CL Redux

Just traded TF today. No conviction or follow through on these 2. Too chopped out with the direction up for grabs. And another thing is that while a lot of you are up early in EST to check and see what's up I'm sleeping. :) Yes life is really tough in Santa Barbara. :)

I used to work 15 hour days doing this and would get up at 4:30 or 5:00 AM PST (7:30 to 8 AM your time) to try to catch a move. I rarely did find a good one, although I was trading equities then. Then I'd sit there all day, maybe take a very short break for breakfast/lunch, take a couple of hours off for dinner and a little TV, and I'd maybe go to bed around 10:30 to 11 PM. Ones body doesn't want to sit in front of a computer for 15 hours day after day. It's not healthy. I do get up to catch the market open and first couple of hours which frequently has the most "predictable", if one can use that expression, and more clearly defined, moves.
 
from lack of activity around here you can really tell we are in no man's land. 92.50 is next big area of resistance from looking at the profile. So I guess I'll just buy a bunch here sell some at r2 and let the rest ride to 92.50. Stop below what was r1.
 
Quote from riskaddict:

from lack of activity around here you can really tell we are in no man's land. 92.50 is next big area of resistance from looking at the profile. So I guess I'll just buy a bunch here sell some at r2 and let the rest ride to 92.50. Stop below what was r1.
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Sorry I was looking at the CLH1 chart by accident for res for jan contract is around 91.60, either way same concept :p
 
I think I might just not start trading until after 11 this churning is just stupid although a couple years ago before I actually knew anything I would crush it because it is the ideal environment to add to losers.
 
Talk about damage control.

I was too busy pissing around with the stupid back and forth action previously that I wasn't keeping a clear mind and managing my trades correctly.

These last 2 breaks of the HODs have netted me +39 ticks and brought me back to positive on the day. Could have had a little bit more on the first break since I was trying to let it run a little bit, but after it pulled back I ended up taking +20 on its way back up. I like the trades that instantly go +10 in your favor before you have a chance to put a stop in. :)

I was really getting frustrated with the first part of the morning because I was being stupid. The day could have been a lot better if I wouldn't have tried to make something out of nothing.

I had one trade where I got in a little early, told myself when I'd move my stop to b/e, it did exactly that making a double bottom, I didn't move my stop because I didn't want a b/e trade and thought there was more downside, and ended up with a loss.

And now that I'm positive on the day, after going through all of that, taking 3 stupid losses in a row, I feel like I should just watch the rest of the day so I don't give it back.
 
Quote from FirstDegree:

Talk about damage control.

I was too busy pissing around with the stupid back and forth action previously that I wasn't keeping a clear mind and managing my trades correctly.

These last 2 breaks of the HODs have netted me +39 ticks and brought me back to positive on the day. Could have had a little bit more on the first break since I was trying to let it run a little bit, but after it pulled back I ended up taking +20 on its way back up. I like the trades that go an instantly +10 in your favor before you have a chance to put a stop in. :)

I was really getting frustrated with the first part of the morning because I was being stupid. The day could have been a lot better if I wouldn't have tried to make something out of nothing.

And now that I'm positive on the day, after going through all of that, taking 3 stupid losses in a row, I feel like I should just watch the rest of the day so I don't give it back.
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Glad you got your money back. :)
 
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