A runaway market. updates; summary, not much is happening, this is the time to be calm and gauge the mood again, if all is happy, maybe time to push a short knife into the soft part of the belly, just to poke some fun to see if the bull is that strong. This market condition, one rule is to be light in positioning, long or short.
A real trader posting real trades to benefit newcomers.
- Thread starter yc47ib
- Start date
Oh, from some of the notation, you can see I am using a Chinese language OS, and I am originally from China. In this country for on and off 24+ years. If you are Chinese, you are welcome to PM me with Chinese language. Hebrew/Arabic/French/German speakers, can contact me via those languages, but I believe all these four types of native speakers can express themselves with English just fine.
Happy trading all.
Happy trading all.
Oil also has a range now and seems to be broken soon, but oil is oil, it is different since there are too many factors there. But what I look is that the inflation will eventually pick up and oil price is there to reflect it. for me, now, anywhere close or below 67 is a buying area, right now is in the selling area. Even it hits 72, there is a retest to the 70-71 area. Play cautiously. In oil I always stick with one lot, the second one is there to average out and get out. Sometimes the runaway is too brutal I put in hedge in different accounts. So far oil had been hard to tame, but I am getting there.
All in all, in today's market, trade light will most likely be proven correct in retrospect in a week or two. Never short a dull market either... I am staying put until I read the market action history of today tonight.
Oh, BTW, did I mention tomorrow is tipple witching day. It is the time to deal the most painful crowd the fatal strike. This crowd is the shorting crowd, obviously, so, tomorrow could be a cruel up day too. I might put in some two side bouncing trades to participate in this short squeeze.
Happy trading.
Oh, BTW, did I mention tomorrow is tipple witching day. It is the time to deal the most painful crowd the fatal strike. This crowd is the shorting crowd, obviously, so, tomorrow could be a cruel up day too. I might put in some two side bouncing trades to participate in this short squeeze.
Happy trading.
Have you tried trading half size QMX8 contract. Volume is ok and it is arbed
to CLX8. Crude can easily move $2.50 either way on news.
great result!
I guess you are doing swing trading.
What is your min reward risk ratio you are targetting?
I see that for your crude oil, your stop loss is around 100 ticks.
so do you target profit > 200 ticks?
I do not use stop loss, that auto order is set for profit taking. I do not do stop loss, I monitor the situation and cut loss in a much more complicated multi-step, multiple accounts way. When that situation arise, I will explain. The goal is a loss eventually need to be a win, cash wise combined.