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Had to leave in a hurry on Friday for a camp out, so I didn't get a chance to put up my journal. Too ragged out to trade today. Funny what walking 20 miles with a backpack will do to you. This is for Friday, Feb 4th. I wanted to focus more on CL today. Consequently I missed some nice...

Traded with more confidence today, but violated 2 rules and got burned both times. CL traded in 2 narrow bands today, with a drop around the 7am news. CL Trade #1 CL started drifting down, and after a shooting star, there was a big red candle that ended right at the previous pivot low...

Thanks for the encouragement NoDoji. It's nice to know that at least today I was on the right track!

I have been testing a new way to re-arrange my charts, made possible by the new monitor I bought last Friday. Previously I had been using the 5 minute chart to get my setup, then I switched to the 1 min or 3 min chart to time a better entry. This almost always resulted in a loss. I think it was...

My focus wasn't the best today. I turned my back just for a minute, only to see a setup pass me by. This happened several times. At other times today I noticed great setups after-the-fact. I didn't see them while they were printing. The amount of concentration necessary to pull this off is very...

Forgot the chart.

6E was already raging when I turned on my platform. Debated on taking that first pullback at 05:15, but I hadn't done any pre-market prep, so I passed. 6E Trade #1 Took the next pullback opportunity at 1.3704 on the 06:35 bar. It was about this time that CL started to tank, if you can...

Busy all day yesterday, and this morning I got tired of my crappy old computer and monitor. Bought a new one 7 hours ago. Spent the next 4 hours getting it on my network, then discovered they forgot to put an antennae in the box. Back to Fry's. Downloaded NT and fired up the 64 bit version...

The one setup CL offered me today was a pullback entry long on the 09:40 bar, but I didn't take that because price had just bounced off of the overnight high of 86.99. In hindsight, I should have taken this trade for 2 reasons: Price formed a double bottom at 86.63, and this was 3 ticks higher...

Did you play the b/o at 86.60?

Holy crap!:eek:

Whippy mess today in CL. No trades.

Thanks for your input DJ, I'm still working on a 'few' things. I went long there because CL just broke out from a range after a big down move, and there were 3 legs up making HH's, and the pullback from the last push up closed above the EMA with a hammer. I was aware of the resistance at...

My pre-market analysis was spot on, but failed to capitalize on it. I was expecting CL to drop and 6E to rise. On CL, the 60 min chart was showing a very well formed pullback, but on the 5 min chart I didn't see a clear entry. I watched patiently as CL dropped 120 ticks. The one good thing to...

No trades today. Just studied, back tested and watched.

On the CL side, I had a sell order in at 05:10 but canceled it when the doji formed. I don't like taking signals from them. I got distracted for about an hour after that and missed the signal at 05:40. In hindsight, I see others, but at the time I was looking for specific candle formations...

Not as focussed as I should have been today, but took some nice trades and I'm happy with all of them, even though today was a negative day. Because of my lack of focus, I did miss some trades. After reviewing past trades, I've found that I hardly ever take more than 8 ticks of heat, so...

Some technical snafu's today and a repeated mistake from a prior day. Trade #1 Trade entry was perfect, and I was waiting for a test of the 92.57 pivot low, which I got. Moved my stop to BE+1 where I was taken out on a retrace. Only would have had 3 ticks of heat. I think watching a few...

Not much to report. 1 trade in 6E for BE+1. Most of the morning I played with a couple of different video recorders and recorded my trading and was surprised at how much talking out loud helped. As bars formed, I would describe what needed to happen for a valid signal to occur. I let it run...

Yes, I realized this a little too late. I was focusing more on the support side of things. Even though price broke that pivot low, it didn't break the previous support. I didn't register the fact that the most recent pivot low was breached. Although not pretty, it does look better on the...