CL Redux

Quote from pinkman:

Pinkmans' actually had a rather unimpressive day, despite that +50.
Although, that was ALWAYS gonna happen, due to the fact that yesterday I won on 9 out of 10 trades.

Having alternating winning and losing days wouldn't in itself be that unusual for someone without an edge, but the fact that my 'winning days' are typically 90% winning trades followed by a losing day of 90% losing trades does seem strange to me! There's rarely a mix. I'm either hitting it out of the park, or i'm getting killed, lol.

It's like the market alternates between two 'behaviours', one behaviour per day.

Theoretically i'll do very well tomorrow and should then not trade on Thursday!
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Not important, what's important is how much you make when you win (either per trade or net gain during an "up" day) and how much you lose (per trade or net loss on a "losing" day).
 
pit trading closed, pinkman and anyone else from the UK. Was wondering why it was slow at 7.30pm yesterday UK time, then realised it's because of our time change on Sunday. :p
 
While I trade CL, I'm not a regular participant in this thread. That said, I feel what you've said here deserves a comment. Unless you feel you have an edge you might be better off trading in SIM. Hard enough to execute consitently when you have an edge but not having one simply leaks money.

If you are in SIM (or just think I should mind my own business) my apologies. BTW ... nice job on the 50t trade. Hanging tough when you have 30 or 40t can be difficult.

Quote from pinkman:

for someone without an edge
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Asian Stocks Climb While Silver Slips as Oil Extends Drop

West Texas Intermediate crude oil slipped to $97.67 a barrel today, headed for the lowest close since Oct. 24 after dropping 0.5 percent yesterday. Brent futures dropped 0.3 percent.

The industry-funded American Petroleum Institute said U.S. crude inventories rose by 5.9 million barrels last week,
-- <b>with government data today projected to show stockpiles rose a sixth week,
-- to a four-month high, according to a Bloomberg survey </b>

http://www.bloomberg.com/news/2013-...ures-rise-before-fed-as-oil-extends-drop.html
 
Quote from cdcaveman:

i'd love to hear what the premise of these "edges" are..
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Here's a scalper's edge: Buy pullbacks to a rising 1-min 20EMA and sell pullbacks to a falling 1-min 20EMA.

The premise is that a rising or falling 20-period EMA indicates a trend in a given time frame and when you buy or sell pullbacks in a trend, "they" got your back more often than not. :cool:
 
Quote from NoDoji:

Here's a scalper's edge: Buy pullbacks to a rising 1-min 20EMA and sell pullbacks to a falling 1-min 20EMA.

The premise is that a rising or falling 20-period EMA indicates a trend in a given time frame and when you buy or sell pullbacks in a trend, "they" got your back more often than not. :cool:
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that sounds simple enough to work haha
 
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