CL Redux

Thanks NoDoji for the detailed explanation.

I will pay more close attention at those BO price levels and most probably go with the trend.

I would definitely donate to the charity but from the profit I make trading CL not by blindly fading strong bull trend :)
 
Anyone here fully automated?

I'm going to start posting my trades here next week . Some days I will not get a signal. I figure that I better adapt and start using a computer to trade since that seems the way of the future. I have a method that is good on paper but we shall see how it does live. See you all next week.
 
Quote from blox87:

Anyone here fully automated?
More...

I'm in the process of automating, because I've been struggling so badly with trading all my valid setups instead of picking out setups I think are the best. (Some of the best-looking setups fail quickly and some of scariest-looking ones result in 60-100+ tick moves.)

The funny thing is that once the major execution bugs were worked out of the program recently and I saw what happened when it traded all valid setups regardless of news, trend, 20-bar MA, moon in the 7th house, or Mercury in retrograde, it gave me the confidence to trade a whole lot more of my setups. I know this will come as a complete shock to those of you who know me, but I actually had seven LONG trades last week :D
 
exit .79


startraitor


Registered: Jan 2008
Posts: 2351


09-26-10 06:40 PM

add .69





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Quote from startraitor:

long 76.78
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How do you guys/gals reverse your position as soon as you find out that you have entered a false BO with not much impact to slippage and also not missing the strong reversal move.

I use bracket orders for entry.

Today morning I took the long BO at
7:32 and 7:44 am and I soon realized that this is a false BO, but my hands were frozen , I did know if I need to click Reverse button which will be market order or put a sell limit order for double the position ( to get out and enter short ) .
 
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