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A CL Trading Journal
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Created: by Upupandaway Attachments:157

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A CL Trading Journal

  #171 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Advanced
Platform: NT
Broker/Data: TD Ameritrade, Dorman/Zenfire
Favorite Futures: CL,ES
 
VinceVirgil's Avatar
 
Posts: 1,752 since Aug 2011
Thanks: 2,144 given, 9,180 received


Big Mike View Post
I list myself as "advanced", not "master". I still make a lot of mistakes

Maybe you could include @tigertrader in that short list, because he is definitely in-tune with the market, it whispers to him in his sleep. You can find his fine advice scattered throughout the forum, but mainly concentrated within the SP500 main thread.

Mike

Yes, for sure Tiger Trader...and there are others, they just dont all come to mind at the moment.

And then there are all the webinar presenters, FT71, Al Brooks, Suri, ...there isnt enough room.

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  #172 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Advanced
Platform: NT
Broker/Data: TD Ameritrade, Dorman/Zenfire
Favorite Futures: CL,ES
 
VinceVirgil's Avatar
 
Posts: 1,752 since Aug 2011
Thanks: 2,144 given, 9,180 received


PandaWarrior View Post
Once again, I fear you are stretching the truth a tad here. You, @Big Mike and @Private Banker are the pros in the list you mentioned.....

OK, how about a pro mindset, then.

From what I have read, and seen, you are working at the craft of trading as well as anyone i have read about. Maybe your results arent what you always want, but that is true of all of us.

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  #173 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received



VinceVirgil View Post
OK, how about a pro mindset, then.

From what I have read, and seen, you are working at the craft of trading as well as anyone i have read about. Maybe your results arent what you always want, but that is true of all of us.

Ok, I'll go with that for now...thanks.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #174 (permalink)
Elite Member
Los Angeles, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Rithmic
Favorite Futures: GC
 
plethora's Avatar
 
Posts: 639 since Dec 2010
Thanks: 1,174 given, 422 received

Wow, lots of egos have surely hijacked this person's journal.
You guys are really projecting when you threaten to withhold
your "help" if the OP doesn't reform to your ways. This is his
process, and there is nothing you can do to prevent it. His
reflection from the inside out is more valuable than
any significant advice you think you are giving. You're just
harping, not instructing in any meaningful way whatsoever.
Work on yourselves; more needs to be done on that front than
what you imagine you can do for another. If anything, share
the example of reflection by working on yourself instead of all
the self-aggrandizement. It would go further.

And to you Up, about this post -- take what you need and leave
the rest.

The power of crowds is pathetic.

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  #175 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Advanced
Platform: NT
Broker/Data: TD Ameritrade, Dorman/Zenfire
Favorite Futures: CL,ES
 
VinceVirgil's Avatar
 
Posts: 1,752 since Aug 2011
Thanks: 2,144 given, 9,180 received


plethora View Post
Wow, lots of egos have surely hijacked this person's journal.
You guys are really projecting when you threaten to withhold
your "help" if the OP doesn't reform to your ways. This is his
process, and there is nothing you can do to prevent it. His
reflection from the inside out is more valuable than
any significant advice you think you are giving. You're just
harping, not instructing in any meaningful way whatsoever.
Work on yourselves; more needs to be done on that front than
what you imagine you can do for another. If anything, share
the example of reflection by working on yourself instead of all
the self-aggrandizement. It would go further.

And to you Up, about this post -- take what you need and leave
the rest.

The power of crowds is pathetic.

I have to say, I am a little offended by your post.

In fact, Up asked me for some specific clarification, particulaarily why he perceived I personally havnt shared as much with him as others have shared with me. Truth is, I dont have anything more to add. He has it all. There is nothng to withhold. Perhaps I wasnt clear in my explanation.

If I see someone walking into dangerous situation, I will do my best to warn him of that danger. If he choses to ignore my warninng and is injured as a result, I am not responsible. I warned him.

But we arent talking life or death here. We are talking about trading, and how to become a successful trader. There is series of steps to accomplish this, although there is plenty of room for individual variation.

1.Proven definable, repeatable strategy for your chosen market. ( Instrument, temperment, entires, exits)

2.Risk Management.

3.Money Management.

4. Method(s) for coping with the Phsychological side of trading.

All sucessful traders have these written down. Or commited to memory. Or tatooed on themselves. Nothng they do is left up to chance. they define every aspect of trading that can be defined and controlled, because there is one thing they cannot control...

Up doesnt sound like he has this. Thats a huge disadvantage for him. Because the people he is trading against all have it. They are the best traders in the world. And they have millions of dollars of equipement and software and capital behind them. More like billions. And their sole mission in life is to take money from his pocket, and put it into theirs. And that pisses me off.

But if he insists on giving it to them so easily, well, i warned him.

Frankly, I was giving Up the very best I possibly can. i dindt post out of ego, but because I would like to see him succeed as a trader.

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  #176 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received

Here are a few ideas to maybe help with your use of MACD, Upupandaway.

These are a few things I've come across from other forex systems (MT4) and some instructor's ideas from another site. These are just some ideas on helping to use MACD for some entries so please don't take this as a full system nor do I have time or credentials to mentor or teach as I'm on my own journey with a long way to go too.. I would recommend Al Brook's book(s) at least for learning about and getting a feel for PA as I think it helps confirm and support use of indicators in some ways.

update: took a small scalp later this evening. Using the same entry ideas /w MACD. I just went for a scalp, but turned out it was
a massive 80+ cent move on CL; who knew!? At least the entry was in position...

Attached Thumbnails
A CL Trading Journal-cl062212_150tk.jpg   A CL Trading Journal-cl062812a.jpg  

Last edited by Cloudy; June 29th, 2012 at 12:22 AM.
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  #177 (permalink)
Elite Member
Dallas/Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: CL Crude Oil
 
Posts: 281 since Sep 2011
Thanks: 168 given, 166 received

Funny how a begginer, in anything, can have so much to say. Giving out advice here and their...lol....so much to say, without saying anythign at all...

 
  #178 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received


Upupandaway View Post
Funny how a begginer, in anything, can have so much to say. Giving out advice here and their...lol....so much to say, without saying anythign at all...

You may want to rethink this attitude.

https://futures.io/trading-journals/13558-good-advise-so-i-will-follow-42.html#post235717

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
The following user says Thank You to PandaWarrior for this post:
 
  #179 (permalink)
Elite Member
Dallas/Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: CL Crude Oil
 
Posts: 281 since Sep 2011
Thanks: 168 given, 166 received

Panda I dont know what your implying...by sending me to something VinceVirgil wrote. You might be reading to much into what I said.

 
  #180 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,236 received



Upupandaway View Post
Panda I dont know what your implying...by sending me to something VinceVirgil wrote. You might be reading to much into what I said.

I won't speak for Brian. But, when you wrote:


Upupandaway View Post
Funny how a begginer, in anything, can have so much to say. Giving out advice here and their...lol....so much to say, without saying anythign at all...

I know what I was thinking, which is that it was rude and arrogant of you.

But the reason I didn't say anything earlier was because I know that no one can help you anymore --- where you are right now --- you simply HAVE to blow up your account, and maybe several more accounts --- there is simply no other way. And you do not believe anything anyone else is saying right now, you don't think anyone is offering any advice that is actually helpful, it all seems like riddles and useless information.

This is all perfectly normal, and all experienced traders went through it at one point.

I've seen it a lot of times (people blow up their accounts, and ignore good advice). I try to give a bit of advice because I want to help, but then when it is clear the person is not listening -- I just move on and let them go on and do their thing.

All experienced traders can recall back to the time when they ignored great advice because they simply weren't ready to listen to it, or understand it.

Hopefully in a few years, if you are still trading, you will have a better understanding that the posts written here were simply trying to help you. In summary: You are focused on how much you can earn, when you should be focused on how much you can lose.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

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6)
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