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playing the CL


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playing the CL

  #21 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
Posts: 46 since Oct 2013
Thanks Given: 17
Thanks Received: 47

13rd was ugly, the rest are good enough. Focus on next week, back to trading on Tuesday. Have a nice weekend for everyone!

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  #22 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
Posts: 46 since Oct 2013
Thanks Given: 17
Thanks Received: 47

On tuesday I was hoping there will be nice movements as on monday, but was boring and poor PA.
09:00 buy 48.71 2C MX +32 SL +24
than an unwanted buy, I must double check order entries. Was thinking to keep till 48.70 and maybe its a winner, but I decided to close and take a break.
So this -17 tick, pre session was +39 ticks.

15:16 buy 49.92 2C SL -10 -10 - forced entry, original limit buy was 49.85 which could be a nice winner
15:20 buy 49.98 1C SL +6
15:52 buy 49.85 2C SL -10 -10 should close at BE, before Yellen start speaking!
16:30 sell 49.84 2C SL -6 -6
16:40 buy 49.88 2C MX +15 SL +4 this could close at 20 tick profit, to save the day. Next time I will calculate it.
17:18 buy 49.96 2C SL -10 -10
19:00 buy 49.98 1C SL -10

Tired, total -18 tick // -198 USD on account. A little loss, need more patience when market not moves.
Thanks.

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  #23 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
Posts: 46 since Oct 2013
Thanks Given: 17
Thanks Received: 47


Today Im up 52 ticks before pit open, nearly same situation as yesterday
So its Yellen speaking again + Crude oil, I will watch and sit on my hands till' I see a very good, worth to take setup.
Until take a rest

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  #24 (permalink)
xylem
LONDON UK
 
Posts: 60 since Nov 2014
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Hey Ive found the last few Oil days to be WAY too low in volume.

Has it affected your trading at all?

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  #25 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
Posts: 46 since Oct 2013
Thanks Given: 17
Thanks Received: 47


xylem View Post
Hey Ive found the last few Oil days to be WAY too low in volume.

Has it affected your trading at all?

Yes VOL is low and in recent weeks was no so poor price action like on tuesday. Affect my trading, need to cash sooner, and price not reacts as usual. Biggest challenge is adopting to market conditions.

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  #26 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
Posts: 46 since Oct 2013
Thanks Given: 17
Thanks Received: 47

Today trades:
12:34 buy 49.37 2C MX +11 SL +12
13:20 sell 49.58 1C XX +15
13:50 buy 49.30 1C XX +3
14:34 buy 49.30 1C SL +11
17:22 sell 49.74 1C SL -9
18:04 sell 50.28 1C SL +13 too close stoploss
18:08 buy 49.88 2C SL -3 -3 this was closed bcs on M5 we was at dangerous place
18:38 buy 49.67 2C MX +5 SL +17 fraidy cat MX

Anyway today I wanted to trade lower risk, I could follow my rules and stay away while news release.
Also missed the market long entry around 49.33 at 17:15.
As writing the last long TP 50.10 would hit, so really have to leave desk and enjoy what I got. Im grateful.

Total +72 ticks // +672 USD. I decided to take baby steps to complete TST combine, 990 $ till profit target reach. No need to hurry.

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  #27 (permalink)
xylem
LONDON UK
 
Posts: 60 since Nov 2014
Thanks Given: 20
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Wow goodjob today.

I got chopped up but recovered it all back around that .33 long you missed.

What does MX SL etc mean? I guess C is contracts and SL is stoploss but not sure on the rest.

Do you have a systematic trading method?

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  #28 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
Posts: 46 since Oct 2013
Thanks Given: 17
Thanks Received: 47

Yes its basically the MAX trading system, I will review my advanced videos again, because Im exiting early many times.

MX - partial exit
XX - close position
SL - stoploss hit
SC - scale in, in the combine I didnt used, very good in a strong trend

Entries: buy / sell, C is the contract size.

May the ticks be with you

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  #29 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
Posts: 46 since Oct 2013
Thanks Given: 17
Thanks Received: 47

CL dance on daily 21 EMA in last 2 weeks, if 51.00 holds, than we can resume downtrend. Be careful and stay focused
Yesterday I got tired too early, so today dont trade pre-session.



Its an MT4 daily chart, I like more than NT7.

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  #30 (permalink)
xylem
LONDON UK
 
Posts: 60 since Nov 2014
Thanks Given: 20
Thanks Received: 13


So your using a mechanical forex system?
Seems to be working well for you so I cant argue with it but I am more discretionary.

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