CL Redux

Quote from dejavu8:

i indeed feel tired with early trading (not large position trading) and take nap whenever market is dead.


i remember i mentioned i treat average down thing as a accumulation of position in trend reversal zone, and i never take a straight out a larger position (don't like to trigger bot trading). it seems to me longs sometime yield bigger profit while shorts offer more chances.

not all trades are 5 ticks obviously, for instance, yesterday one trade with 8 cars got about 13 ticks, net $1036 in one trade.

detailed trading is here:

1 lot 101.56 (net profit)(commission changed to 2.11)
1 lot 45.78
2 lots 101.56
1 lot 45.78
6 lots 744.68
7 lots 720.46
1 lot 105.78
1 lot 115.78
2 lots 201.56
8 lots 1036.24
6 lots 294.68
1 lot 105.78
3 lots 347.34
2 lots 101.56
1 lot 55.78
1 lot 45.78


it's just simple math that candle will always touch moving average given sufficient time. so that's 100% sure.
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And you honestly believe you are the very first person on earth to discover this simple fact? That literally thousands of other traders smart as and much smarter than you overlooked this simple holy grail?

There can only be two endings to this story:

#1: you are a superior mind who has it all figured out, and that superiority is proven by a 100% win rate with no losses.

#2: you quit the thought process way too soon while patting yourself on the back for uncovering the holy grail right in front of everyone else' eyes. you have not researched backwards in time long enough to see what happens when CL futures are trending instead of rolling sideways as they have been for a long time now.

so it's one or the other. you are a pure genius who figured out something that countless thousands of others could not do. or countless thousands of others learned the same lesson you someday will

there is no third choice there :)
 
Quote from NoDoji:

If your account's a decent size, leverage is an edge. Just be careful with that 100% sure thing. I just finished the story of LTCM, which also had a 100% sure thing, but didn't have sufficient time in the end.

"We didn't lose the game; we just ran out of time." - Vince Lombardi
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thanks, the max size i have ever taken for CL was 14 cars, which your account can also afford. it's not that risky when you have a vision for its range before you enter your first entry.
 
Quote from austinp:

And you honestly believe you are the very first person on earth to discover this simple fact? That literally thousands of other traders smart as and much smarter than you overlooked this simple holy grail?

There can only be two endings to this story:

#1: you are a superior mind who has it all figured out, and that superiority is proven by a 100% win rate with no losses.

#2: you quit the thought process way too soon while patting yourself on the back for uncovering the holy grail right in front of everyone else' eyes. you have not researched backwards in time long enough to see what happens when CL futures are trending instead of rolling sideways as they have been for a long time now.

so it's one or the other. you are a pure genius who figured out something that countless thousands of others could not do. or countless thousands of others learned the same lesson you someday will

there is no third choice there :)
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of course i'm not the first one to realize this. the key for this strategy is your first entry point and where and how you should average down, which is my edge of my current system. thanks anyway.

btw, i have no attention to teach anything here or demonstrate anything that will work, just how my random trades go.
 
I'm happy that is working out for you, DV. My account is rather small, hence my conservative style. I'm up 51 ticks on 1 lot with no heat and my largest risk was $100. :cool:
 
Quote from riskaddict:

If we go up to 82 tonight I'll be looking to get short. Although I don't see it getting above 81.80 Maybe I'll scale in. 81.85, 82.25, 82.85 scaled stops 83.325, 83.675... Still looking for 80 and then 78.80.
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Although I guess if I was smart I would have been short more than 1 lousy QM
 
Quote from riskaddict:

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Although I guess if I was smart I would have been short more than 1 lousy QM
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i shorted this jump with 7 cars but exit too early at 81.02 in first dive bottom.
 
Quote from schizo:

This thread is created to provide an ideal place for those who trade the crude oil futures (CL) to generate and exchange ideas, as well as post live calls. You're well advised to follow a few simple rules regarding DOs and DON'Ts:

1) Do post trades in Real time, including entries and exits (stops are optional*).



  • UPDATE 1

    7a) Opening Trades:
    From now on, all opening trades MUST be posted in realtime. No exception.
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