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A CL Trading Journal


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A CL Trading Journal

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  #61 (permalink)
Dallas,TX
 
Experience: Intermediate
Platform: NinjaTrader, OpenQuant
Broker: Zaner/Zen Fire
Trading: ES,6E,6B,GC,CL
 
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iTrade2Golf
""At that point you could sit on your hands or if you have a method for a trading market instead of a trending market you could switch to that method.""

could you pl explain what is " trading market" . did you mean to say range bound

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  #62 (permalink)
Nashville, TN
 
 
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emini_Holy_Grail View Post
iTrade2Golf
""At that point you could sit on your hands or if you have a method for a trading market instead of a trending market you could switch to that method.""

could you pl explain what is " trading market" . did you mean to say range bound

No I did not mean to say range bound market. But it is the same as a range bound market. To get technical all markets are range bound, a trending market makes a larger range. If you say Range bound I would know what you mean. I myself say range bound or choppy sometimes also.


In a trading market you would buy and sell more often because of the price fluctuations. In a trending market you would buy/sell and hold with the trend.

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  #63 (permalink)
Dallas/Tx
 
Experience: Advanced
Platform: NinjaTrader
Trading: CL Crude Oil
 
Posts: 281 since Sep 2011
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This trade happen today Wensday the 6 2012. However I was already done for the day. Couldn't sleep though, so I was sitting here watching it break down. So just as a "what" if, which wouldn't of been had it been real money, but for the sake of practice I took it.

This is exactly why "I" personally find trading so difficult. It's everything you have to sit through to get to your target. If you trade more than 1 contract, and say take 80 then set the other too break even plus 1, well you made 90 dollars. Then you get to watch it continue on down and hit your swing low target. Which is what it did.

No point to anyone here but myself. I really really have to be mentally ready for this. Cause this is what it is.

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  #64 (permalink)
Dallas/Tx
 
Experience: Advanced
Platform: NinjaTrader
Trading: CL Crude Oil
 
Posts: 281 since Sep 2011
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I wrote the above post Itrade2golf, before I knew you had written your last one. Well the one conerning my trades today. I think the above post of mine answers it pretty good. But I'll explain some of those in detail and what I thought.

The last trades today where a bounce off of the 5 minute charts moving average. I wasn't concerned with MA's on the 150 tick chart at that point and time. The short trades near the top of the day where good. Could of been different, wasn't. But that thing had torn up so much in the first hour. Once the IB was in, well it was a "wide IB" so either it was going to be a trend day, or stop right their and bounce back to the MA on the 150 tick chart. That is what I was trying to take advantage of. Thanks for the posts

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  #65 (permalink)
Nashville, TN
 
 
Posts: 38 since Jun 2011
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I look at your 150Tick chart and it gets me nervous from all the noise! I have attached your 150Tick chart with one of my scripts running on top of it with your MACD and moving averages that I think you use if I can remember right. I have also added my ES and CL chart with the time frames I trade each market on with one of my scripts running on it and your MACD and MA's.

Which do you think is easier to trade on a daily basis and be successful. I trade this way everyday and never get stressed out or tired. I have my scripts give visual cues and also a .wav file is played announcing a Long or Short setup in case I am away from the PC or watching a movie with my wife. I do not have to live and die with every tick. The MA's and MACD are only added because that is what you use I do not use them myself in my system, but I think it will be more familiar to you if I added them.


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  #66 (permalink)
La Jolla, CA
 
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PandaWarrior View Post
Of the lagging indicators, its the least lagging...but I agree with this statement. As most traders are looking for confirmation, price action alone is the closest most will come to "early" confirmation.

Confirmation can come in several ways. Confirming price action with no indicators, confirming price action with indicators and then indicators alone....indicators being the last in line for confirmation. That being said, used properly, they can be of a great help. My purpose in asking the pointed question was to make sure the OP really understood what the MACD was or was not doing for him.....and I remain unconvinced that using it for timing an entry is the best use of the MACD.

That's a great point. BTW, my comment wasn't directed at your post but more of an overview type statement. When looking at the significance of tools to be used within trading, it's almost the chicken vs. the egg scenario. Does volume come before a price level or vice versa? Is price action a derivative from the market overall perception of price at it's current level? Or is volume pushing the market?

I'm of the opinion that moving price is simply a result of the most recent perception that a dominant party was able to cut off it's move in one direction. The key is identifying areas where dominant parties would be interested in taking a position to push the market in a certain direction. So, once a price level is determined, the reactionary volume comes in which then can play into price action traders. Don't get me wrong, trading PA is a perfectly acceptable way to trade. It can however, limit your overall profitability vs. a trader who only inititates a few trader per day.

Cheers,
PB

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  #67 (permalink)
Dallas/Tx
 
Experience: Advanced
Platform: NinjaTrader
Trading: CL Crude Oil
 
Posts: 281 since Sep 2011
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15 trades plus 551 dollars.

Little tricky today huh? Opened way up, only to come back down. Just goes to show you, you cant just decide "oh, it's gonna be this today" One trade near the end their I lost way more than I would want to. Door bell rang, was the pool guy. So I got up to answer it. I'll put a note on my door, take care of that. All of this today was great. Good practice, but I wouldn't of traded today for real anyways. I got a "picture taking program" so I can show me results now too.

After the IB was in, and it started to go down, it became pretty easy to see where it could go to. Right now looks like it just will trend the rest of the day down. Anywyas...

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  #68 (permalink)
Dallas/Tx
 
Experience: Advanced
Platform: NinjaTrader
Trading: CL Crude Oil
 
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ITrade2golf

I dont get it. I looked at the pictures you posted. I dont see your "script". What does that mean your script? On the 15 range chart are those your entries, and the entry price?

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  #69 (permalink)
Dallas/Tx
 
Experience: Advanced
Platform: NinjaTrader
Trading: CL Crude Oil
 
Posts: 281 since Sep 2011
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Private trader. I agree with you. But dang, you gotta know where those areas are. I dont know how you can know about something that a person is going to do, before they do it? Like the dominate players. How can you know what they are going to do before they do it and you see the reaction to it? Just saying.....

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  #70 (permalink)
Nashville, TN
 
 
Posts: 38 since Jun 2011
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Upupandaway View Post
ITrade2golf

I dont get it. I looked at the pictures you posted. I dont see your "script". What does that mean your script?

I just noticed I posted a chart of the 150 Tick from the wrong trading time. I now posted one from the NY open.

The point had nothing to do with knowing my script. It has to do with time frames that are too noisy and can make it more difficult to trade.

A larger time frame can present fewer trades and achieve higher profits.

Yes those are setup markers that are drawn and the price is drawn giving me the close of the bar that presented a setup bar.



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February 6, 2013


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