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Right Line Trading Method

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Elite Member
Saratoga, NY USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL, GC
 
Posts: 377 since Aug 2010
Thanks: 141 given, 791 received

CL on 11/27/2013

Yes Wednesday had a large CL move.
I did a measured tix move of approx. 128 tix from A to A or 93.30 to 92.04.
Keep in mind I trade from 7:30am. The peak of the sell off started late on previous session.
I will note the probable setups that could have been taken if you up during the Euro session 3am

1st setup: No Trade. Too many ABC's. Too much price stall. Green Stochastic on 3LineIndicator.
Pass on other setups with Yellow 15MA

2nd setup: ABC after stall. Goes 18tix. Profit for 3 contracts $180.

3rd setup: ABC after stall. Goes 11tix. Profit for 3 contracts $160.

4th setup: Bunch of no trades. Again looking for hi probability setups.

5th setup: ABC after stall period. Resumed downtrend. Goes 20tix.. Profit for 3 contracts $200
See chart below....

So after 3 conservative setups... total profit $540.

Interesting how the money wasn't made with the BIG move. Let price settle down and take the core trades.
ABC was the one today with the regressive/pull back towards the 15MA



Mike S.

Attached Thumbnails
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Last edited by msull35706; November 30th, 2013 at 07:47 PM.
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