CL Redux
- Thread starter schizo
- Start date
Quote from mrbochin23:
it's not I am just looking someone to blame my frustrations!!
Oh well tomorrow will be another day.
mrbochin this technique should help you with your trading. Lets say you f$$cked up todays trade worth $1000 dollars to you. Take 10 pieces of paper and write $100 on each of them. Next put them in a pile and light them up. Watch them burn and think hard about what your action or inaction caused.
I hope this helps, have a great day
my 3 short qm's will be covered at 73.80 if we get there. I'm wondering why I didn't stick to my plan and add at 75.75. Ya'll had me scared with this 76.40 area.
Overall petroleum stockpiles, a combination of oil and fuel inventories, climbed 196,000 barrels to 1.14 billion, the highest level since at least 1990, according to the report.
âThe headline numbers were supportive, so I understand why prices rallied immediately, but they masked a build in total inventories,â said Tim Evans, an analyst at Citi Futures Perspective in New York. âThereâs still a big surplus.â
http://www.bloomberg.com/news/2010-...report-shows-unexpected-drop-in-supplies.html
(Just kidding - what a wasted day)
Thats just great. The guy missed a few thousand $, now you are trying to burn his house down. really cheer him up.
exit BE
It's amazing, how this setup work, with Value Area, another tip, like a mention early in the morning for the EIA report:
This I learned from Mark Fisher (Biggest Oil trader in the PIT) back when he was a trader:
You wait for the report then take the range of the next 15 minutes, after to whatever side it breaks first that it's most likely the direction of the market for the day. It has work for me 6 out of the last 7 EIA report, although I haven't take all the trades yet, and the Value Area one you guys have been witness that once it gets in and hold into the Value area for 20-30 minutes most of the time it hits the other side.
This I learned from Mark Fisher (Biggest Oil trader in the PIT) back when he was a trader:
You wait for the report then take the range of the next 15 minutes, after to whatever side it breaks first that it's most likely the direction of the market for the day. It has work for me 6 out of the last 7 EIA report, although I haven't take all the trades yet, and the Value Area one you guys have been witness that once it gets in and hold into the Value area for 20-30 minutes most of the time it hits the other side.
I was just joking of course. But I'm thinking this would be a great thing to have a new trader do (safely). As new traders with well funded accounts tend to disassociate with their losses and think 'yeah I'm a big trader I can take a loss, It's the cost of doing business, tomorrow I'll make back double'.
covering all but one here at 74.05. Targeting 73.40 tomorrow