CL Redux

[EON Kid]

upside break imminent


<iframe width="640" height="390" src="http://www.youtube.com/embed/FsqJFIJ5lLs" frameborder="0" allowfullscreen></iframe>

 

[DonCorleone]

moment of truth coming up soon...

 

[bigsnack]

And again. I missed this one driving to the 9-5, so I apologize for the post trade analysis.

 

[Eddiemorra]

long 113.64
20c stop

 

[Eddiemorra]

Quote from Eddiemorra:

long 113.64
20c stop

stopped -20

 

[bigsnack]

Quote from Eddiemorra:

stopped -20

OOf dude, you seem to have a knack for buying highs and sellings lows. Are you only taking trades off of the 15 minute chart?

 

[bigsnack]

EDIT: This one is clearly way off of the low. I see a better entry, so I won't be surprised to get tagged for b/e. Maybe we'll get crankin' and the market will forgive me.

 

[Eddiemorra]

Quote from bigsnack:

OOf dude, you seem to have a knack for buying highs and sellings lows. Are you only taking trades off of the 15 minute chart?

5min charts.
usually my stop is hit and then it ZOOMS in my favour, lol - But most people say my stops are already too big so I guess I shouldn't increase them. Nodoji apparently uses tiny stops which dont tend to ever get hit so my entry is clearly way off.

However, you must admit my introductory post was EERILY accurate!:

Quote from Eddiemorra:

part of the 95% losing club here - been browsing this thread for a few days.

Will be posting my trades, if for no other reason than that im probably a good fade/contrarian indicator and might help some of you make extra money, lol.

I dont particularly believe TA/Charts can give anyone an edge, but im yet to find anything else that does either, so that's what im using to base my trades on.

good luck today

You would have won every single trade so far by fading me!!
Nobody in here can match like 15 20-30 pip losing trades in a row, can they?

 

[bigsnack]

Quote from Eddiemorra:

5min charts.
usually my stop is hit and then it ZOOMS in my favour, lol - But most people say my stops are already too big so I guess I shouldn't increase them. Nodoji apparently uses tiny stops which dont tend to ever get hit so my entry is clearly way off.

However, you must admit my introductory post was EERILY accurate!:




You would have won every single trade so far by fading me!!

I liked your long, just not the entry price. One of my lightbulb moments along my path was when I realized that my "setups" didn't always line up exactly with my "entry triggers". The setup can occur, but all that does is alert me to look to see if a nice trigger has the potential of appearing. The rushing of an entry, even with a valid setup presenting itself, can lead to what's been happening to you where you are getting stopped when you are wrong AND when you are right.

 

[Picaso]

Quote from Eddiemorra:

5min charts.
usually my stop is hit and then it ZOOMS in my favour, lol - But most people say my stops are already too big so I guess I shouldn't increase them. Nodoji apparently uses tiny stops which dont tend to ever get hit so my entry is clearly way off.

I seem to recall that Nodoji started trading with 20-tick stops. You have to learn to walk before you can run.

Also, she had an excellent piece of advice for beginners that went more or less like this:

1) Think of where you want to enter your trade and what your logical stop will be.

2) Place a limit order to enter at where you would place your stop.

3) Collect your cash!

Don't despair, but if you're consistently losing consider reducing your size, going back to demo, etc. No need to blow your whole account in a hurry. [Edit: it's better to blow it away bit by bit, à la Picaso ]

---

Gas lower than crude