CL Redux
- Thread starter schizo
- Start date
SIM
Net = +280
Trades = 4
Missed 1 good trade, away from desk.
Net = +280
Trades = 4
Missed 1 good trade, away from desk.
ND,
What did your total monthly ticks reach for october, november, and how is dec going?
What did your total monthly ticks reach for october, november, and how is dec going?
October was a record month, Nov not far behind it, and Dec is behaving not much differently. I have a very specific set of trading rules and I'm getting better and better at following them, so unless price action behavior, which seems to have behaved the same in all time frames as far back in time as I can tell, suddenly changes, I think I've found a reliable way to make a living.
Of course a "black swan event" can change everything, but I trade very small size.
have you moved up to 2 lots yet? if not when do you anticipate the move?
Hi Nodoji,
btw... do you have any more openings in your tutorial/mentoring institute? I'm even willing to consider Indentured Servantry (i.e. paint the house, cut the grass, wash the car) for the opportunity to "SEE" the proper entry setups on a consistent basis. Just when I thought I was "getting it", I experience days like today, when I was on the wrong side of most trades... aaggrughh!!
I guess I'm feeling a bit like Charlie Brown's Christmas Tree...
Walter
btw... do you have any more openings in your tutorial/mentoring institute? I'm even willing to consider Indentured Servantry (i.e. paint the house, cut the grass, wash the car) for the opportunity to "SEE" the proper entry setups on a consistent basis. Just when I thought I was "getting it", I experience days like today, when I was on the wrong side of most trades... aaggrughh!!
I guess I'm feeling a bit like Charlie Brown's Christmas Tree...
Walter
Quote from NoDoji:
Nice trading NE and thanks for the kind words. I too am indebted to Al Brooks!
The CL price action prior to the FOMC announcement shows very clearly the exact time period I was away from my desk. Sorry for not announcing. It was the cleanest short signal of the day.
Today, had 2 losses on ES, and 1 loss on CL. All trades have been long trades, but then turned things around, went long on ES and CL, and both paid off to end me slightly positive.
On that 1st trade on CL, I guess I was trying to pick the bottom. On the 2nd I actually had a real setup for the reversal.
Thoughts on the 1st CL trade, I guess I could and should have shorted to target but thought I was getting in late and could not check earlier since my internet was down. Instead I put a limit order in near support, and of course CL broke support and stopped me out.
However, my thought continues that we are still in a CL bull market, so instead of riding the break with a short, I waited and got a real long setup, and yes CL reversed back above previous support.
I think instead of just placing an order to go long support, I should have waited for a valid setup to go long there. Sometimes its better to go long a worse price or go short a worse price that pick the exact top or bottom.
The above were real trades, but then decided to sim short CL thinking the long move was finished since stoch was also reversing. Of course once trend has reversed long, price ignored stoch, and stopped my sim trade out.
On that 1st trade on CL, I guess I was trying to pick the bottom. On the 2nd I actually had a real setup for the reversal.
Thoughts on the 1st CL trade, I guess I could and should have shorted to target but thought I was getting in late and could not check earlier since my internet was down. Instead I put a limit order in near support, and of course CL broke support and stopped me out.
However, my thought continues that we are still in a CL bull market, so instead of riding the break with a short, I waited and got a real long setup, and yes CL reversed back above previous support.
I think instead of just placing an order to go long support, I should have waited for a valid setup to go long there. Sometimes its better to go long a worse price or go short a worse price that pick the exact top or bottom.
The above were real trades, but then decided to sim short CL thinking the long move was finished since stoch was also reversing. Of course once trend has reversed long, price ignored stoch, and stopped my sim trade out.
In the spirit of keeping our focus and concentration at its highest level, we booted everyone from the institution...uh, I mean institute except some crazy guy who thinks I'm holding pork bellies in my freezer
If you post a chart of your trades here, I'm sure you'll get lots of good feedback!