My TST Combine 20 day 30k

R

Risto

I hope that public journal keeps me accountable , makes me stick to the plan 100 %
7 days have passed and I am down - 372.

Plan is really simple :
Buy higher low or double bottoms.
Short lower high or double tops.

Today's trades :
1. Long HL, got stopped out
2. Long LL, got stopped out
3. Long LL, got stopped out

Got to close too daily loss limit to open another trade.

View attachment 145072

I if had traded by plan the end of the day result would have been positive.

View attachment 145073

My only goal for rest of the 13 days is 90 % entry's by plan.
 
wiesman02 said:
Is that really the extent of your plan ?
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No, it is only the first step. If I don't get entries right I am doomed.

I tried top picking , it doesn't work. It can't get any high but it does.
I tried bottom fishing , it doesn't work. It can't get any lower but it goes.
I tried adding to the loser, it doesn't work.

When I get all trade entries by plan then I start to work on exits , and so on.
 
Looks like you where trading against the trend.

Edit: Looked at your chart again, yeah you were buying the pullbacks on a downtrend. Best way to lose money.
 
Yeah, get the trend from the daily and the 30 or 15min. I trade the US hours, so I wait till after the pit open, there was a head fake today at the open. It went up to 101.32 then started back on the down trend.

With crude you want to avoid choppy days, and trade trending days by buying pullbacks on a uptrend and selling pops on a downtrending day. Sometimes its easier said then done, today was a pretty easy day to make money.
 
TexasTeaTrader said:
Yeah, get the trend from the daily and the 30 or 15min. I trade the US hours, so I wait till after the pit open, there was a head fake today at the open. It went up to 101.32 then started back on the down trend.

With crude you want to avoid choppy days, and trade trending days by buying pullbacks on a uptrend and selling pops on a downtrending day. Sometimes its easier said then done, today was a pretty easy day to make money.
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Yes it was quite easy
but I kept fighting the trend till the money ended.

Go with the flow

View attachment 145084
 
NoDoji said:
Your head fake at the open was this scalper's trend :p
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Long 100.50+ and/or long 100.70+ were both buy signals off the "headfake" failed-down waggle just past the pit open. Then following top failure and v-turn lower from 101.30+ high, 100.80 zone was the breakdown sell out of key congestion.

I'm not trading CL right now, but I am monitoring the 5min chart / 500 volume chart combo as usual for other reasons. Doesn't matter to the market, it does what it does with or without any of us. That's what it did this morning via structured price action sequences.
 
Risto said:
Yes it was quite easy
but I kept fighting the trend till the money ended.
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now stop that, sit patiently and trust you will eventually see what you need to see. More often than not, the market will reward you if your edge is real :)

good luck!!!
 
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