Search results

Yella, based on how you calculated MFE/MAE, you will not be trading this play with a wide target that holds through retraces, will you? See how well doing your homework works to keep you out of trouble? I'm a scalper with a minimum profit target of .20. On a 5-min chart I calculate MFE as the...

If a stop is just outside a really obvious level, you can have serious slippage. By "obvious" I mean something like resistance/support on a low volume consolidative ascending/descending triangle, or the high/low of the day in a well defined trend. I once got 21 tick slippage trading one, and...

I call these two approaches the confirmed entry and the anticipatory entry. Regarding a confirmed entry: Just because confirmation appears to indicate there is enough buying interest to continue the overall uptrend, it's never guaranteed. So if the logical price at which to place a stop loss...

Because although every individual trade is a coin flip, when you've identified an edge, the outcome of a sufficient number of trades in ones trading time frame is positive. Proper use of TA (analysis of past price action) to trigger trades in real time (via current price action) is like having a...

As Tobbe stated, "Kale rocks"; I think it's #1 on the ANDI scale. Hey, were you on Skype with us the day Tobbe had to step away to take delivery of (I believe) 22 kilos of kale? :D :D

I think the punchline is you so confidently state your arbitrary entry rule like it's worth something while leaving as "homework" the things that matter more to a trade. The entry could not be less arbitrary and you did realize this later in your post: Okay, I have your very specific entry...

Every aspiring trader should take note of this. This is the sort of work that leads to consistently profitable trading, with less and less stress as time goes on. I remember once I was ready to implement a filter on a certain setup that had trapped me into losing trades a couple times. I...

Yes, it's a joke that will have you laughing all the way to the bank, as they say. However, instead of providing the punch line, I'm encouraging you figure it out. It should only take about 30 minutes and requires nothing more than a basic spreadsheet :) Surf, I'm usually positioned at the...

http://www.ncbi.nlm.nih.gov/pubmed/19520132 If you have access to certified clean sources, that's great. I personally will stick with the large green leafies in my smoothies, and if choosing algae, chlorella. OK, back to sleep :)

Same here, however, I will provide a textbook opening bar intraday price action play: 1. Using a 5-min candlestick or OHLC chart, wait for the Nymex pit opening bar to close (currently 9:00am ET). 2. If the bar closes higher than its open, place a buy stop 1 tick above the high of the bar...

Anyhow, I have some actual money that I would like to proliferate into a million over the next two or three years. I think that is a realistic goal starting with 300k. Do you have a written trading plan with rules that turned $300K into $1 million in 3 years or less when back tested through...

Chlorella good, Spirulina bad: http://nutritionfacts.org/topics/spirulina/ Eat fresh, whole foods. Ditch the processed/refined crap and in three months you'll be renewed.

That's because oil reduces friction :D

It's always good, but not always that good :p You do have to learn to identify potential chop/range and adjust your trading style accordingly, but I think that's a lot easier to do in oil than in the stock index futures. CL trades pretty much like 6E, but with more directional swings per day.

:p XXXOOO (shop, he's a crotchety old pro like you, whadda ya expect?)

Nice work, Austin :) It's not easy maintaining the pure discipline of the trader's mindset when a) in public view, and b) under pressure to meet a specific goal within a time constraint. I have no idea how you trade bean and oil. I found that trading 6E, ES, and CL at the same time...

My charts and 20EMAs + my lazy gambling took me to profit paradise today. I know when these TA methods are profitable, it's just coincidence, but this lucky coincidence stuff keeps happening for some unknown reason. :confused:

This is truly eerie. I took a break this morning and my husband and I were walking the dog and out of the blue he says to me, "Do you remember in 'Hitchhiker's Guide to the Galaxy', the answer to the ultimate question?" And I said, "No, I fell asleep during the movie and never read the book."...

I think as far as oil goes, the big boys have programmed certain things because they just work and work and work and work and seem to account for all sorts of contextual scenarios. After all this time, I've identified a slew of it and as you correctly stated, we are the algos!

The 70-tick chart during oil pit trading hours is equivalent to the 1-min chart. I personally use a 5-min chart for my setups and a 1-min chart for precision entries. Trading strictly off a 1-min chart with no 5-min guidepost is beyond my expertise because that's not how I developed my personal...