CL Redux

Quote from DimoDD1:

The volatility is very low right now, so here is what I wanted to say.
BCE I want to know what you do and how do you procede when the price action is not so clear like today. Today was awesome day for profit and in days like these I am fantastic, but when the volatility is much lower and the price is oscillating in about 40 tick what do you use to take those entries which you showed yesterday ?
Do you use any indicators or specific chart frames ?
I personally use 6 charts: 1M and 5M for time and 150,400,1200 and 4500ticks.
Also I'm looking at the volume, which filters my entries multiple times and I have much less wrong trades.
But although that I can see so much information about the price, I can't see your entries as reliable àccording to my charts. Big part of your entries was irrelevant to me and still can't understand why you was so long today, but nevertheless, you are still profitable. So how you do it ?
I'm mainly asking about your trades in congestion areas.
It is not a problem just to stay and do nothing, but if I can do more it will pay me more in future.
Want more and get more :)
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Quote from murphmack:

It's called intuition.... You develop it after watching the screen for a long f&$#@ time. People ask you "what do you look for" or "why are you entering this trade" and your answer is a variation of "I don't know".

I know a wildly successful trader who has this ability.
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Quote from Argent:

You have a talent I will never possess. After spending that "f&$#@ time" all I have to show for it is a few dubious squiggly lines on a chart and a handful of doubtful algorithms I pretend to believe in. I believe that it is a matter of character. Those few intuitives like you have bold confidence. The timid majority need the "certainty" of analysis. So gurus will never starve.
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Quote from murphmack:

I didn't say I had that ability... and I don't.

I said I know a trader who has it.. lol

I wish I could do that
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Quote from Argent:

My mistake. Does your friend give lessons? I have never watched anyone trade but myself, so I have no role models to imitate.
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:cool: ~ Wink ~ :cool:
 
Quote from macattack:

Well at least I can keep up with you for 1 day............with fake money. :)

I'll try this live once I can go an entire week following my plan & trading with discipline.

I have this gambling mentality or lack of discipline or brain fog or whatever you want to call it that just creeps up every few days. I have to get over that; then I'm good to go. I've just about conquered it.
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Reading through the old posts and just saw this. Sounds very good. Wishing you all the best. :)
 
I'm long .34, stop .28, and looking for 100 ticks, up to 86.40 :D

And hello everyone, hope you had a good weekend!

EDIT -- heavy offer at .42, seems to be the real deal too, but they are trying to lift it (just currently not trying enough).
 
Obviously stopped out on that trade last night :) oh well, worth a try with small risk.

We are creeping up this morning... buyers are STRONG so far, buying anything... have not even been to the 1m EMA since the open... counter-trenders are easily lured into this because the buying is not explosive, but it is steady and consistent.
 
I'm simming a longer-term trade here. Long .05, stop .63, target 88.71, the 100% extension of the move (beginning 85.15) ... let's see how patient I can be here.
 
Quote from JoshDance:

I'm simming a longer-term trade here. Long .05, stop .63, target 88.71, the 100% extension of the move (beginning 85.15) ... let's see how patient I can be here.
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I SO wanted to take profit on the second push up to break y-day's high (failure).... I KNEW it would retrace but tried to stick with simply holding it. I'm not sure this style of trading will work for me. Perhaps some middle ground would be best. :) The place it retraced to is rather predictable too, the down trendline retest. However, it's broken the up trendline to the downside too, which does not bode well for 88+ at the moment :D Oh well, it's just to try a different style of trade, and see how it works out.
 
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