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Sharmas Journal
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Sharmas Journal

  #161 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 708 since Apr 2010
Thanks: 3,702 given, 656 received

Todays trade

Market has been very kind to all those who traded the right side of CL

Have protected 30 ticks @ 6 contracts...aiming for 45.61

with news in 8 mins...anything can happen.

Yes will kick myself for getting greedy but i will learn my lesson one day

Attached Thumbnails
Sharmas Journal-cl-08-16-3-min-12_07_2016.jpg  
 
  #162 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 708 since Apr 2010
Thanks: 3,702 given, 656 received

Beautiful trade for tonight

Took a lot of heat but was putting my learning and confidence in this trade.

Worked out beautifully.

Had my target set at 45.61 and yes the market did go there..

However was happy to take it all out at 45.58 giving me a very nice week so far.


Will try to share my trades as much as i can and my levels

Sharmas

Attached Thumbnails
Sharmas Journal-cl-08-16-3-min-12_07_2016-2.jpg   Sharmas Journal-cl-08-16-3-min-12_07_2016-3.jpg   Sharmas Journal-cl-08-16-3-min-12_07_2016-4.jpg   Sharmas Journal-cl-08-16-3-min-5.jpg  
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  #163 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 708 since Apr 2010
Thanks: 3,702 given, 656 received

How did it workout


the chart for the res of the night

what a beautiful chart and being on the right side of the market would have paid you well


sharmas

Attached Thumbnails
Sharmas Journal-cl-08-16-5-min-13_07_2016.jpg  
 
  #164 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 708 since Apr 2010
Thanks: 3,702 given, 656 received

How did the rest of the day go with the levels

here is the latest chart and shows the power of the levels and why does the market respect this levels .

All you need one or 2 trades at this levels to make a great day

Set your daily goal and once reached....

you can do two things

Set your stop at that level and let the market give you what's on offer...(Like i did last night)

or you take your daily profit and go and have a great night or day

Sharmas

Attached Thumbnails
Sharmas Journal-cl-08-16-1-min-13_07_2016.jpg  
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  #165 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 708 since Apr 2010
Thanks: 3,702 given, 656 received

Beautiful trade for tonight

Futures Edge on FIO

Which products do you trade?

 
Level to level price action

Here's how the Price Action took place at the levels so far today

Sharmas

Attached Thumbnails
Sharmas Journal-cl-08-16-3-min-14_07_2016.jpg  
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  #166 (permalink)
Membership Revoked
Duluth MN
 
Futures Experience: Intermediate
Platform: NinjaTrader/Sierra Chart
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rocksolid68's Avatar
 
Posts: 1,019 since Jan 2015
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sharmas View Post
Level to level price action

Here's how the Price Action took place at the levels so far today

Sharmas

Out of curiosity, why did you take that long? Your line was a fair amount away from your entry. Not only that, but the line was trampled over a few times prior. Why take that long?

Just trying to clarify

 
  #167 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 708 since Apr 2010
Thanks: 3,702 given, 656 received

Levels in action for the rest of the night

Thank you Rocksolid68 for the question

My entries are never to take short or long off the lines. I have couple of secret sauces that helps me with the confirmation as to whether it will be long or short.

I was out most of the day and evening. When i came into my office which is set up as my trading room i saw i missed few great opportunities...So i waited and let the market paint the entry for me.

I am showing a bit of my theory but there is another Rule of engagement that i am not allowed to show as my mentor has asked me not to give away all the secrets away.

Also the secret sauce gave me the top and bottom of CL market pretty early in the piece and before London Open

Need to do more testing with live market as the the secret sauce gives me a very good biais to the market trend


So far i have shared the levels on my chart due to sheer respect to this forum which has given me so much.

Sharmas



rocksolid68 View Post
Out of curiosity, why did you take that long? Your line was a fair amount away from your entry. Not only that, but the line was trampled over a few times prior. Why take that long?

Just trying to clarify


Attached Thumbnails
Sharmas Journal-cl-08-16-2-min-15_07_2016.jpg  

Last edited by sharmas; July 14th, 2016 at 08:52 PM.
 
  #168 (permalink)
Membership Revoked
Duluth MN
 
Futures Experience: Intermediate
Platform: NinjaTrader/Sierra Chart
Broker/Data: AMP
Favorite Futures: ES
 
rocksolid68's Avatar
 
Posts: 1,019 since Jan 2015
Thanks: 1,315 given, 2,574 received


sharmas View Post
Thank you Rocksolid68 for the question

My entries are never to take short or long off the lines. I have couple of secret sauces that helps me with the confirmation as to whether it will be long or short.

I was out most of the day and evening. When i came into the room i saw i missed few great opportunities...So i waited and let the market paint the entry for me.

I am showing a bit of my theory but there is another Rule of engagement that i am not allowed to show as my mentor has asked me not to give away all the secrets.

So far i have shared the levels on my chart due to sheer respect to this forum which has given me so much.

Sharmas

Awesome! Thank you for the response. I do not need to know the secret sauce, just wanted to clarify. I am glad you are being very honest.

Just be careful with your wording; you mentioned "in the room" which means you are in a trade room and your "mentor" I presume would be the Head of the room... Lastly, we know which room you are a participant in (or was).

I am not saying you are doing anything wrong, but if you want to keep things secret, be careful with word choice.

All in all, I like what you do on the forum @sharmas and you seem very honest. I shall continue to follow along!

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  #169 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 708 since Apr 2010
Thanks: 3,702 given, 656 received

And here is the Friday trade

Friday was for family..

Got home and saw a beautiful set up and took the long

Sharmas

Attached Thumbnails
Sharmas Journal-cl-08-16-3-min-15_07_2016.jpg   Sharmas Journal-cl-08-16-3-min-16_07_2016-3.jpg  
 
  #170 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 708 since Apr 2010
Thanks: 3,702 given, 656 received

And here what the levels were for today


Summer trading has its pros and cons.

Sitting on your hands is not a bad thing to do as preservation of your capital is the number of priority

For you to win a trade someone has to loss it...Best is you look for your highest probability set up and repeat that over and over.

Sharmas

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