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Jumping the gun without a valid entry trigger means two things: you believe you know what's going to happen next, and you think you can get a better entry price based on this "knowledge". Paper trade now until you resolve your emotional issues. Why blow real money? You need a trading plan...

I agree, based on my experience observing a 48% win rate trader for a year return over 100% on his account. I remember a day where I had a single winning trade, it was a 9% win rate day, yet it was a profitable day because the winner was many times the average loser.

I feel the same way Nursebee does, mainly because of the above. If you have definitions for what constitutes a "high conviction" trade, then it can be automated. There's no reason to trade anything other than high conviction setups, if your label is based on statistical analysis. However, if...

You know, we could become the Velez/Capra of trading porn :p

Having traded AAPL and CL extensively, and possessing a knack for finding similarities in seemingly disparate things, my first thought was "apples are a light, sweet snack and CL is light and sweet". But you must always keep a tight reign on risk when trading CL because it's also quite crude.

Holy Chart Action, Robin, we've nearly completed a Batman Formation!

Who let you out of your kale cellar? Back to work!

Correct, if you can't follow your own rules, then code them. CF informed me that he started trading oil futures live today. He's a price action scalper and I'm a price action scalper. I had the privilege of observing some of his euro trading a couple years ago when I was still in the process...

Being a lady, I tend to trade the underlying and I prefer an instrument with a decent tick size, you know. Once positioned, if there's a sign that the guy on the other side is about to pull out, I make an offer he can't refuse.

Correct me if I'm wrong, but don't option spreads allow for satisfaction without the need for full price penetration?

Sh*t!!! I'm supposed to day trading, not reading ET. But wait...if I didn't just log in to read ET, I wouldn't have remembered I'm supposed to be day trading...will there be a study released for this? Are you publicly traded, Duref?

Please post the studies so we can better determine how many down moves is appropriate before buying and how many up moves for shorting.

Then you are gambling, not trading. Trading for a living is a business; you can't just make random decisions and expect to be profitable. If feel that you can't help yourself, then you're dealing with an addiction and a 12-step program is an effective method of overcoming a destructive...

Also, there was a rumor about AAPL ordering less parts for March 2013 delivery.

When you told me you're going to trade CL my first thought was, I hope he doesn't ask me how I trade it. :p :p :p

No, I misspoke; I pay close to 5.00/RT, only 2.30/contract

Dear me, that is pure trader porn. When price acts like that, I turn to Jell-o...

That looks like a fine signal to me. I wouldn't have held it too long though; when it tried to bounce off the MA's, I'd look to limit my loss if it broke back down through them. Now, if this was a trade in the direction of an established trend, I might not be so quick to bail out, but after...

I was able to read the words and view the illustrations provided by Mr. Brooks and Mr. Hershey, apply their concepts to price action on static charts, develop rules based on price reactions to certain isolated patterns in various market environments (context), and trade profitably based on these...

Wow, Joe, I'm impressed! I also tried using an Etch-A-Sketch for my charts, but I kept getting covered in pixel dust and reverted back to my trusty Hanns-G :cool: