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No, because so many times when I've tried scaling out in the past I end up with less on the second half, but I imagine on swing trades I intend to hold for more than just a day, it would make sense.

Don't feel bad, I have no patience for holding. I left so much money on the table on my last equity swing trade, it's ridiculous.

Exactly, if you can pull off those steps in a couple months each, you have "gifts"; if you crawl through the mud for a couple years or more, you have "strong work ethic" :D

Here is my cautionary message to anyone wanting to trade CL intraday because you've looked at those charts and seen all those nice price swings and you think of how much money you could make trading just a few contracts. Take the time to dissect every price swing of .30 or more every day for...

I searched for Gablers Anonymous, but could only find this: http://www.gamblersanonymous.org/ga/ Seriously, if you can't stick to your trading rules, close the account.

Good job protecting us, Peil; however, is it appropriate to capitalize the first letter of a word following an ellipsis?

Not with you anymore, stopped out b/e.

I'm with you here and there's a 5-min chart MM target around 86.24 but that seems patently ridiculous. Oh wait, this is CL, never mind :D

I sim traded for something like 8 months before trading live, and then was very particular about my setups. I think I had a short bias in my trading back then, expecting the market to crash badly at any time (this was 5 weeks before the flash crash). I remember one day the inventory number was...

Down 6% compared to what? There was market gain of over 10% during the uptrend between June and early October before a reversal signaled. The market from Oct 1 thru Oct 31 was only down about 2%. What "trends" are he following? :confused:

I really don't know. Pristine is a trading education company, not an individual trader, and I don't believe they run any funds; they're strictly education. So I imagine all you could do in that case is audit their strategies by testing them over reasonable time periods. That's what I did with...

Is it true that education sellers imply they're profitable? I know they all state that they're "experienced" and they state that they'll teach you methods for trading profitably, but I'm not sure if I ever recall anyone in the books I've read stating that they made N amount of money purely from...

I've written about price action in very simple terms here quite a few times with pretty charts and everything. Nothing helps if you're not willing to do all that work with the info, no matter how simply it's written. :)

I'm NOT a HFT algo scalping fractions of cents. I'm trading intraday price swings for a minimum .20 profit. I'm using price action setups where traders are trapped out of good trades or trapped into bad ones. These setups have sufficient positive expectancy that even a 50/50 money management...

Bob Volman. This is an excellent book, geared to beginners, one of the best books I've ever read on intraday price action trading. I've found that his 70-tick chart is comparable to a 1-min chart during regular trading hours.

FCX is great people. He has gifts I haven't seen since working with a guy back in late summer 2010 who traded me under the table using my own tactics. The irony was that he ended up getting a job with a major investment bank a couple months later and was not allowed to trade his own account any...

FCX's trades on Friday were the ones that take money from his account and deposit it into Al Brooks' account. They were not setups to be found in any price action trading resource. :D Give the kid a break, he never even sim traded CL from a live feed until 10/29, and he'd had no instruction...

That's a very exceptional result. Did you find your trading to be significantly different without the pressure to meet specific milestones within a certain time period?

It makes sense, I've thought about it a lot, but I've never tried it. I think it would be something worth playing with.

OK, was this all you or did my Chop/Range lesson help a little? Feel free to make yourself look good, I can take it. I've already resigned myself to the fact that you're voting for Stewart despite my desperate attempt to convert you to Colbert :D Great work for such limited time frame. It...