related fall starts consolidating, look for buy oppurtunities rather than sell" By consolidation I mean market stays within a range for good 20-30 minutes. Normally at this point I would already have bought with a tight stoploss but as my targets are met, I am...

I am a daytrader and trade crude oil. I have my own targets but I want to know what other people consider to be a reasonable amount of target daytrading volatile markets like crude oil. Please tell me what should be the daily target if total account equity is 1)USD 20,000 2)USD 100,000...

i have completed my target for the day and I am out and btw purchased a nokia e90(instead of htc touch pro I mentioned 2/3 days back)

Rofl hilarious

cant say anything. Everyone person has his own strategies and view of market. Take your specific style and ponder on it during aftermarket how you would have traded the market movements, what could have went wrong and what you can do to improve

it is not bad luck You need to change and adapt your trading style to different market conditions. You need to work on a setup which works well in sideways market

which forex broker do you recommend? and hows everyone else doing today?

whts ur stop loss?

lower time frame charts can be misleading in predicting reversal unless you are complementing them with patterns on longer time frame charts. More importantly, we are witnessing higher lows and higher highs over the last 2 hours. If I were you, I would be very careful before going short