adding another short at .80 looking for 77 stop now in place
CL Redux
- Thread starter schizo
- Start date
trying to short .87, add 78.10
add 78.05 as well.
today = -$300
total trades = 14
Mistakes:
tried to fade the down move trend in the morning, which caused max drawdown ( This is 3rd time I have repeated this mistake )
Yesterday I resisted fading a strong move and I was profitable ..
I don't know why I try to act smart while trading, if I just trade like a stupid fella entering only the BO's I could be SIM rich today and I guess everyday.
From tomorrow I will try to "KISS the CL"
total trades = 14
Mistakes:
tried to fade the down move trend in the morning, which caused max drawdown ( This is 3rd time I have repeated this mistake )
Yesterday I resisted fading a strong move and I was profitable ..
I don't know why I try to act smart while trading, if I just trade like a stupid fella entering only the BO's I could be SIM rich today and I guess everyday.
From tomorrow I will try to "KISS the CL"
Quote from NoEmotions:
today = -$300
total trades = 14
Mistakes:
tried to fade the down move trend in the morning, which caused max drawdown ( This is 3rd time I have repeated this mistake )
Yesterday I resisted fading a strong move and I was profitable ..
I don't know why I try to act smart while trading, if I just trade like a stupid fella entering only the BO's I could be SIM rich today and I guess everyday.
From tomorrow I will try to KISS the Market
Do you have hard-coded entry rules or you enter at your discretion (same for exits)?
Do you have an objective method to determine the strength (or lack thereof) of the trend?
You're placing a more reasonable number of trades, you should congratulate yourself on that.
startraitor
exit 77.80, playing with too slim of margin this late in the day.
If we take out the highs I will put on an afterhours short.
Registered: Jan 2008
Posts: 2360
09-29-10 01:55 PM
add 78.05 as well.
--------------------------------------------------------------------------------
Quote from startraitor:
trying to short .87, add 78.10
--------------------------------------------------------------------------------
exit 77.80, playing with too slim of margin this late in the day.
If we take out the highs I will put on an afterhours short.
Registered: Jan 2008
Posts: 2360
09-29-10 01:55 PM
add 78.05 as well.
--------------------------------------------------------------------------------
Quote from startraitor:
trying to short .87, add 78.10
--------------------------------------------------------------------------------
Quote from Picaso:
Do you have hard-coded entry rules or you enter at your discretion (same for exits)?
Do you have an objective method to determine the strength (or lack thereof) of the trend?
You're placing a more reasonable number of trades, you should congratulate yourself on that.
1) mostly based on PA no way near NoDoji but one day I wish to.
2) strength with which the support / resistance was approach / broken.
3) Yes I am happy about that, I respect my max daily drawdown which is $400, as I do not want to go broke trading 1 wrong day, today I reachead my drawdown pretty quickly, if I loss 4 straight trades in a row that means my thinking and market movement are not in synch its better to step aside.
