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  1. Z

    My Noobie Journal

    And dumbass quants (I have a quant fin degree) say that price action is random =D =D Even assuming a predictable drift... just no, even a sub-conscience can somewhat predict what's going on - edit: What doesn't stand a chance is any sort of (artificial) gen intel. right now. Though I...
  2. Z

    My Noobie Journal

    Aaaaand this is where discretionary tape reading is useful. A HUGE 86.46 to 85.86 drop there on the 14:25 bar. Thank god for my judgement, or I'd have lost some cash =) =) Aaaaaand it's still dropping on the on the 14:30 bar.. 85.77 atm =O
  3. Z

    My Noobie Journal

    Wow.. My signals are saying that this will be a long move upwards. My discretionary judgement prevented me from getting in on this around 86.3 though -- may end up being a good idea.. We'll see whether this retraces downwards violently or continues the up-swing strongly
  4. Z

    My Noobie Journal

    I've been consistently profitable all the past month. Today: Short 84.6 9:05 Cover 84.45 9:20 Long 84.8 10:10 Cover 85.93 13:30 So far, +1.28 today Looking to go short soon -- just waiting on the entry signal. We're ranging around 86 and i think the resistance will hold...
  5. Z

    CL Redux

    Question to all the people trading CL with real money in this thread.. Here are my paper trades the past 2 days: YESTERDAY, 6/13 ~4:30 AM 83.27 Short 8AM 83.1 cover +.17 8:25 82.92 Short 9:45 82.38 Cover +.54 10:15 Long 82.9 10:50 83.6 +.7 12:05 83.1 Short 12:25 82.88...
  6. Z

    My Noobie Journal

    I wrote down my paper trades again today: 8:10 AM Short 82.62, covered 830 at 82.4 +.22 (posted this one live before work) 8:40 long 82.75 covered 9:10 at 82.95 +.2 9:25 short 82.75 covered 9:45 82.6 +.15 11:00 long 82.99 coevered 11:45 83.3 +.31 12:35 long 83.42 covered 12:50 833.85...
  7. Z

    My Noobie Journal

    Filled short @ 82.4, +22 cents. Off to work
  8. Z

    My Noobie Journal

    Short 82.62. Stop @ 82.72, limit buy @ 82.4
  9. Z

    My Noobie Journal

    Deleted this by accident playing around with the post controls that youre allowed here on ET: Wow.. today was absolutely wild. Price was also over the place. I paper-traded at work (literally wrote on paper) : 8:25 82.92 Short (Got entry after I got to work based on my signals so this...
  10. Z

    My Noobie Journal

    Just cancelled my stop & limit before work, filled market at 83.1 for a quick 17 cent profit
  11. Z

    My Noobie Journal

    This is why I'm running demo right now =) Gotta learn before I get money ready to burn
  12. Z

    My Noobie Journal

    I have to go to work. So, I set a limit buy @ 82.85 to cover my short. I'd like to stay and monitor price action.. This could cause a loss up to my stop order or really limit my profit if price looks like it's gonna go down more.. Or make me unable to get out if it looks like it's gonna...
  13. Z

    My Noobie Journal

    down movement from what looks like a 24 hr high. Waiting for confirmation then going short. Wow.. I really wanna go short ASAP again. But I need to use discipline here.. Edit: Short 83.27. Stop placed 83.51. Going back to sleep.. Hopefully I'm making money when I wake up...
  14. Z

    What Is Rebate Trading?

    Thank you for the explanation Don. That's much clearer than I've seen it put elsewhere.
  15. Z

    What Is Rebate Trading?

    It sounds then like this would require 1 of 2 cases? 1) An exchange membership and a really large account 2) A really, really leveraged low commission account (prop trading?) What types of markets would you want to focus on and why? Trending markets would be 'volatile' by nature in...
  16. Z

    My Noobie Journal

    I just shorted CL at 82.91... WTF I think my demo account charting & quoting software is running a 10-15 minute delay. According to the posted bid/ ask spread, I should have gotten short at 82.99. Oh well, I'm focusing on a move big enough that it should make up for that anyways... unless I...
  17. Z

    What Is Rebate Trading?

    I'm reading around these forums and apparently you can get 'rebates' for providing liquidity. What is this, how do you do it, and how much (rate I guess..) is it?
  18. Z

    My Noobie Journal

    I understand now why people say emotions can break you. I've been wanting to go short right now so so so badly but I need to wait for my signals to get stronger. I mean, there's a good chance that I'd get a better profit if I entered right now.. But there's also a good chance that I'd just...
  19. Z

    My Noobie Journal

    I'm looking to go short CL sometime in the next few hours.. just waiting on a confirmation signal.
  20. Z

    My Noobie Journal

    So I developed a strategy for trading CL & ES. I like CL the best b/c of its swing patterns. I've been profitable last Friday, Monday, and today. I'll post my next trade for you guys.
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