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Since I’m going to be taking an extended “spring break”, I’m offering a bit of tough love for FCX and anyone else who wants to trade for a living and still hasn’t taken the first step of the journey to consistently profitable trading. FCX, your result Friday has nothing to do with...

My personal experience is that the odds are most favorable when you trade in the direction of the trend in your chosen trading time frame, and use a higher time frame for gauging "airspace opportunity" on counter-trend setups and for targeting profit-taking zones. Using a 1-min chart...

I owe you an apology. I've been giving too much credit to Brooks for what I learned about trading, when in fact you'd already planted all the right seeds by the time you recommended his book to me. :) "Think continuation" is my mantra in a trending move. That is the most valuable thing I ever...

What I do is I decide in advance whether I want to shoot for a hard target or a flexible target. If a hard target, then the take-profit order is placed and I accept it. If a flexible target, then I usually have a level of favorable move at which I will move my stop to break even, and then watch...

Nice! I sold ES today at 45.25 because I just noticed that the HOD was 45.50. Can you once, just once, post one of your trades in advance? :p :p

Come on, guys, please don't chase him away. This is great short term entertainment during chop/narrow range conditions and EMG is always serving dangerous scary food at Volente's, so I have to stay away from there.

Hi Pat, turned off the emails for a while.

Can't seem to find that post so I'll have to offer my photoshoped trade log instead.

Thx Surf. I do have an advantage with CL, I've been trading it all day every day for nearly 3 years now :)

There was over 30 ticks upside from the time of my upside post. The pre-report extreme was hit as called. Easy money advance call, with absolutely no heat on the trade. ADD: I see no bearish intraday signal yet.

Pre-report range extreme broken, opening high next?

Surf, didn't you know the CL Inventory Day Rule states that CL is required to retrace the entire post-report move for a test of the previous extreme? :D :D

No, they're gamblers for the very reason stated in the clip you posted: They're "...trying to make a buck by predicting.." If you learn to recognize the big players tipping their hand, and let the action of price tell you where to enter so that the odds are in your favor, you're neither...

I can't fault him for a range play off the open because the daily chart has AMZN in a nice wide range. And I can't fault him for not taking a long position during the 11:00am eastern time 5min price bar because he has a real job, which means he can use the "Oh, I missed that one because my...

Dearest Brother Surf, it's not polite to ask a woman her age, her dress size, or her return on day trading capital!

For at least a while, yes. I take nothing for granted though. Some of the wealthiest traders in the world went on to blow it all. An acquaintance of mine was unstoppable in the markets until he lost everything, absolutely everything.

It's a "Zr1" sighting! Get back to work, boy!

"Independently wealthy." Hmmm, what exactly does that mean?

On all my capital???? In my dreams!

:D :D