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Honestly, I think this is the hardest part of it all. Crack this and you'd have a decent shot at automating a profitable system. I've tried X bars back type of logic and I can't nail down anything consistent.

While you are here, you might as well (if you don't mind of course).

Unfortunately, I am stuck here. I feel like I am in a rut with my trading lately. Not because I am losing, but because I feel like my setups aren't ironed out to the point where I could scale up and really make a solid living. Is trading a TL break really a valid setup? I guess I don't know...

For better so far!

And of course there's old faithful:

What's up everyone. I wish the CL traded like this all day every day, but man when the trend is clean and clear it is a great thing. I have been revisiting the idea of 50% retracements and "measured moves", and have been taking screen captures and jotting down notes. I don't think...

Rangy day so far guys, I hope nobody is getting whipped too badly! Some people make a killing on these types of days.

It's good to see more execution charts on here. Great trading! I didn't get anything but table scraps, since most of that selloff took place on my way to work. Still, it's a great chart to review! I may go back and watch it on replay to see how the volume and the movement unfolded.

One thing I have noticed (at least with my own stats) is that the 7:00 hour tends to be the hardest hour to trade for me on the CL. There is usually a decent trade around 7:05 PST and one just before or at 8:00 PST, but I've found the hour in between to be choppier than most. Do some...

I'm with FoN. If I reached my minimum daily target on the ES with 11 cars, I'd OWN 11 cars! :p

Sorry, I tried to post it as quickly as I could. My target was already hit by the time I posted though...

Let's get back to price action, shall we? on the ES, I'll be looking for resistance up around 78 evens. Until then, I'll be watching for bearish TL breaks, along with volume confirmation and NYSE TICK confirmation. To summarize, I'm bullish up to 78's unless we blast through and then I...

I said I wasn't full time, that does not mean that I am not profitable. It's easier for me stress-wise to trade while still having a job. Surely I'm not alone in that camp.

No worries, I'm sure the end of the work day was making me testier than normal ;) I just want everyone here to know that I'm not pretending to be something that I am not. I'm not a full time trader, but I've been staring at the same charts for while, and I think I can help :) Oh, and in...

It's an indicator that a buddy helped me code after I had been fiddling with volume indicators on ThinkorSwim. It's really nothing too fancy, just "if volume is greater than X bars back and is also X percentage greater than the last X bars back". I haven't found a setting that I love yet, but...

So you feel that certain MA's can help "draw" trendlines for you? If so, do you have recommendations for people? Are you using crossovers, or an "if price is above I'm bullish, and price is below I'm bearish"?

3 trades, and then daily target hit so I stopped. 1. Textbook for me, with us breaking a TL and breaking the price where the last volume spike came in. I tried scaling in on this one and it worked so-so. I'm including the scale-ins as part of this one trade. 2. Trade 2 was a loser as I...

I took EVERY ONE of these trades and exited at the EXACT perfect spot...... I am a CL Wizard.... Seriously though the point of my post wasn't to show how amazing I can draw trendlines after the fact, the point was to show the amount of opportunities one may have if that is the strategy they...

TONS of trendline breakage on the CL today, if that's your thing of course :) With a R:R ratio of almost 3:1, one would hope to be able pull at least SOMETHING out of oil most days of the week.

I don't mean to complicate things too much, since most of this discussion is about TL's and channels. However, there are some great strategies that involve looking at 50% retracements for entry as well. Although I personally never mastered it, I know of people that trade them exclusively and...