CL Redux
- Thread starter schizo
- Start date
sim
shorted at .02 (sorry, late post)
reversed at .06
(started waaaay late today, looks like I picked the wrong day to miss the open and inventories, but moving to Thailand in a week and fixing aaaaall that last minute stuff)
Nice trades, by the way
:10 stop to be (was 10 ticks, sorry again, I'm a bit slow(er) today
:15 damn, I just remember I have to leave again, argh, leaving stop at be target at .78, so no add-ons or trailing
On second thought, I'm introducing also a stop-limit to short at .98 stop 10 ticks, open target
shorted at .02 (sorry, late post)
reversed at .06
(started waaaay late today, looks like I picked the wrong day to miss the open and inventories, but moving to Thailand in a week and fixing aaaaall that last minute stuff)
Nice trades, by the way
:10 stop to be (was 10 ticks, sorry again, I'm a bit slow(er) today
:15 damn, I just remember I have to leave again, argh, leaving stop at be target at .78, so no add-ons or trailing
On second thought, I'm introducing also a stop-limit to short at .98 stop 10 ticks, open target
If this correction is the real deal all signs point to the 86 area for support. 50 day ma, 50% fib from 11/22 to recent high, and the obvious huge daily TL that started back in August. So if we get below 88.85 look out below I may have left 100 tick on the table today but that will be peanuts compared to what is to come. To make today even more frustrating I left $2 on the coffee table.
I may have left 100 tick on the table today but that will be peanuts compared to what is to come. To make today even more frustrating I left $2 on the coffee table.target .66+
Well, I thought CL was going to go up. However, I bought near a small resistance and instead of waiting for the break, although I think NoDoji says its sometimes good to get in before the break, I went long market.
Right after, CL goes down against my position. Now I could have taken a standard stop, but instead used an emergency stop.
CL basically went at least 20 ticks against my position.
I was thinking about averaging in, but instead placed an order to see if ES would fill me at its lows which it did not.
Now I could of course just target BE and get out of the trade, but I decided to target at least next level which was my main target but decreased it by 2 ticks since I got in at a not so good setup.
I then did other things so I would not have to look at the screen anymore. In retrospect I should have probably waited for my indicated to confirm getting in at the trade, although indicator was positive at the time of the trade, it was also likely to reverse and indicate a short or no trade, or I could have had order waiting at support.
Anyway, I did have a strong bullish bias in that usually moves to the downside or upside can be overdone, and it was not like ES was confirming the down move in CL by being down 10 points or anything.
So long story short, I was playing StarCraft II, and heard my favorite sound in the world, target filled. So after 2 BE days, finally made money.
Right after, CL goes down against my position. Now I could have taken a standard stop, but instead used an emergency stop.
CL basically went at least 20 ticks against my position.
I was thinking about averaging in, but instead placed an order to see if ES would fill me at its lows which it did not.
Now I could of course just target BE and get out of the trade, but I decided to target at least next level which was my main target but decreased it by 2 ticks since I got in at a not so good setup.
I then did other things so I would not have to look at the screen anymore. In retrospect I should have probably waited for my indicated to confirm getting in at the trade, although indicator was positive at the time of the trade, it was also likely to reverse and indicate a short or no trade, or I could have had order waiting at support.
Anyway, I did have a strong bullish bias in that usually moves to the downside or upside can be overdone, and it was not like ES was confirming the down move in CL by being down 10 points or anything.
So long story short, I was playing StarCraft II, and heard my favorite sound in the world, target filled. So after 2 BE days, finally made money.
Quote from Picaso:
sim
shorted at .02 (sorry, late post)
reversed at .06
(started waaaay late today, looks like I picked the wrong day to miss the open and inventories, but moving to Thailand in a week and fixing aaaaall that last minute stuff)
Nice trades, by the way
:10 stop to be (was 10 ticks, sorry again, I'm a bit slow(er) today
:15 damn, I just remember I have to leave again, argh, leaving stop at be target at .78, so no add-ons or trailing
On second thought, I'm introducing also a stop-limit to short at .98 stop 10 ticks, open target
Stop trailed to .55 - will try to milk some more out of this trade with a sandwich
Stop to sell canceled
sandwich .60-.85
:08 sand .70-85
:10 sand .74-85
:10 stopped out .74 (+68 ticks - 4 ticks initial short = +63 after simcomms
Wow, really great trade. Was that your target all along or did you watch price action?