CL Redux

[NoDoji]

Nice demonstration of good trading practices

 

[pinkman]

Quote from NoDoji:

Nice demonstration of good trading practices

Felt more lucky than good. Seemed to be on the wrong side of things quite a lot, but being on the right side of a few decent moves bailed me out.


Care to show your entries from today?

 

[NoDoji]

Quote from pinkman:

Felt more lucky than good. Seemed to be on the wrong side of things quite a lot, but being on the right side of a few decent moves bailed me out.


Care to show your entries from today?

10:14 L 101.14

11:00 L 101.74

11:15 SH 101.80

01:32 L 101.87

01:37 L 102.10

 

[pinkman]

Quote from NoDoji:

10:14 L 101.14

11:00 L 101.74

11:15 SH 101.80

01:32 L 101.87

01:37 L 102.10

thanks.

 

[pinkman]

Did you short that high 20 mins ago or so, NoDoji>? (i did. It's now a fairly decent day)

 

[Visaria]

Quote from EON Kid:

Good Job Amigo

cheers mate. i think pinkman deserves a cigar too

 

[Swan Noir]

ND, curious if you use a constant stop size and if so what it is. And, if it's variable could you give me a few examples -- particularly the last trade the 1:37 pm @ 102.10.

Thanks

Quote from NoDoji:

10:14 L 101.14

11:00 L 101.74

11:15 SH 101.80

01:32 L 101.87

01:37 L 102.10

 

[NoDoji]

Quote from pinkman:

Did you short that high 20 mins ago or so, NoDoji>? (i did. It's now a fairly decent day)

No, I called it a day for CL after my last long, but the short you speak of is a high odds setup, IMHO, 1-2-3 setup on the 1min off the key level of a 5-min upper channel line (starting from the early part of the session) and in the zone of previous S becomes R (60-min chart). Lots of good reasons for a short there.

Quote from Swan Noir:

ND, curious if you use a constant stop size and if so what it is. And, if it's variable could you give me a few examples -- particularly the last trade the 1:37 pm @ 102.10.

Thanks

I don't use a constant stop size, but I rarely take a trade if I feel that a stop wider than 14 ticks would be required.

I had a tiny stop on the 102.10 because it was an intuitive trade, not a setup from my business plan. As soon as I put on the position I regretted not waiting for a "cleaner" setup and I saw all sorts of reasons not to be long at that moment in time, lol! I figured if .07 broke there was a very good chance price would drop to at least .00 if not lower.

 

[niko]

Quote from EON Kid:

yw

Thank you.

 

[niko]

Quote from NoDoji:

I was long at 10:14 based on 1-2-3 setup off round number and daily LTL zone.

Thank you.