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When there's no defined trend, it's all about stop running, hence better to fade the breaks.

Same here. Occasionally I'm stopped out to the tick of the turn on a trade, but that's almost ALWAYS because I didn't enter the trade properly at the price I was supposed to and my max allowable stop isn't survivable. Can't blame "them" for that :D

That's for sure. You're better off fading the break of an interim swing high or low around a flattish 20EMA than anything else. There's more opportunity to scalp this way or to fade range extremes than anything else in CL now. I almost never do that because it's not part of my trading plan, but...

I use 123's on the 1-min chart for with trend and counter trend trades. One thing that's an absolute no-no in my trading plan is trading against a strong trend without at least 3 reasons to do so. I do my best to continue to trade in the direction of a strong trend until the trend signals a...

LMAO, I was thinking the same thing. The guy's doing this in 2013??? I mean back in 2010 it was possible; there were often days with multiple individual price swings of 100 ticks or more. Now it's consol/chop...blast, consol/chop...blast! :eek: Edit: OK, more like consol/chop...blast...fail! :p

I don't see how the Jigsaw example shows stop orders, but I'm admittedly a bit slow at "getting" stuff. They say, "Market orders you only see when someone actually submits the order and a trade occurs. With Depth and Sales, we are showing the limit orders AND the market orders that fill against...

I've asked this question to all sorts of people, even those who claim to have traded at the highest pro levels, and I can't get an answer. Seems like a simple question to me: Is there any entity (your broker, the exchange, market makers, Goldman Sachs, etc...) who can see the depth of...

Real traders don't need mortgages :p :p

The areas where you circled for going short make no sense to me. There's no trend where you have your first circle. The strong trending move earlier never attracted enough additional sellers to break the low. There were then higher lows and a breakout to retest the earlier high. When the high...

I use the 1-min chart to buy/sell pullbacks as soon as a new high/low prints. Study various ways to do this that fit your risk:reward parameters. You can simply buy or sell a break of the last high or low, or you can buy or sell once price pulls back to the 1-min 20EMA without breaking a 5-min...

I'm guessing by "take you on" s/he's referring to that delightful evaporation of liquidity that occurs in CL when a new high or low in a strong trend breaks or when slow, low volume consolidation lures a bunch of inexperienced retail traders to the wrong side of the tracks and breaks the S/R...

See below. The day trading is my business, it's how I get the paycheck to pay the bills and save for "retirement" (not sure what that means, lol). The leveraged swing trading is reserved for high odds setups that happen only a few times a year. An example was when the S&P slightly...

Say I develop my strategies using a cheap Excel spreadsheet and a free charting program. I notice certain price patterns that occur shortly before each significant intraday price swing occurs. There's a problem, though. There's no way for me or anyone else to know in advance whether any...

I've never traded more than 6 contracts CL. I trade CL small size and reserve size for swing trades via options in the S&P, which is one of the technically "cleanest" instruments I've ever seen for multi-day and weekly swings.

Never traded TF, but shoot for 2 pts min in ES and 5 pts min in NQ.

You won't see any calls from me. I've revealed how I trade and anyone on ET who's studied my posts, charts and previous live calls over the years can pretty tell you where I bought or sold on any given day. I only go long in a strong uptrend, only go short in a strong downtrend. If a 1-2-3...

Yes. Consistently profitable trading based on easily exploitable repeating patterns feels so counter-intuitive at the hard right edge to most retail traders that they can't bring themselves to trade a plan based on these patterns even when they've seen with their own eyes that it works over and...

If I'm scalping in a range around a flat 5min 20EMA my typical target is 10 ticks. If I'm trading actual "in-plan" setups I shoot for minimum 20 ticks. If there's a key level in line to be tested I tend to hold for that test unless a double attempt fails, then the trade will turn into a smaller...

As an intraday scalper, I consider more than three losses in a row to be an unusual drawdown :p I'm not sure what actual stats are among consistently profitable traders who trade based on a well-tested plan, but I suspect that scalpers rarely have losing days, day traders rarely have losing...

This is my answer, too. I had severe drawdowns when my "plan" consisted of 1) put on trade based on where price should go, and 2) hold the position (averaging if necessary) until it comes back to at least break even or hits this absolute disaster stop that's so far away there's just no way...