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vertical market trading

  #11 (permalink)
 
madLyfe's Avatar
 madLyfe 
Des Moines, Iowa
 
Experience: None
Platform: Ninja, TOS
Broker: AMP/CQG, TOS
Trading: CL, TF, GC
Posts: 1,641 since Feb 2011
Thanks Given: 9,220
Thanks Received: 1,020

GC failed PHOD right before its open and traded down. found support at the noise bands and resistance at the 5m OR then back down to a new low for the day. it quickly fired back up to test the underside of the 5m OR and i decided to get short targeting the low of day. she bounced around against me for 30min or so and i move my target back up and got a tiny winner only to see it go to my tgt in the next 10mins.



i wasnt sure about where CL was going for the day, but i did take a short right at the open that i got stopped out on. it tried to move higher shortly after and i got short again at a higher price. this one worked out with a target close to the ONL and noise bands. i didnt trade it at all again after that. it totally fell out of bed.



didnt trade the TF.

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

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  #12 (permalink)
 
madLyfe's Avatar
 madLyfe 
Des Moines, Iowa
 
Experience: None
Platform: Ninja, TOS
Broker: AMP/CQG, TOS
Trading: CL, TF, GC
Posts: 1,641 since Feb 2011
Thanks Given: 9,220
Thanks Received: 1,020

i had two trades today in the CL. i was long early as we held above the 5m OR and PLOD after we pushed above it coming from the ADR low. i exited around the area where most of the asian session hung at plus yesterdays close, it was also very close to the ADR high. the second trade was short from the same area as it looked like we were failing the 45m ORH and the noise bands. my target was resistance from overnight as well as PLOD.


dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

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  #13 (permalink)
 
madLyfe's Avatar
 madLyfe 
Des Moines, Iowa
 
Experience: None
Platform: Ninja, TOS
Broker: AMP/CQG, TOS
Trading: CL, TF, GC
Posts: 1,641 since Feb 2011
Thanks Given: 9,220
Thanks Received: 1,020


i took a trade in CL that was breaking below the lower ADN and 5m OR. it could have been scalped or closed out for BE or small loss but i let it go all the way. i thought it would go lower than it did, but the rejection from the PLOD was the clue here as well..



in TF i got short off the highs early as we were already all the way at the upper ADR/ADN. i was targeting the VWAP area on another chart and the 50% mark on the 45m OR.



i took an ON trade in GC as she pushed up towards the ADN high. was looking toppy and an area of resistance from the previous day. this ended up being resistance the whole day. i was targeting yesterdays close. it went a bit further(lower ADN)


dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

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  #14 (permalink)
 
madLyfe's Avatar
 madLyfe 
Des Moines, Iowa
 
Experience: None
Platform: Ninja, TOS
Broker: AMP/CQG, TOS
Trading: CL, TF, GC
Posts: 1,641 since Feb 2011
Thanks Given: 9,220
Thanks Received: 1,020

monday was basically a scratch day all around on CL and GC.

today i took a short at the early 45m OR highs. my tgt was the bottom of the upper noise bands. it tagged it and quickly pushed back higher.



i took a short in the CL right before the open at a failure at the upper noise bands. figured it would go to the lower noise bands. that wasnt the case. then it pushed up higher and had a retest of the highs so i got short again. i pulled my stop down early because i thought it was going to go make a new high from how we opened up. that also didnt happen and fell out of bed. after we got a nice clean bounce from that move i shorted again at the bottom of the noise bands and picked up some more. again, not full potential.


dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

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  #15 (permalink)
 
madLyfe's Avatar
 madLyfe 
Des Moines, Iowa
 
Experience: None
Platform: Ninja, TOS
Broker: AMP/CQG, TOS
Trading: CL, TF, GC
Posts: 1,641 since Feb 2011
Thanks Given: 9,220
Thanks Received: 1,020

GC was confusing for me today during its RTH session so i didnt trade it.
TF seems like its all over the place, then falls out of bed at the end of the day, no trades there either.

on CL i had 1 trade right at the open from a failure to push up through the upper noise bands and its 5m opening range. i took a short with a target of the bottom of the 5m OR and what looked to be support before news. well i was right, but it ended up just being a pullback for much lower prices..


dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

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  #16 (permalink)
 
madLyfe's Avatar
 madLyfe 
Des Moines, Iowa
 
Experience: None
Platform: Ninja, TOS
Broker: AMP/CQG, TOS
Trading: CL, TF, GC
Posts: 1,641 since Feb 2011
Thanks Given: 9,220
Thanks Received: 1,020

i tried to get short on the first pullback after the open on CL, even added to it, but it just didnt want to break the low as the 5min OR was holding her up. i got out of this trade with a few ticks and looked for the next one. she blasted the other direction and i managed to get in, and add on to, the second pullback long.



i had two trades on the TF as well. short mid-morning that went in my favor and came back to stop me out. i could have gotten out earlier but i wanted to let it work. i left TF alone for awhile. the second one i got long above the noise bands and looked like she was going to breakout but stalled. i took 1 contract off for a couple ticks and let the last one run. it was getting late in the day and wanted to see if they would close it higher so i placed my tgt just above the swing high and it got nailed. not a bad day.


dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

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