Being early in market at right level......but impatient to wait for other traders to catch on.

[Handle123]

My signals, am very much like 100% geared to results of back testing, I already know of the 1000 plus times of "thinking" I should do different than strategy, but wrote them down in my "Dumb" journal and not actually do them, I came out 95% plus would have done wrong things to do. I know that how "I" see what is happening my brain sees it like a novice and my back testing sees it opposite. Whatever my rules dictate, I trade them as such. I am huge on either day trading or weekly charts based on time durations and again based on back testing. The trade must go the direction I want it to go in either so many one minute bars or weekly bars of am seeking to get out with enough to cover fees, I have always found that except for option time decay, price stagnation ends up being in negative territory more than 70% of my trades if I allowed to stay in when I could have gotten out. And one system I know I will be wrong 85% plus of the time of getting in early, have to be hedged but still have time stops. And almost every time thereafter, getting in at better price anyway.

Good fortune to you.

 

[i960]

Another example of great entries, but no follow through on the day until the very last minute in the close.....Lame as hell. Really annoying when you try to daytrade futures, and it takes next session to make the move.....

Yeah but wasn't this the API report?

 

[SunTrader]

Not a question of "other traders catching on". A question of some short traders getting squeezed by someone - very light end of day volume. If the someone didn't squeezed them no rise to miss. Meanwhile the trend in overnight globex period was down. Trade multiples of QM, instead of higher margin CL, in that situation and hold into open (or longer if PA dictates).

 

[heavenskrow]

Yeah but wasn't this the API report?

Yes your right.....but my edge was saying it was a good area to buy before API. I believe some other professionals/smart money already knew what was coming out

The aftermath of the entry overnight....I can't believe this. Technically I had a stop in pretty much near LOD but didn't want the stress of having to worry about a position afterhours/overnight.....also price action as much as it did make a higher low post LOD, it was also technically chopping with a lower high after LOD hence I needed to get out before API...
Another coulda woulda shoulda......but its really frustrating to daytrade futures when the entry is almost perfect, yet the move happens next session. I will take SunTrader's suggestion of trading QM to hold instead of CL.....