Search results

  1. F

    Birth of a trader

    Started off OK, taking my signals, but didn't take the 3 most profitable ones because ... hell I don't know. Trade #1 Entered a long buy limit at 87.28 based on overnight support. Was filled and took 10 ticks of heat for a few bars, then the trade started moving my way. I had a 25 tick hard...
  2. F

    Birth of a trader

    It's easy in sim. In real life, I would have stopped trading real money after the 3rd loss in a row. And if I wasn't smart enough to quit then, my daily limit would have been hit after the 6th trade. I'm still on the fence about managing the trade. This would have been a winning day if I...
  3. F

    Birth of a trader

    Tried to focus on the bigger picture today, specifically managing trades for a larger profit and not moving to BE+1 after 8 or nine ticks. The plan is to enter the trade with an initial 11 tick protective stop, then trail the stop to 1 tick beyond each bar as it closed. Trade #1 Price was...
  4. F

    Birth of a trader

    Very strong over night up trend, so I wanted to avoid shorts. Got a short signal at 06:05, but it was too close to the EMA so I passed on it. Would have been a winner. The market got extremely choppy from 06:55 - 07:40 before it looked like it wanted to roll over. After a 100 tick drop...
  5. F

    Birth of a trader

    Going camping this weekend, so I'm off to prepare. No trading today.
  6. F

    Birth of a trader

    Not very into it today - mostly just watched in between distractions. 1 6E trade for +14 ticks.
  7. F

    Birth of a trader

    Yeah, that makes sense. I need to start looking that the trade as a whole unit instead of just entries and hard targets. BTW, there's no way I would have held that through inventories!!
  8. F

    Birth of a trader

    Did a little better today on my entries, but my exits suck bad. I know this is where the game is won, so I am working on it. Overnight session was a weak uptrend/sideways market. The 05:30 bar poked above the overnight high, then the next 4 bars kept poking at it. Trade #1 I know that...
  9. F

    Birth of a trader

    I was going to ask this on CL Redux, but was worried that it wasn't the proper forum, so I'll ask it here. I saw the two double tops form on CL at 06:15/06:20 and 06:45/06:50, with the 06:50 bar poking out a new HOD. I put a stop sell 1 tick below the bottom of that bar at 88.80 and was...
  10. F

    Birth of a trader

    Thanks, dude.
  11. F

    Birth of a trader

    Didn't see the forest for the trees. Today I was focused on trading with the trend. CL was up big, so I thought, great, up trend. I marked up my charts with S/R lines (actually, only support since there weren't any recent resistance lines to be had) and off the races I went. Trade #1 After...
  12. F

    Birth of a trader

    This was me today. I saw the big uptrend and made several attempts to get in with it. More stupid counter trend trading. Lost 4 ticks on 3 trades. Although it could have been worse, it SHOULD have been a whole lot better.
  13. F

    Birth of a trader

    Too rich for me - $31.50 a tick. Looked into ZF (5 year bonds), but currently all my CPU cycles are being sucked up with CL. But I hear 6E whispering my name.
  14. F

    Birth of a trader

    No CL trades today, but took 1 6E trade for 29 ticks (pips?). I put up the 6E and CL charts on my 2 monitors. I'm embarrassed to admit that I have never noticed how correlated the two instruments are. So this begs the question - why put up with the craziness of CL when you get the same...
  15. F

    Birth of a trader

    Interesting that you should notice that. I used to keep a histogram of my trades in 1 hour increments and noticed that early morning trades were more often failures than not. I questioned the validity of this info because at the time I was compiling this (Jan - July), I was experimenting with...
  16. F

    Birth of a trader

    Today I abandoned moving my stop to BE+1 on most trades and just let the trade go. The result was poor, meaning had I continued moving my stop quickly, I would have done better. As it was, I came out +7 ticks on 7 trades. Obviously my stop out trades weren't great, but I still can't help...
  17. F

    Birth of a trader

    cuz I'm still a learnin'
  18. F

    Birth of a trader

    Here's an example. Some examples are harder to see, because the entry bar retraced for a stop out, then continued onward, so just looking at the chart doesn't tell the true story. Perhaps there was some indication that this would fail. Perhaps it's just statistics and for every failure there...
  19. F

    Birth of a trader

    That's exactly why I'm doing it (with the exception of the oil report trade - that's just plain crazy stuff). When I'm in sim, I'm just as focused and serious as I am in the real world. I'm not taking trades for funzies, but am testing stuff. The clearest example of this is the swing break...
  20. F

    Birth of a trader

    6 CL trades today and net positive (sim), but if you lift up the hood, there's room for improvement. Trade #1 This was just plain stupid and I'm going to let it go at that. I saw the congestion and took the trade anyway. I rationalized it with LL, LH, spinner doji nonsense, but the truth is...
Back
Top