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Chi, I just loooove the use of color!

I live next door to Mav... http://www.amazon.com/Trillionaire-Next-Door-Investors-Trading/dp/0066620767

CL is bizarre in that it appears to actually make "meaningful" moves on a 1 min chart, but makes little sense in any other time frame. I do keep an eye on the 5 min chart so I know whether price is at war with Eurasia or Eastasia :p

Come on, I just wanted to post a "Top Call". Haven't I been around long enough I can post a "Top Call"? (I have no loyalty to my calls; my only ES trade today was a long.)

I learned many lessons about CL during my first year of trading it and posted a critical conclusion that you're probably not accounting for: :eek:

It's not that hard to figure out, either. PA/TA is the ultimate "inside" information. I know I've posted this before, but it bears repeating often: The major players can't slink around trading behind everyone's back. They leave big footprints. Learn to identify what it looks like when the...

Failed? :confused: You mean they failed to stop a loss? :D

The top is in! Cya @ SPY 52.00 :p :p

I was going to reply directly, but you answered it perfectly. I've never used a stop limit in CL for that exact reason. My worst slippage in CL was a very innocuous-looking ascending triangle breakout, slipped 21 ticks, but still got a fine profit on it. Slippage like that means, "Longs, try and...

I imagine I will tweak my plan when that cycle commences. It's been rock solid for more than two years now. I trade up trends and down trends the same. Never traded FX, but have traded 6E (euro futures) and I traded it the same as CL (my main instrument), and I trade ES the same as well...

When this happens I always exit for a smaller profit than intended. Notification that I've closed my small position is immediately released to institutional traders everywhere as a "breakout trade entry signal". I am not making this up. :p

The secret is using a smaller time frame to position ahead of the breakout. Then you get to do the Snoopy dance instead of whining about 15 ticks slippage :p

The TA naysayers have no logical reason to dismiss TA as worthless or unprofitable because either they're already profitable and if so wouldn't be concerned about someone else's trading methods, or they're not profitable and would be open to learning more about a method that so many are using...

Luciano, don't let OFX get under your skin, s/he's either not a trader at all or is a pure troll looking to boost the action on ET. Quite a while back I offered on two occasions to teach OFX my PA/TA day trading methods in an ego-driven attempt to prove that TA works. I have very explicit rules...

Are you wishing to obtain some sort of knowledge as a result of your posts here? What is your edge? You haven't answered that question, but you've dismissed several edges described here in a way that demonstrates complete ignorance of the meaning of "edge" in trading. If you're a...

I don't use a bracket order in this situation. I place a limit and a stop and manually cancel the other. If I get a fill at the limit price and it immediately flies through the stop as well before I can cancel, that's fine with me, if the "buy bots" are that excited may as well ride the move...

To me this is a valuable question to address. Let's say we just logged in to do some trading and we identify an uptrend in one's trading time frame: Higher lows, higher highs, such that a 20-period EMA in this time frame is rising. We want to put on a long trade to take some profit out of...

Yes, the total amount I could lose per trade if my stop loss is hit and I get no more than two or three ticks of slippage is never more than 2% of my trading account value. If a surprise news release or institutional fat finger trade caused a large price gap, then of course the slippage could...

My setups are based on extensive research that determined the optimal method of extracting the most overall profit from the market in my trading time frame (5m chart) each day. Why wait for my setup? Because to trade any other way would be at best placing a bet on black or red and spinning...

The robots were all told they were going on vacation and would be temporarily shut down during the trip. So what's happening now is what it would be like all the time if only small traders were trading against each other. Little do those robots know that they're being taken to Massive...