CL Redux

[mfbreakout]

Quote from JoshDance:

Filled at .09, moving stop to .08 on this... too early but do not want to get burned again here counter-trend.

Josh got the tiger by the tail

 

[aquarian1]

Bot 1 at 82.52 @ 8:00
Sld 1 at 83.64 @10:16
=1.12 * 1000 = +$1,120

Net:
$-230 + 250 + 1,120 = $1,140
(all paper trades)

 

[JoshDance]

Will short .76 stop .83

EDIT cancel this order... will re-evaluate around .85.. I think they need to trap some longs buying a break of 15m bar high first.

 

[JoshDance]

Quote from mfbreakout:

Josh got the tiger by the tail

The funny thing with these counter-trend trades, I would have actually gotten a better entry price had I waited for confirmation.. it kind of petered out near .20, and I could have gotten in at the same or better price and not had to take heat. NoDoji is reading this rolling her eyes and saying "DUH!"

 

[JoshDance]

Quote from JoshDance:

Will short .76 stop .83

EDIT cancel this order... will re-evaluate around .85.. I think they need to trap some longs buying a break of 15m bar high first.

Well I feel better at least that I would not have been filled by 2 ticks anyway if I had left the order in place. The question is, to buy .30s or not?

 

[aquarian1]

some scalping:
CL 11-11 Buy Limit 1 83.93 0 Filled 1 83.91 9/27/2011 11:04:42 AM

 

[mfbreakout]

Quote from JoshDance:

Well I feel better at least that I would not have been filled by 2 ticks anyway if I had left the order in place. The question is, to buy .30s or not?

on an A up day, longs are always easier, so 83.30 long would have given some nice ticks, although one had to hold longs for some time.

I missed the long though also. I have been using acd system for 9 months and every time , i do not follow it to the T, it makes me pay.

 

[aquarian1]

order to buy a second at 83.52
and sell current long at 84.17

 

[mfbreakout]

Quote from mfbreakout:

on an A up day, longs are always easier, so 83.30 long would have given some nice ticks, although one had to hold longs for some time.

I missed the long though also. I have been using acd system for 9 months and every time , i do not follow it to the T, it makes me pay.

Beauty of A up days is, price has not come below 83 - a up level since 9.45 am or so.

 

[mfbreakout]

Quote from mfbreakout:

Beauty of A up days is, price has not come below 83 - a up level since 9.45 am or so.

It will come below it at some point though- when i have no idea.

If i had just bought pullbacks for longs- i should have done OK. but execution is tough as i have seen plenty of days when price pullback way below a up level- on failed A up days