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Hey, wait a minute! Technical analysis tells us this! You trade on the winning team. The way you know it's the winning team is when a technical analysis of past price action shows you "loud and clear" who's winning. There's no way someone looking at fundamentals would buy AMZN when it had...

LOL, the TA confirmed a long market since 7/27 and the trend has been fully intact and quite strong since then. Looks like QE3 was in perfect alignment with the TA.

You guys are so bad :p CL trades with most liquidity from 9:00am until 2:30 p.m. Eastern Time. From 2:00 - 2:30 the price action can be very erratic.

I have special privileges at the exchange :p :p

You nailed it. I trade far more instinctively now than I used to and I can't even explain a lot of it. I watch price react to a level, then I react to the setup without as much "overthinking" as I used to do. If there's no well-defined trend, I trade small and also exit very quickly if there's...

Today I had 3 trades off the open, the opening hook long @ 96.86, then I bought @ 97.09 as soon as the 9:05 ET bar closed (that's a paper-rock-scissors strategy not a part of my plan), which was a scratch, then I bought 96.08 at 10:00 based on the sophisticated "it's not going down, so it should...

Yes, this is exactly it! I KNOW you're a trader! :)

Audited statements won't help anyone trade. Rather than continue to post here off-topic, visit CL Redux for another example of precision price action scalping concepts: http://www.elitetrader.com/vb/showthread.php?s=&threadid=178741&perpage=10&pagenumber=3112

Here is a picture of what happened next, illustrating the importance of either positioning early counter to the range extremes so there’s enough room to escape any failures with very little damage, or waiting for clarity (Al Brooks key recommendation during barb wire):

I’ve been conversing for a few days with plsnobull over on the “Position Sizing” thread and rather than continue to post on that thread off-topic, I’m inviting him/her over here for an illustration of precision price action scalping concepts (similar to the stuff posted by several folks...

Almost hit 96.55 on the key level break, just a few ticks off. I've found that in these sloppy wide ranges, the channels seem to hold pretty well on first touches.

Callmate, HTH are you and WTH have you been? CL, WTH is this crap! There's good airspace to Thursday's high above but everyone's playing chicken :p ADD: If the range breaks downside, the "headfake" buy zone is 96.85. If THAT breaks down, then 96.55. Upside is test of...

You are correct about that 1st sequence; I see that I accidentally typed +21 twice in a row at the start, when in fact it should've been a single +21 trade. Are you saying that in a one-way directional price swing of 250 ticks from top to bottom, it's statistically unjustifiable for an...

To clean an LCD display beautifully, mix a single drop of dish liquid (Dawn, Palmolive, etc) into a shallow plate or bowl of distilled water (just a couple tablespoons water). Dip a clean microfiber cloth or plain (no lotion) facial tissue into the mixture, clean the screen and dry with another...

Surf, can you elaborate on what you mean by these phrases? How can a consistently profitable trader be churned by noise? I've studied excellent traders for almost 5 years and I've never seen evidence that any of them get churned by noise. They all advocate exiting losing trades at levels that...

I only execute limit orders, the market executes stops :p I place my orders based on technical price patterns on a chart. I don't trade directly off the chart (though have been considering this for some time now), I use the DOM and I have the price ladder so I know the price at which to...

Based on my Brooks-inspired trading plan, I would regard bars 42 and 43 on your chart to be an excellent long setup, and would buy the break of the high of bar 43, targeting a breakout of the previous swing high. I don't usually enter trades on the break of inside bars, though with all those...

I understand that, but price was in a strong uptrend and when it broke through the previous swing high on the 5m chart, the noon bar high of 96.39, the next level to be tested was the pre-market high of 96.59, which was a very key level in a higher time frame. There was airspace between 96.39...

I didn't know the broker was involved in anything other than commissions. Isn't the spread determined by where traders place their bids and offers? The way I interpret Friday's slippage at a break of the pre-market 96.59 resistance level is that it's a very key level. It's the previous...

Before I started trading oil futures live I asked an experienced trader about position sizing and he suggested I start with minimum size (1 lot) and he suggested a monthly profit goal easily attainable if day trading this instrument. If I was able to reach this goal, add a contract the following...