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This is good advise, so I will follow it...
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Created: by VinceVirgil Attachments:186

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This is good advise, so I will follow it...

  #161 (permalink)
Market Wizard
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nice job!

 
  #162 (permalink)
Elite Member
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7.2.2012 PS

Took 2 more...Luchtime doldrums.

Shorted off the Double top, closed it early for +3

It was taking too long to work

Next trade touchded the EMA

+15 right near the trend line I drew earlier.

Another +18 for the day

+54

Still thinking about the missed long at 10:15....

Well, tommorrow is another day.

Attached Thumbnails
This is good advise, so I will follow it...-cl-03-12-5-min-recap-ps-2_7_2012.jpg  
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  #163 (permalink)
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8.2.2012


6 trades today...shut it down prior to the oil report, as nothing was clear from around 9:35 as that was my last trade before the report. Would have taken one up to around 10 if it was compelling, but lots of overlap right on th EMA.

Pretty self explanatory on my chart.

Only problem I had was I couldnt get my head wrapped around letting the trade run at 11:55. It was a reversal into a trend, and I had 3 kicks at it, but the vibrations made me move my stop. Total was 30 ticks, but I felt I could have been more efficient in managing the trade. I feel like I could have captured more of it than I did, if that makes any sense. I entered at 98.39, and it topped out at 99.01, for a total of 62 ticks. I knew the EMA cross would mean resistance, but given the large selloff an hour before, I felt teh bounce off the low would give me a nice trade. It did work, but it was a choppy ride. I didnt like the sideways for 5 bars. Re-enetered the trade when i saw there was more bull momentum.

I had to leave by 1:00pm for sure, so I wasnt around for the small bear trend after lunch. I marked trades I would likely have taken.

+40 ticks

Attached Thumbnails
This is good advise, so I will follow it...-cl-03-12-5-min-really-final-2_8_2012.jpg  

Last edited by VinceVirgil; February 8th, 2012 at 05:32 PM.
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  #164 (permalink)
Market Wizard
whitestone, new york
 
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VinceVirgil View Post
6 trades today...shut it down prior to the oil report, as nothing was clear from around 9:35 as that was my last trade before the report. Would have taken one up to around 10 if it was compelling, but lots of overlap right on th EMA.

Pretty self explanatory on my chart.

Only problem I had was I couldnt get my head wrapped around letting the trade run at 11:55. It was a reversal into a trend, and I had 3 kicks at it, but the vibrations made me move my stop. Total was 30 ticks, but I felt I could have been more efficient in managing the trade. I feel like I could have captured more of it than I did, if that makes any sense. I entered at 98.39, and it topped out at 99.01, for a total of 62 ticks. I knew the EMA cross would mean resistance, but given the large selloff an hour before, I felt teh bounce off the low would give me a nice trade. It did work, but it was a choppy ride. I didnt like the sideways for 5 bars. Re-enetered the trade when i saw there was more bull momentum.

I had to leave by 1:00pm for sure, so I wasnt around for the small bear trend after lunch. I marked trades I would likely have taken.

+40 ticks

wow..in the zone

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  #165 (permalink)
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VinceVirgil View Post
6 trades today...shut it down prior to the oil report, as nothing was clear from around 9:35 as that was my last trade before the report. Would have taken one up to around 10 if it was compelling, but lots of overlap right on th EMA.

Pretty self explanatory on my chart.

Only problem I had was I couldnt get my head wrapped around letting the trade run at 11:55. It was a reversal into a trend, and I had 3 kicks at it, but the vibrations made me move my stop. Total was 30 ticks, but I felt I could have been more efficient in managing the trade. I feel like I could have captured more of it than I did, if that makes any sense. I entered at 98.39, and it topped out at 99.01, for a total of 62 ticks. I knew the EMA cross would mean resistance, but given the large selloff an hour before, I felt teh bounce off the low would give me a nice trade. It did work, but it was a choppy ride. I didnt like the sideways for 5 bars. Re-enetered the trade when i saw there was more bull momentum.

I had to leave by 1:00pm for sure, so I wasnt around for the small bear trend after lunch. I marked trades I would likely have taken.

+40 ticks

It was not an easy day to be sure but you did a nice job.....

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #166 (permalink)
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9.2.2012

Well, needless to say, for fellow CL traders, today was very challenging. Lots of waitng, and staring at the screen.
Today was a bookend day, because the 1st trade and the last trade were my 2 best trades.

My plan was to hold on today, folow my strategy, but I think I picked the wrong day to try that.

The first trade at 8:15 was my best trade of the day. I held firm, and it worked out.

The next 4 were not very good.

Of course, my SL got hit on number 5.

got 12 right at the close, but it was an up and down ride...I closed it out because it was right near the close, and I got 12 ticks.

I am not sure how I feel about today. From the opening till almost the close, I netted 4 ticks.

One successful trader I know trades 1/2 his size and doubles his stops and targets on wide ranging days. He even might go to a 3 minute or 1 minute to better look at entries. Might be something there.

I will replay the day while it is fresh in my mind to see if a shorter time frame on rangy days would help me to identify better entries.

Attached Thumbnails
This is good advise, so I will follow it...-cl-03-12-5-min-final-recap-2_9_2012.jpg  
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  #167 (permalink)
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PandaWarrior View Post
It was not an easy day to be sure but you did a nice job.....

Thanks. I appreciate your comments.

I really feel I am making progress. I find the hardest part of trading for me is keeping my emotions in check throughout the session.

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  #168 (permalink)
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VinceVirgil View Post
Thanks. I appreciate your comments.

I really feel I am making progress. I find the hardest part of trading for me is keeping my emotions in check throughout the session.


For me, trying to keep my emotions in check is near impossible. I try to acknowledge them and make decisions that are rational in spite of the emotions. Kind of like water off a ducks back, its there but not affecting them....some days are more successful than others in this regards.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #169 (permalink)
Market Wizard
whitestone, new york
 
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VinceVirgil View Post
Well, needless to say, for fellow CL traders, today was very challenging. Lots of waitng, and staring at the screen.
Today was a bookend day, because the 1st trade and the last trade were my 2 best trades.

My plan was to hold on today, folow my strategy, but I think I picked the wrong day to try that.

The first trade at 8:15 was my best trade of the day. I held firm, and it worked out.

The next 4 were not very good.

Of course, my SL got hit on number 5.

got 12 right at the close, but it was an up and down ride...I closed it out because it was right near the close, and I got 12 ticks.

I am not sure how I feel about today. From the opening till almost the close, I netted 4 ticks.

One successful trader I know trades 1/2 his size and doubles his stops and targets on wide ranging days. He even might go to a 3 minute or 1 minute to better look at entries. Might be something there.

I will replay the day while it is fresh in my mind to see if a shorter time frame on rangy days would help me to identify better entries.

I think if you look at the days action from the open(9 am), the range is small, the candles are huge.Today was a typical example of what an important area like 100 can be.I thought the risk was much higher with the bigger candles.Pre market had a nice trade.I like your tenacity, going for the longer runs.On a day like today, though, smaller targets would have worked better i think, but that changes the r:r.The way i look at it, is , the market is going to stay in the range until it breaks out.Only then , can we expect to get longer runs.Expecting a longer run, before we break the range, is hoping the market will do something it hasnt been able to do.All this is my humble opinion, as your trading has been very good!

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  #170 (permalink)
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10.2.2012


1 trade +26.

I made some progress today in that I didnt move my stop as I have done earlier this week, and low and behold, the trade hit my target. Go figure!

I had to leave as well, as i had an appointment, but i would have taken 2 more trades based on my rules.

I had a bit of a late start, but my first and only trade wasnt until 10:15.

I marked the oivernight movement, and based on Gary CL Catching big waves chart, the 60 minute, I thought there was a good opportunity for a short. Something i have been fiddling with since seeing Al Brooks webinar, and his explanations of the daily charts.

Here is my chart for the day...

Attached Thumbnails
This is good advise, so I will follow it...-cl-03-12-5-min-final-recap-2_10_2012.jpg  
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