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Crude in 2011
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Crude in 2011

  #51 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
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Tuesday, May 24, 2011
12:55 CT 98.17
IB increased margins
o/n initial margin $8,775 and maintenance $6,500
RTH initial= $3,375 and maintenance $2,500

order to sell 2 at 97.57
13:11 = 15 min
current price = 99.13 0.96 price squeeze on shorts

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  #52 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
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Tuesday, May 24, 2011
12:55 CT 98.17
IB increased margins
o/n initial margin $8,775 and maintenance $6,500
RTH initial= $3,375 and maintenance $2,500


Tuesday, May 24, 2011

Close 99.42 -96.46 =-2.96*8,000 = $-23,680
$47,080-23,680=$23,400/$6,500= 3 must sell 5

Close 99.42 -96.46 =-2.96*5,000 = -$14,800

Opening cash balance today $47,080
Change in Cash -$14,800
Closing Cash Balance $32,280

Open positions = -3 @ 96.46
-------------------------
Wednesday, May 25, 2011

From Sunday evening 8:28CT:
"So if I feel it may top out at 101.42 with +-$0.37 ie 101.05 to 101.79, a range of $0.74 or $740 per contract, then I would add $740 to initial RTH of $3,375 = $4,115.
Total capital of $52,390 / $4,115 =12.73 or 12 contracts."


So on Sunday 3 days ago I had a topping action in 101.05 to 101.79. Today it topped at 101.10 at 10:46CT - 5 pennies above 101.05 and within the topping band. Think of how much I would have saved myself if I listened to myself.

I tend to make implusive moves and the sell towards the low on Monday morning was a classic!
It broke so many rules that I hate to look/think about it. It practically destroyed my pyramid. It played into the hands of the manipulators and their cheaty little mid-session change in margins. In so many ugly ways it was a blunder.

Yet from the dust of blunders comes learning.

I knew that trading within a consolidation band was risky.
I knew that Monday's sell was in a rush.

Gann's biggest rule is
"when in doubt stay out."
and
"If in doubt get out."

Well enough beating up myself, past is past.

I've put in a sale for 1 at 100.65 at 11:16am
Nap-time!

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Last edited by aquarian1; May 25th, 2011 at 01:36 PM. Reason: error in sale time 11:16 vs 10:46
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  #53 (permalink)
The fun is in the numbers
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Off the wall - Freyja day


is a goddess associated with love, beauty, fertility, gold, sei­r, war, and death. Freyja is the owner of the necklace BrÝsingamen, rides a chariot driven by two cats, owns the boar HildisvÝni, possesses a cloak of falcon feathers, and, by her husband Ë­r, is the mother of two daughters; Hnoss and Gersemi. Along with her brother Freyr (Old Norse the "Lord"), her father Nj÷r­r, and her mother (unnamed in sources), she is a member of the Vanir. Stemming from Old Norse Freyja, modern forms of the name include Freya, Freja, Freyia, Fr°ya, and Freia. Freyja rules over her heavenly afterlife field Fˇlkvangr and there receives half of those that die in battle, whereas the other half go to the god Odin's hall, Valhalla. Within Fˇlkvangr is her hall, Sessr˙mnir. Freyja assists other deities by allowing them to use her feathered cloak, is invoked in matters of fertility and love, and is frequently sought after by powerful j÷tnar who wish to make her their wife. Freyja's husband, the god Ë­r, is frequently absent. She cries tears of red gold for him, and searches for him under assumed names. Freyja has numerous names, including Gefn, H÷rn, Mard÷ll, Sřr, Valfreyja, and VanadÝs.


Freyja - Wikipedia, the free encyclopedia
-------------
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  #54 (permalink)
Trading Apprentice
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Wow you guys really have a lot of information in here! Enough to confuse the hell out of me haha. I am a simple trader I guess, just basically use fibs mostly on my own trading.

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  #55 (permalink)
The fun is in the numbers
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chippy View Post
Wow you guys really have a lot of information in here! Enough to confuse the hell out of me haha. I am a simple trader I guess, just basically use fibs mostly on my own trading.

nothing wrong with fibs! (the retracement kind LOL)

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  #56 (permalink)
The fun is in the numbers
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re:Off the wall - Freyja day

We certainly got the up part! (9am-13:00)

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  #57 (permalink)
The fun is in the numbers
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SLD 1 100.36 @13:40

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  #58 (permalink)
The fun is in the numbers
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had to close it out at closing.

---
Friday, June 03, 2011

Opening cash balance today $27,010
Change in Cash -$ 140
Closing Cash Balance $26,870

SLD 1 100.36 @13:40 BOT 1 100.50@15:00 =-0.14 * 1,000 = -140

Open positions = -2 @ 96.46

Close 100.50 -96.46=4.04 *2,000 = -8,080 Open Equity
Cash less open equity 26,870-8,080 = $18,790

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  #59 (permalink)
The fun is in the numbers
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Does anyone know

1. the first date and time that CL futures traded,
2. the lowest price and date that CF futures traded.

thanks!

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  #60 (permalink)
The fun is in the numbers
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Chart at the close of the week 3 june

Some pretty obvious stuff here.

here a big picture chart.
wedges don't show which way they'll break (i.e. up or down).
My preference is to down indicated by the comments.

(For Monday perhaps a high around 12pm = noon CT ?
perhaps 101.90 area - note 101.9425 = 5/16 level )

For those who day-trade crude - there are some really big moves and my thoughts are to go to larger targets, wait for the move to start, and use a wider stop and very low contract size (e.g. like 1 rather than a tighter stop and 3.) That is adapt to the current wide ranging days.
A zig-zag hand chart for the moves since the big drop could be helpful.

Using the numbers above if it rises to 101.90 area +-.25, and then turns down, say below 101.57, then sell with a stop above the high by 15 cents and a target of about $2. (98.42 = 3/16 level).



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