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Yes, 86.00. Wow, that is an aggressive long entry. I couldn't bring myself to buy in until the 86.40 level, was that some kind of news, or was it a just one of those rare technical breakouts that didn't fail :p

Yes, there were indeed, but also some excellent longs. Check out the confluence of support on the 60-min chart during the later day down trend: Lower trend line support and the previous upper trend line resistance (across the LHs from last Thursday thru yesterday) becoming support at the same...

His mentor would be the first to tell him that what happens after each entry is indeed random. You got that right, Brother Surf :) I disagree that there is no edge in TA. I just had a chance to review FCX's trades today and the losses were not the result of TA failure. Out of his trades, two...

It always annoyed Bighog when I called a handle a point :D

1.00 move (100 ticks)

That would be the day of the 4 pt drop, I believe :D

Even without the distraction of a baby (who just learned to walk and probably has no idea why Dad wants to sit and stare at molecules), today's price action is not friendly to inexperienced traders. There is no trend, just a wide range with wide range bars in the 5-min time frame around a flat...

It seems like you're implying that these are different methods :confused:

You cannot use stops in extended hours trading with equities. Period. If you don't want to "work" an order via limits then don't trade in extended hours.

What time frame are you trading? With-trend swing traders using a daily chart of the S&P are currently shorting rallies because the uptrend signaled a trend reversal on 10/11.

OK, I'm stepping away from my desk now to dye my new gray hairs. Damn kids....

Oh my, please tell me you'd never take a counter-trend trade like that :D

Are you kidding! I couldn't even lift price from the LTL of the symmetrical triangle to the UTL. Heck I couldn't even hold it above the 20EMA despite the fact that I do pushups on a regular basis! ADD: Anyone wanna go all in with me long @ .72???

This is it! Another Holy Grail! Holy Grails all over ET, but dagnabbit those Grails are so darn heeeeaaavvvvyy to lift and drink from! XXXOOO :) Steve is a real pro, by the way, not some snake oil guru like me :p

The volatility, range, and volume are so low there's a good chance some of us may have actually traded contracts with each other :p

"He was a millionaire and traded large positions, but he started his career with a small account. He made the millions from the market, using his methods, over several years." IMPOSSIBLE!! BULLSH*T!! SURF, CAN THIS BE TRUE???? :confused:

Someone once either asked me if that was my method or maybe they told me it appeared I used that method. I do remember that phrase "floor trader method", but I'm not familiar with the specifics. The chart you posted looks exactly like what I do. I certainly see those boxes as setups. Maybe in...

Did you consider the fact that "doesn't work" and "doesn't work some of the time" are two different concepts? Or how about the fact that your definition of "work" and a professional trader's definition of "work" are quite different. TA is a tool and risk management is a tool. You can't turn a...

While at work, using a mobile device, trading futures for the first time, on a platform he never used before, not ever having discussed actual setups with me, FCX extracted 42 ticks in 80 minutes* and that includes a 5-tick error due to not understanding how a particular order worked. We...

I was positioned in that interminable consolidation. It felt like a long term investment to this ADD scalper :D