CL Redux

[cstfx]

Quote from cstfx:

long QM 7150 50c stop

closed out 72.125

total for day for crude:

+50, +20, +0. -45, +62.5

Getting better but still need more work identifying better entry points and targets. Still only trading QM, not the full contract, but like I said yesterday, trading the mini's while I am learning I think gives me more time to allow a trade to develop and I don't get distracted by "how much I am losing" since every tick on the full contract is $10.

 

[trader198]

just back to the desk, looks we are climbing, long at 72.6 stop 72.4

 

[Picaso]

Quote from cstfx:

closed out 72.125

total for day for crude:

+50, +20, +0. -45, +62.5

Getting better but still need more work identifying better entry points and targets. Still only trading QM, not the full contract, but like I said yesterday, trading the mini's while I am learning I think gives me more time to allow a trade to develop and I don't get distracted by "how much I am losing" since every tick on the full contract is $10.

Nice job! Before switching to the full contract you may want to consider adding 1 or 2 mini contracts as your position moves in the money (which has the downside, however, that you will be stopped out at BE more often).

No trades here, missed a couple of fills and just didn't see the market clearly with euro going haywire.

 

[trader198]

stop to b/e

Quote from trader198:

just back to the desk, looks we are climbing, long at 72.6 stop 72.4

 

[Gabfly1]

Just in case anyone is interested, TF's RTH range today has been almost double that of ES. Surprisingly, it even beat out CL today, thus far.

 

[trader198]

stop to 72.9

Quote from trader198:

stop to b/e

 

[trader198]

out at 73.07 (sorry could not post it real time because the site did not allow me)

Quote from trader198:

stop to 72.9

 

[mabenn]

Quote from mrbochin23:

Closed my position at 71.51. Done for the day......I defently have to put a stupid sign in front of my wall say, follow your system!!!!!!!!!!!!!!!

I have made this month 16 trades and from those 16, with my system I have money in 12 out of 13 times, doing stupid things including yesterday when I almost wipe my whole account, I have lost 2 out of 3 times!!!!!!!!!!!!!!!!!!!!

Someone knows of a good book about Psychology of trading, I need to use my brain!!!!!!!!!!!!!!!!1

Peak performance course by Van Tharp at www.iitm.com

a 3-6 month course on YOU.

 

[Gabfly1]

You'd best keep a close eye on your wallet in the presence of someone pushing NLP.

 

[BlueStreek]

those shorts sure don`t want to take delivery in the june contract