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Two trades for me today, first hit target (40 ticks) and the second was a be. I moved to be ahead of schedule as price in the trade went positive 3 times and then dropped under my entry, that plus I was into the second yellow bar so i moved to be + 1. Slipped to be - 1 on the fill.
Can you help answer these questions from other members on NexusFi?
Hey guys I'm going to try to post some CL trades. I figure if I know I'm going to post them then maybe I'll stick to my system and not do anything stupid. Yesterday I fell off my horse and things got ugly. So I'm riding safe today.
Today is my 3rd week trading CL without indicators. After 2 weeks on sim I'm now trading with real money. 1 contract.
I'm currently experimenting with:
- how tight do I want to keep my stops. Currently they're more than 20 ticks away but if I see bad price action I'm out.
- how to take profits. currently 30 tick profit target. As soon as I'm consistent then I will add a second contract to be my runner. Consistency first!
Let me know if you have any comments on these issues and/or my trades. If you have any questions just ask.
The bars turn blue when the ADX and ATR hit certain levels with price on the trade side of all the EMAs and the 8 EMA on the trade side of the other EMAs. I then look for a break of the previous bars high/low for the entry.
I would like to start with a simple statement of the primary idea of this post is to help me. Yes, I said me. I hope it will help you as well, but, to be honest, if it helps me and not you, then I am still happy. :) I can't help you …
Hey cunparis, how many markets are you trading? Do you have a few screens up and look for set ups or pick one market for the day and thats all you trade
all with the same exact chart, same setups except for ES I'm a bit more aggressive entering on failed breakouts (reversals).
If a setup is looking really good I take it on my real account. If it is questionable I take it on sim. I find this keeps me from doing stupid things with my real account. The sim gives me my "fix" for risky action. If it's really bad I sit aside.
I actually entered on all 4 markets at the same time. all positive but ES which is pulling back and in hindsight I should have reversed on ES and went long. BTW ZN is negatively correllated with the others so if I go short on the others I'm long on ZN. I find it's good to trade all 4 because it gives me a good view of the market. Often one will lead, usually CL or 6E and even if I miss it I can take a trade on the others.
Hope that helps.
Heck here's a screen capture of my desktop, that should explain it.
If it's really bad I sit aside.