CL Redux
- Thread starter schizo
- Start date
Planned to trade live today. Pre-market, liked the failed breakdown of the low and thought to go long @ 80.65 with the buyers coming in for at least a little bounce if nothing else, and then couldnât pull the trigger.
Later saw a solid short signal, shooting star off a failure to test the high, leaving a lower high and again the choppy price action near the extreme, made me hesitant to take the trade.
Decided it was a mental block against trading live. Switched to sim and had no problem jumping on my signals, though I mismanaged the first trade pretty badly.
Trades attached and reasons below:
SH @ 82.02 when sellers came in at the upper Keltner, leaving a lower high. Covered half @ 81.92 for no good reason. Then instead of trusting this solid signal to lead price to the lower Keltner (which it does far more often than not), I trailed a stop too close and exited the other half @ 81.88 and we all know how the story continued from there. F11: wow, just wow. You couldâve charged admission to that trade.
SH @ 81.27 after buyers came in from a deep lower channel overshoot, but then the price action seemed really weak. Cover half @ 81.14, forgot to note why. Then covered 2nd half @ 80.90 because ES appeared to be putting in a higher low and this was a decent 3rd push down.
SH @ 81.84 when previous resistance was tested and failed. Covered all @ b/e when the ATM appeared to jam.
Traded only 2 lots because that's what I planned to trade live, net $707 toward my sim Ferrari.
Later saw a solid short signal, shooting star off a failure to test the high, leaving a lower high and again the choppy price action near the extreme, made me hesitant to take the trade.
Decided it was a mental block against trading live. Switched to sim and had no problem jumping on my signals, though I mismanaged the first trade pretty badly.
Trades attached and reasons below:
SH @ 82.02 when sellers came in at the upper Keltner, leaving a lower high. Covered half @ 81.92 for no good reason. Then instead of trusting this solid signal to lead price to the lower Keltner (which it does far more often than not), I trailed a stop too close and exited the other half @ 81.88 and we all know how the story continued from there. F11: wow, just wow. You couldâve charged admission to that trade.
SH @ 81.27 after buyers came in from a deep lower channel overshoot, but then the price action seemed really weak. Cover half @ 81.14, forgot to note why. Then covered 2nd half @ 80.90 because ES appeared to be putting in a higher low and this was a decent 3rd push down.
SH @ 81.84 when previous resistance was tested and failed. Covered all @ b/e when the ATM appeared to jam.
Traded only 2 lots because that's what I planned to trade live, net $707 toward my sim Ferrari.
I traded live today real money on CL in the Chaos ET moderator's futures free chat room.
I can see why you like trading cl, it moves more than es and faster, only took me 1 min to reach a profit.
I can see why you like trading cl, it moves more than es and faster, only took me 1 min to reach a profit.
Well, after I hesitated to take that long in premarket, and then hesitated on the later short, it appeared the trend was turning and so I was with-trend on those initial trades.
I definitely missed a good long entry later on when that hammer was left behind after the 3rd push down. You guys were working that move. I'd just closed out prior to the final push of the down move and then it bounced pretty quick and I didn't want to go long with such a wide stop.