CL Redux

Swan - just an fyi - all live accounts at Open ECry get all the data they offer for free, which is quite a bit. Very convenient whenever you just want to pull up another chart to peak or start to seriously consider it. I got more data than I know what to do with.

I know a couple here also will post charts from http://www.barchart.com
 
Quote from Picaso:

Ammo, Swan, Visaria and Bigsnack, thank you all for the advice.

Will regroup and try again. Probably will switch to QM and definitely will not be doing the all or nothing trade. After all, I'm a masochist :D
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Think it was me who mentioned switching to QM. But i meant doing so for position trading, not for intraday. As some have pointed out, the spread will kill you if you're aiming for small profits. If you want to pursue day trading, you have to use CL. If that's the case, then you must be better capitalized.
 
trade the qm and trade the extremes,higher percentage of wins,less commish for a small acct,smaller profits but smaller losses when you take them,less trades using extremes only,if you get in the middle of a move it can go to either trendline first,death by a thousands stops
 

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whatever time frame u use,after 2 highs or 2 lows draw a line and see if the 3rd touch holds.it's important to have longer time frames up so you are aware of the bigger picture,longer the time frame ,stronger the s/r
 
Quote from Visaria:

How do you know if it's an extreme?
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If you think price has reached an extreme and you're about to put on a position there, but you decide not to, price will turn and retrace heavily; if you think about putting on a position there and you do it, price will immediately run to the extreme.

:p
 
Quote from Visaria:

How do you know if it's an extreme?
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If you think for sure "this thing is gonna GO (parabolic/hyperbolic)" and you go long, and it immediately crashes $4-5.

Been there, done that. That feeling is one of my own best negative indicators.
 
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