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the main reason why i got stopped out of my short position early in the day is b/c i didn't have those fib lines drawn in at the time. i was just eyeballing it. had i drawn that in i'd have been more confident in my trade and perhaps stayed in.

i start from larger timeframe and work myself into smaller ones. attached is an example how one can use fibs even in 1 min timeframe. this method is what Shopster goes over in his thread. basically i draw fibs in all timeframes throughout the day whenever i see peaks/valleys made. at...

fewtrs. dont let his lingo confuse you. just plot fib retracements like he does on CL chart everytime you see peaks and valleys. it doesnt matter which timeframe you use, 1 min, 5 min, 15 min, 60 min, it doesnt matter. after awhile, you'll see IT. i recommend Scott Carney's book...

i shoulda known better than to expect chopfest when the pivot range is so tight like it is today. it's the tiniest range since i started using it.

IMHO, this thread is one of top 5 on ET: http://www.elitetrader.com/vb/showthread.php?threadid=223293 i use the same method day in day out.

here's the thread, but the book is better. http://www.elitetrader.com/vb/showthread.php?threadid=170318

man, if BCE is reading this thread, he's probably laughing. this is total BCDE action.

thanks for the moral support, P! you're absolutely right. i should be grateful and i am. Monday indeed is a new day!

ok, i sound like a broken record now. out flat. crappy day. for me at least. i think i made enough for a dairy queen meal. and some buffalo wings at hooters. i'm done for the day. out of sync all day. gave away good trades for pennies on the dollar.

bastards stopped me out. broker called and said he loves me even more now. long at .48.

long@87.55 add: hoping for an inverse head n shoulder here. stop placed at flat now(13:29 eastern)

i plot the overnight OR also just to see where it is. it gives me a secondary cushion or barrier depending on what position i'm considering taking. good call by MF on that 88.30 short. i was hoping it'd come back up to the .20s but it didn't. oh well...

i dont smile EVERYday. :cool: i use other tools besides ACD method. fibs, pivot levels, chart patterns. ACD is useful but it's not my only tool. you've got to know how to trade than just expect green/red light from a range method.

just fye: http://www.bloomberg.com/video/75574158/?cmpid=bit

YES, depending on where you have the OR.

where do you get these pics right on cue? lol

sorry bud. next week! today is a classic CWS day. if i had just held onto my 89.35 short, i should be up easy $$$. :mad: :(

out at 87.40. not gonna get greedy here. i'm just glad to be on the green side of the fence after all that chop trading from my end.

one last try. long at 87.01

out at .40. pure garbage.