CL Redux

Quote from gov:

1) Should you not be in long here??

2) Edit: I feel like I should give you 1/2 of the last trade. Your timely news made me feel all warm and fuzzy in that trade! In Al Brooks terms, that initial trade was an L2, double reversed(requires 3x initial trade) at .88/.89 (a failed L2, a very high probabilty trade in Brooks estimation) and one I particularly treasure. I am a bit sad he published these things...lol!
More...

1) Yes, I should have gone long in the 11:50-55 bar at .60-ish (add at .70, wait for a pullback, add at .80-ish) and targeted a test of the previous LOD, but you can see I was writing things like "up, up"; "go baby, go"; "fuck"; I'm jinxed"; etc., all markers of loss of focus and a tell of being in risk of going on tilt, more so after closing that short at the very tick it tanked and then thinking of shorting the first retest to the upside of the LOD, so I walked away.

2) Hmmm... ok, my account number is... hahaha, you're too kind, Gov, I'm glad you did well. I like how you reverse without going crazy.

---

Nice trading, Blox, way to go.
 
Still a mixed day, but I think the equities have one more push up, maybe to 86.

Copper and oil (& gas & HO) only major markets significantly down (ok, and the Nikkei because the yen is up).
 
sim

long .29

bid .05 before, didn't get filled, not in a state of mind to chase & past my deadline anyway.

Gunning for a bo of that minor high, target contingent on what the ES, euro and gold do.

Stop 10 ticks.

Will add

:59 bid .39 to add stop to be at .29

:01 cancel bid to add, not sure what to do with euro totally asleep

:04 it keeps pushing up, but honestly, not seeing it - would have been a nice clean trade from 81.00-ish, though :(

Open and HOD a tad too far away, not seeing any clear cluster of stops to target :confused:

:14 still only one car on, I'm ok with not having added more aggressively because really I had no good reason to. Thought of placing a stop to add at .40, but that area had many shadows, so thought it prudent to wait for a pullback (which happened and touched .39), but then everything else seemed to lack ooomph, so...

Will add another car on a sweep down in oil if ES pushes its HOD or if euro/gold wake up.

:21 didn't add on that mini-pullback (euro dipping a bit).

Placed a stop-limit at 82.11 just in case - I doubt we're getting there, but if we break we might break hard.

:22 bid .62 (fishing in the increased volatility) --> cancel bid, thought I could get high .50s

Oil >20 car lots tape painting red, but ES too close to HOD not to try to pop it (imho, as always :D)
 
Quote from Picaso:

sim

long .29

bid .05 before, didn't get filled, not in a state of mind to chase & past my deadline anyway.

Gunning for a bo of that minor high, target contingent on what the ES, euro and gold do.

Stop 10 ticks.

Will add

:59 bid .39 to add stop to be at .29

:01 cancel bid to add, not sure what to do with euro totally asleep

:04 it keeps pushing up, but honestly, not seeing it - would have been a nice clean trade from 81.00-ish, though :(

Open and HOD a tad too far away, not seeing any clear cluster of stops to target :confused:
More...

My gosh, your mind is so cluttered; please let me help a bit. I took this trade you are talking about. I had a resting order at 81.02; it filled at 10:38:37 and ::38. Now, I knew I didn't want to see a new local low, so the stop goes below there. That's the long bar with the sideways consolidation trade thing again, just like earlier, on the 15 minute chart. Now, reference the attached 3 minute chart. just move your stop up along the bottom of the 3 min bar after it closes. If you get a long bar, when it closes move it to about the middle. There, no more mind clutter. Doesn't that feel better? stopped out of that trade at 81.64. Very little mental torment here.
 

Attachments

Wow so much is clear in hindsight, I felt CL had reversed but managed to lose $ 460 in sim, part of that for trying to fade ES with NO confirmation from indicator. 2nd issue was I went long on CL but stop was too tight based on chart, so stopped. 3rd trade long on CL finally worked, but could not erase previous bad trades.

Issues:

1) Over trading without confirmations.

2) Need to treat sim as real or remember what I was thinking since for ES, I thought we were in a trend up, and there was no reason to short it instead need to wait for indicator confirmation to go long.

3) Need to remember trade setups during trading, and be able to see them on charts.

4) Candle confirmation is working on CL today, so no reason to pick tops or bottoms.

Solutions:

1) Take no more than 2 trades per day real money, and this is only if I keep my stops normal or use less contracts. If I take multiple contract trade and hit a big loss, wait till next day to trade.

2) Don't trade after hours, and don't leave contracts over night with no stop or target.

3) Don't trade CL after 12 pm PST since even though ES is still open, this is when CL will usually fall asleep.

4) Don't try to pick tops or bottoms. For example if CL is trending down, it is trending down, and supports will be broken. However, reversals are real, especially when you see strong momentum candles.

Quote from Picaso:

sim

long .29

bid .05 before, didn't get filled, not in a state of mind to chase & past my deadline anyway.

Gunning for a bo of that minor high, target contingent on what the ES, euro and gold do.

Stop 10 ticks.

Will add

:59 bid .39 to add stop to be at .29

:01 cancel bid to add, not sure what to do with euro totally asleep

:04 it keeps pushing up, but honestly, not seeing it - would have been a nice clean trade from 81.00-ish, though :(

Open and HOD a tad too far away, not seeing any clear cluster of stops to target :confused:
More...
 
Quote from gov:

My gosh, your mind is so cluttered; please let me help a bit. I took this trade you are talking about. I had a resting order at 81.02; it filled at 10:38:37 and ::38. Now, I knew I didn't want to see a new local low, so the stop goes below there. That's the long bar with the sideways consolidation trade thing again, just like earlier, on the 15 minute chart. Now, reference the attached 3 minute chart. just move your stop up along the bottom of the 3 min bar after it closes. If you get a long bar, when it closes move it to about the middle. There, no more mind clutter. Doesn't that feel better? stopped out of that trade at 81.64. Very little mental torment here.
More...

It's the Catholic education I had as a child, I still have side effects... :D

Thanks, Gov, I thought you were gone for the day.

I know, get long at the test of the minor low, stop below said low, but I wait to see how it reacts and was a tad too slow this time (basically because I hesitate), but thanks, much appreciated.
 
Quote from Picaso:

sim

long .29

bid .05 before, didn't get filled, not in a state of mind to chase & past my deadline anyway.

Gunning for a bo of that minor high, target contingent on what the ES, euro and gold do.

Stop 10 ticks.

Will add

:59 bid .39 to add stop to be at .29

:01 cancel bid to add, not sure what to do with euro totally asleep

:04 it keeps pushing up, but honestly, not seeing it - would have been a nice clean trade from 81.00-ish, though :(

Open and HOD a tad too far away, not seeing any clear cluster of stops to target :confused:

:14 still only one car on, I'm ok with not having added more aggressively because really I had no good reason to. Thought of placing a stop to add at .40, but that area had many shadows, so thought it prudent to wait for a pullback (which happened and touched .39), but then everything else seemed to lack ooomph, so...

Will add another car on a sweep down in oil if ES pushes its HOD or if euro/gold wake up.

:21 didn't add on that mini-pullback (euro dipping a bit).

Placed a stop-limit at 82.11 just in case - I doubt we're getting there, but if we break we might break hard.

:22 bid .62 (fishing in the increased volatility) --> cancel bid, thought I could get high .50s

Oil >20 car lots tape painting red, but ES too close to HOD not to try to pop it (imho, as always :D)
More...

The saga continues...

:35 bid .43 stop to .34

:41 upped bid to .45, filled & be to .37

Target a break of the HOD - unlikely, but the ES has been so sleepy that if it makes a move stops are going to jump left and right.

No more adds (after hours) - should have killed this at .60 anyway.
 
Quote from Picaso:

It's the Catholic education I had as a child, I still have side effects... :D

Thanks, Gov, I thought you were gone for the day.

I know, get long at the test of the minor low, stop below said low, but I wait to see how it reacts and was a tad too slow this time (basically because I hesitate), but thanks, much appreciated.
More...

Just back and took that trade. Have a missing sportsbra issue that is apparently paramount (and my problem--chuckle)...long story...

As for the Catholicism, maybe if you don a éאַøîì÷ò you'll catch the feeling?

:D :D

Edit: Ooh, that translated incorrectly. Non Hebrew computer at elite trading?? Oh, the indignity! I meant to say, and did say, maybe if you don a yamaka, that might help. :)
 
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