CL Redux

I also did a long CL trade today. However, is it really counter trend or actually a reversal of trend or a continuation of a previous yearly trend.

Quote from NoDoji:

I have my sim account on one PC acting as the data feed for my futures charts, and my live account on another PC. I have no idea if you can run both on the same computer at the same time, but I sure wouldn't want to. I test some crazy stuff in my sim account at times and wouldn't want to, say, accidentally put on 10 lots 30 seconds before inventories in the live account. Unless it was really profitable. Then I'd definitely want that to accidentally happen.

Speaking of sim, I realized I never did a pure counter-trend long trade with CL. I've done many successful pure counter-trend short trades, yet have missed hundreds of beautiful counter-trend longs since I started trading this thing. So recently in sim I practiced it just to prove to myself that it's possible for me to click on the left side of the DOM when price has fallen a long long way, and today I took 2 counter-trend long trades live. I expected the world to end when I did it, but amazingly the only thing that happened was price ticked up, kind of like it tends to do after falling a long long way. Who'da thunk?
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Quote from oraclewizard77:

I also did a long CL trade today. However, is it really counter trend or actually a reversal of trend or a continuation of a previous yearly trend.
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If, in my time frame, price has been moving down a lot and now is in the process of moving down a lot more and without any signal whatsoever that the move is over, I decide to go long, that is pure counter-trend.
 
Quote from Picaso:With IB bare you'll need two computers to run both live and sim DOMs
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You can run multiple instances of TWS on the same computer. No problem at all. Just run your TWS twice - log in one with the regular account, the other time with the paper account. You do want to change the API port on one of them (either) from the default 7496 to something else... let's say 7499 or whatever for the paper version. Check the menu option Configure > API > All API settings. Then run IB's DOM or if you are using other apps to connect to TWS, just set them to appropriate ports: 7496 if you want to trade live, or 7499 if you want to trade paper.
 
Quote from DarthSidious:

You can run multiple instances of TWS on the same computer. No problem at all. Just run your TWS twice - log in one with the regular account, the other time with the paper account. You do want to change the API port on one of them (either) from the default 7496 to something else... let's say 7499 or whatever for the paper version. Check the menu option Configure > API > All API settings. Then run IB's DOM or if you are using other apps to connect to TWS, just set them to appropriate ports: 7496 if you want to trade live, or 7499 if you want to trade paper.
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Thanks Darth, good to know about the port trick. :)

Edit: Thanks Mr. Bo Chin, let's go get them!
 
Quote from riskaddict:

Short 3 QMs at 80.90 1st stop 81.275
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About 45 mins after I made this trade I had some major computer issues. I'm still short 2 contracts and am pretty much right where I left off. For today I'm placing a stop at 81.65 but then will add another short 3 contracts at around 82.30 if we get there. If we get below 80.80, 80 will seem like a given. have a good day I've got to get in as much golf as I can before it gets to cold!
 
fwiw: heads up on the start of G-20 meeting in Seoul today. All G-anything meetings usually churn currency markets to a froth, with out-of-blue spikes and dives at any point on the chart.

don't be a hero today... work it with caution if you aren't already done for the session
 
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