CL Redux

[Blotto]

Quote from startraitor:

Ok, just 82.35.

Ok, that is more reasonable. You may get a chance at that now. Last .55.

 

[Blotto]

Quote from NoDoji:

Thanks. If I wasn't countering a micro-trend to the upside and also shorting near a pretty significant support zone, I would've been more patient leaving my stop @ b/e. Also only trading 1 lot, so couldn't scale.

Problem with stop at 76 is that it is likely you would have been high ticked. Best to get out and back in in those cases. There was a chance to sell again as it crossed 60 to the downside the third time.

Quote from Blotto:

Ok, that is more reasonable. You may get a chance at that now. Last .55.

You got it - did you take profit?

 

[startraitor]

Out 82.35, I consider that low 82's but I have been drinking too much vodka.

Quote from startraitor:

short 83.85, stop .20 target .40

 

[NoDoji]

Quote from Blotto:

Problem with stop at 76 is that it is likely you would have been high ticked. Best to get out and back in in those cases

I hesitated at the "get back in " part, right around 82.55. Booking a nice profit today and got protective all of a sudden.

 

[enochbenjamin]

Quote from NoDoji:

I hesitated at the "get back in " part, right around 82.55. Booking a nice profit today and got protective all of a sudden.

Well I jumped in for you @ 55 and I was shocked my 5¢ stop didn't get taken out. got out at peak volume for +21

 

[Blotto]

Quote from NoDoji:

I hesitated at the "get back in " part, right around 82.55. Booking a nice profit today and got protective all of a sudden.

Shame, this looks like it will keep sliding.

Not to worry - just carry on booking nice profits each day and soon there will be no hesitation.

 

[NoDoji]

Calling it a day with CL, +$426.

Best trade today was an ES momentum trade during the selloff, 2 lots short @ 1194.50, covered 5 mins later @ 1188.50 for +592.

I attached my blotter for timing, but I think I called my trades pretty close to real time, except the early scratch trade, no time to post.

 

[Blotto]

Quote from Blotto:

Shame, this looks like it will keep sliding.

Not to worry - just carry on booking nice profits each day and soon there will be no hesitation.

Very close to end of day. I'd cover
(intraday) shorts here.

 

[Blotto]

Quote from NoDoji:

Calling it a day with CL, +$426.

Best trade today was an ES momentum trade during the selloff, 2 lots short @ 1194.50, covered 5 mins later @ 1188.50 for +592.

I attached my blotter for timing, but I think I called my trades pretty close to real time, except the early scratch trade, no time to post.

Good trading. I don't understand the first CL trade though. A brain fart? Don't ever sell in that location. No trade there.

 

[NoDoji]

Quote from Blotto:

Good trading. I don't understand the first CL trade though. A brain fart? Don't ever sell in that location. No trade there.

Shorted when price pulled back from a lower high through the 20MA, but exited b/e when there was no follow through. I need follow through out of narrow ranges or I'd rather bail and re-evaluate.