Search results

  1. F

    FirstDegree and Crude Oil

    No trades today. Most of it was because the signals weren't entirely clear. There were some really good trades, but I either missed them, had a reason not to take them, or just didn't know if they were valid signals. All of the reasons why I talk myself out of taking trades. You'll notice...
  2. F

    FirstDegree and Crude Oil

    I think on Friday I was trying to make something out of nothing. I was trying to swing away at trades, but instead I was taking lower probability trades that looked like trades that I would normally take and then I didn't take the trades that looked the best. Those 2 trades later in the...
  3. F

    FirstDegree and Crude Oil

    I didn't take any trades today even though there were 2 great setups that I like to see. I'll explain below as there is an explanation as to why, but really, there is no excuse and that bothers me. Trade A: This was right after the open. It was a shooting star-ish pattern. I didn't...
  4. F

    FirstDegree and Crude Oil

    Glad you like my quotes! As far as what I read, I do it more for enjoyment and hoping to get something out of it. The Brooks book was more of a book like you described. I actually picked up on one of my signals from his book. I think I derived the setup more from what he was talking about...
  5. F

    FirstDegree and Crude Oil

    I missed the first hour and a half of trading today. I came back and felt rushed, like I needed to make up for the morning. It was a tough day. Unfortunately (maybe fortunately?), I didn't see any clear signals after I got settled in. Trade A: Seemed like the premarket was in a...
  6. F

    CL Redux

    I added numbers just to make it easier. 1. The 1min is very choppy. If you take entry signals off the 5 min then you need to take exit signals off the 5 min. 2. This is really only a good idea in a strong move, which you won't know is coming. Also, doing this may leave your exits in...
  7. F

    FirstDegree and Crude Oil

    I got home early from what I had to do this morning so I was able to fire up my platform and get ready to swing away. I should have just taken the day off like I originally thought I would have to. I missed the first hour of the day. The theme to today's trading was "1 tick your way to...
  8. F

    FirstDegree and Crude Oil

    I didn't see that channel. Thanks for pointing it out to me. I always look forward to the next trading day. I always have intentions to start taking signals, but then when the time comes, I freeze. I need to cut out the distractions and just focus on the charts and take the signals...
  9. F

    FirstDegree and Crude Oil

    Some of you are probably wondering why I haven't posted to my journal today. Some of you probably don't care. Well, my internet went out this morning at 8:30am just as I was trying to turn my platform on. It didn't come back on until about 3pm so unfortunately I didn't get to watch the charts...
  10. F

    FirstDegree and Crude Oil

    No trades today, wishing I could start over! It was a great day for taking all setups/signals. I need to stop making excuses, today was just a matter of indecision. Trade A: Right after the open, looks like Crude is making a reversal. The trade is 1 tick below the low of the opening...
  11. F

    FirstDegree and Crude Oil

    These are 5 min charts. I try to not add too much on my charts and/or watch too many other instruments with intentions to watch correlations/convergence/divergence. I don't like to end up having conflicting signals that make me hesitate on taking trades that I normally would take without...
  12. F

    FirstDegree and Crude Oil

    Pretty terrible price action today. No trades and it wasn't because I hesitated. Just, simply, no trades. Trade A: This had the looks of a trade, but the bar was so big and the EMA was just below. I felt it was a lower probability trade. Turns out it was probably the best trade of...
  13. F

    FirstDegree and Crude Oil

    Ah yes, Mark Douglas to the rescue. I memorized those 5 fundamental truths. I should probably recite them more often. And to Picaso, thanks for the encouragement. I really try to not let losses get to me. I guess I came into today with expectations that it was a new week, new month, I...
  14. F

    FirstDegree and Crude Oil

    Frustrated today. 1 trade, low tick loser and disappointed. Price made an incredibly steep move up. I just happened to turn my platform on right at the open, but was in the process of getting myself situated that I really didn't pay attention to the charts. Trade A: Second entry...
  15. F

    CL Redux

    Just a side question: What do you guys do in your off-time, after the market, on the weekends, relating to Crude Oil trading to either continue your education or to give yourself more chart time? It has been mentioned to do a bar-by-bar analysis (and go back in time), which I do, but I...
  16. F

    Birth of a trader

    She plays a lot on momentum, breaks of levels where price has a good chance to make a move in her direction, but I don't want to speak for her. The idea of buying bar breaks is to carry you into the trade. The idea of a survivable stop is a place where if price goes down to it, you most...
  17. F

    Birth of a trader

    Just a quick look at your trades, I was excited to see you took Trade 6. Then I looked in more and you bought at the pivot high. Think about buying 1 tick above the high of the higher low hammer bar, 1 bar prior to the big green bar. 81.58. You would look to see it break above that pivot...
  18. F

    FirstDegree and Crude Oil

    One trade today. It has been a good feeling to step out of my comfort zone. My heart starts racing and I can feel my chest pounding. It gives me the opportunity to recognize it and try to just calm myself down. My chart is slightly extended today because before posting I realized I wanted...
  19. F

    FirstDegree and Crude Oil

    These are the kinds of replies I was hoping to get in this journal. I can't thank you guys enough for replying and helping me out. All of you. Sometimes it's just the little bit of information that puts a different angle on things that starts bringing me closer to where I want to be. I am...
  20. F

    FirstDegree and Crude Oil

    This is something I've been working on. It would have been great today if I wouldn't have taken myself out of the breakout trade and just honored my stop. Either my stop gets hit or price makes its move in my direction and then I can manage it after that. I really like the idea of moving to...
Back
Top