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A CL Trading Journal


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A CL Trading Journal

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  #41 (permalink)
Dallas/Tx
 
Experience: Advanced
Platform: NinjaTrader
Trading: CL Crude Oil
 
Posts: 281 since Sep 2011
Thanks: 168 given, 166 received

I'm sitting here looking at my 150 tick chart and it looks like it's changed, but hasn't. The only thing that is a little different was I set the MASlopeMulit indicator to show the 100MA. Anyways. I was really please with myself today and how I traded. I didn't get lost...."Where is it going, will it get their....and on and on". I just focused on whether or not what I was looking at was a trade setup. I also realized that I enter to much, previously. Why I do that I think now is because I dont want to have to wait for the next signal. What if it the next one is a loss? Might be, could be....so I believe I'm trying to control the market in that way, buy "coming" up with trades on the fly. Which is just deadly.

Also like I said before, that the comments trade2golf, and panda made really helped. I've never thought about a trade in the manner of it "breaking down" like panda said. I mean, that made it really easy to see, and easier to make a decision about if to, or not to trade.

I'm still using MP. I actually just got it all down loaded again and set up. I noticed something about that to, that wasn't good. I tend to see price here at point "A" and see that this other point "B" maybe the POC of yesterday, or the high, or whichever and trade based off of that. I mean actually pull the trigger off of where I think it might be 6 points from where it is now. That has nothing to do with MP, and everything to do with me. So I guess the end off all these is it was "ME"! I was what was wrong with my trading.

I hope to carry this momentum on to tomorrow and the next, till I can make a habit of this. Because right now I still very much have to consciously think about what I'm doing, and if it's "right".

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  #42 (permalink)
In the heat
 
Experience: None
Platform: Tradeovate
Trading: Energy
 
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Upupandaway View Post
Ok...now this is much better.

8 trades plus 463 dollars. I did good. I didn't do anything different...well..thats not true. I did what I was supposed to do, not what I wasn't. I credit that to comments made by other members. Notable the last couple of posts by tradetogolf, and panda. That helped me center myself again "mentally". I'll write more later tonight, but for today I'm done.



Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #43 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


Nice improvement there upupandaway! Keep working hard, you're on your way up....

Are you keeping up with trade statistics such as your average size winning trade to average size losing trade? If not, it might be something to take a look at.

-IT7

 
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  #44 (permalink)
Dallas/Tx
 
Experience: Advanced
Platform: NinjaTrader
Trading: CL Crude Oil
 
Posts: 281 since Sep 2011
Thanks: 168 given, 166 received

PandaWarrior

Well on the first two you pointed out the "MACD" had just crossed the zero line. The problem I had with it was the two lines "red and blue"had not yet crossed themselves "above" the zero line yet, and I know in most cases that is what occurs. And of course just the opposite for the second trade you pointed out.

As for the third trade you pointed out, price had tried twice to go lower and couldn't, or didn't, whichever. So when your trade came up their I hesitated and missed it. Of course you can see I tried entering right at the low, looked like it might go to IB low, but didn't. So that was a mistake I see now. So that's it, thanks for asking.

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  #45 (permalink)
Dallas/Tx
 
Experience: Advanced
Platform: NinjaTrader
Trading: CL Crude Oil
 
Posts: 281 since Sep 2011
Thanks: 168 given, 166 received

Indextrader

No...basically...thats the simplest answer. I do know though that starting on Monday, their will be enough "good" pull backs in a week for me to make 500 bucks. And almost always their is a day or multiple days when you can make 500 or alot more. But now maybe I can start keeping some sorta of stats that I'm trading more clear headed

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  #46 (permalink)
In the heat
 
Experience: None
Platform: Tradeovate
Trading: Energy
 
PandaWarrior's Avatar
 
Posts: 3,162 since Mar 2010
Thanks: 6,324 given, 13,368 received


Upupandaway View Post
PandaWarrior

Well on the first two you pointed out the "MACD" had just crossed the zero line. The problem I had with it was the two lines "red and blue"had not yet crossed themselves "above" the zero line yet, and I know in most cases that is what occurs. And of course just the opposite for the second trade you pointed out.

As for the third trade you pointed out, price had tried twice to go lower and couldn't, or didn't, whichever. So when your trade came up their I hesitated and missed it. Of course you can see I tried entering right at the low, looked like it might go to IB low, but didn't. So that was a mistake I see now. So that's it, thanks for asking.

And is a MACD necessary to your method? Or is price action enough seeing how the MACD is a lagging indicator? Just probing here....trying to make sure the thought process required to take a trade is not to complicated. The reason I bring it up is this.

You have a moving average system which by definition is both trend following and lagging. The MACD is both trend following and lagging. I am not sure you need a lagging indicator filtering a lagging indicator. Your thoughts?

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #47 (permalink)
Dallas/Tx
 
Experience: Advanced
Platform: NinjaTrader
Trading: CL Crude Oil
 
Posts: 281 since Sep 2011
Thanks: 168 given, 166 received

Well I'm not using the MACD to filter out the MA's. I'm using it to help me time entry's.

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  #48 (permalink)
Nashville, TN
 
 
Posts: 38 since Jun 2011
Thanks: 5 given, 79 received


Upupandaway View Post
Well I'm not using the MACD to filter out the MA's. I'm using it to help me time entry's.

Well congratulations on your recent revelations. I am glad I could help, and will continue to help as long as you need.

I would ask that you DEFINE EXACTLY your Setups, Signal, Entry, Exits and Risk Management. I am not sure of them as this thread progressed you changed somewhat. A TRADER NEVER enters a trade that is not defined in their system.

I am a little fuzzy about your current methods within your system. I am not here to analyze whether your system is correct, only that you have a complete system and will be disciplined with entries and exits and you have the correct mental approach to trading.

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  #49 (permalink)
Dallas/Tx
 
Experience: Advanced
Platform: NinjaTrader
Trading: CL Crude Oil
 
Posts: 281 since Sep 2011
Thanks: 168 given, 166 received

Well today was bad. I was thinking about some of the trades "panda" pointed out that I missed. So when I "thought" I saw one this morning I jumped on it. That went well so I tried it again. And of course this ended up with me getting lost, "mentally" because I wasn't trading my "plan" and having a disaster lol.

Anyways...I screwed up more than half the entries anyhow. I was jumping on anything I thought was an etnry, or close to it. Whatever...back to what I did on Monday, for Wenesday.


Trade2golf, I've attempted to "define" entries precisely as I can, and it's in my orginal plan, and I admit some of those precise rules are in my head. Like in Buying or Selling at the open "sufficient momentum" to me means that the 50EMA is the right color for your intended direction. And your right, I have modifided some rules on the fly, to meet what I thought was going to happen. That's been a grave mistake. Tomorrow I'll get back to trading whats in my plan as I understand, but if something needs more clarification, point it out, and I'll do that. Thanks

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  #50 (permalink)
Dallas/Tx
 
Experience: Advanced
Platform: NinjaTrader
Trading: CL Crude Oil
 
Posts: 281 since Sep 2011
Thanks: 168 given, 166 received


Oh...I'd be interested in seeing what a precise entry rules look like. Or has in it. I mean I'm not a sucessful trader. Would you be so inclined as to tell me your precise entries for say a "long" setup? That would be most informative, and teach alot of people I think, specially me lol.

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