CL Redux

[NoDoji]

Quote from BCE:

Perhaps there's a NoDoji type lady for silver that stepped away from her desk and has been on vacation since February.

There was no time to step away from one's desk today. Fantastic volatility!

I did step away after the initial BIG DUMP to take a little break, get some fresh air and sunshine and call my CL trading buddy and say WTF was THAT all about? Only to have him tell me I was missing more DUMP while we were talking.

 

[DonCorleone]

Quote from NoDoji:

I would like to thank you for this post yesterday. That 113.90 level stuck in my brain and I used it for a hard target on a long earlier, exiting almost at the high of the move

do i get a profit split of some sort?

if you have pivot points on chart, that's where QT plotted H3(camarilla pivot) for today as well. i have both standard and camarilla pivot points on my charts.

 

[bigsnack]

Okay, well I hope everyone had a good day today! I said I would share my charts and bare all, so if everyone is cool with it here goes. The charts are split up into 2 parts, since I trade the ES live in the a.m., and then squeeze what I can in during the afternoon session while at my other gig.

1. First trade was a loser. Maybe I read it wrong, but it felt right at the moment.
2. The next two were top picking stupidity. It didn't even follow my plan.
3. Third trade matched my plan, but I trailed too closely and got dinged before that second push down.
4. WINNING! Matched the plan and I held until I had to leave for the 9-5.

Part 2:

1. Revenge trade after I missed a fill earlier. My strategy was set up incorrectly on the chart trader and I was taken out for a +1.
2. I felt really good about this one, and I was interrupted and had to close down for about 5 minutes so this became a scratch.

Overall a good day, and knowing I was planning to share with you guys really checked me. I stuck to 1 lot, and got focused after a few losers. Thanks for listening.

 

[BCE]

Quote from NoDoji:

I would like to thank you for this post yesterday. That 113.90 level stuck in my brain and I used it for a hard target on a long earlier, exiting almost at the high of the move

Also the 4-10-11 HOD was 114.05. Pretty much a double top.

ADD If it breaks through 114 strongly we may see a breakout move up of another few points. Stay tuned.

 

[BCE]

Quote from bigsnack:

Thanks for listening.

Thanks for sharing.

ADD If you type out the entry and exits it might be a bit easier to follow what happened. I always have a hard time deciphering my own trades with the markers so close.

 

[Visaria]

Quote from InvestVision:

we are at 112.90 , to close fade ?

Ideas ??

i'm still long. At least another test of that (nr) 114 imho. I think it should break it.

I will be tightening my stop however.

 

[InvestVision]

Here are my observations on CL trade nature these days:

- CL is increasingly turning into a "Swing trade instrument " last few weeks .

- Having Conviction about price when it reached Extreme levels of the DAY ( High and LOW ) seems helping to pull the trigger ( with proper stops ).

- It seems even for PA based Trades , it is more like you need to wait patiently for 2 to 3 trades/day instead of many trades.

- At least for me I am reducing my intraday trades by 4 fold , basically patiently waiting for 2 to 3 good trades/day , that is working and adding to bottom line

- may be it may be this WAY of few trades/day with lots of observation and patience EVEN in the past , I may be discovering it now

 

[BCE]

Quote from Visaria:

i'm still long. At least another test of that (nr) 114 imho. I think it should break it.

I will be tightening my stop however.

Agree. Hard to not be shaken out on tight stops though.

 

[Visaria]

200 point stop tightened to 100 point stop

 

[Visaria]

Quote from InvestVision:

Here are my observations on CL trade nature:

- CL is increasingly turning into a "Swing trade instrument " last few weeks .

- Having Conviction about price when it reached Extreme levels of the DAY ( High and LOW ) seems helping to pull the trigger ( with proper stops ).

- It seems even for PA based Trades , it is more like you need to wait patiently for 2 to 3 trades/day instead of many trades.

- At least for me I am reducing my intraday trades by 4 fold , basically patiently waiting for 2 to 3 good trades/day , that is working and adding to bottom line

- may be it may be this WAY of few trades/day with lots of observation and patience EVEN in the past , I may be discovering it now

Saving on commission and spread too!!!

Can you tell me what a swing trade is?