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CL Trading with PA. Charts only.
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Created: by dave5578 Attachments:5

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CL Trading with PA. Charts only.

  #11 (permalink)
Elite Member
Los Angeles, CA
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: CL ES
 
Goldstone15's Avatar
 
Posts: 239 since Jul 2012
Thanks: 49 given, 188 received

@dave5578 it might help followers of your thread if you posted a little about your setup, etc (or at least what you're looking for from the market). That way it would be easier to identify with your posts...

Before you attempt to beat the odds, make sure you can survive the odds beating you.
 
  #12 (permalink)
Membership Revoked
Columbus Ohio
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: CL
 
Posts: 34 since Oct 2012
Thanks: 6 given, 15 received

Yeah, I hear ya.

I thought about it, I decided I need a place to ramble about my moves, and I will let the users decide after a week or so if we want to talk about my system.

The biggest waste of time on trading websites are dudes who are not profitable posting charts in hindsight and that shit. Basically I need to earn the respect of the users before I can even consider explaining why or how I did it.

I appreciate your thoughts, and I enjoy your posts as well

-Dave Krupar

 
  #13 (permalink)
Elite Member
Los Angeles, CA
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: CL ES
 
Goldstone15's Avatar
 
Posts: 239 since Jul 2012
Thanks: 49 given, 188 received



dave5578 View Post
Yeah, I hear ya.

I thought about it, I decided I need a place to ramble about my moves, and I will let the users decide after a week or so if we want to talk about my system.

The biggest waste of time on trading websites are dudes who are not profitable posting charts in hindsight and that shit. Basically I need to earn the respect of the users before I can even consider explaining why or how I did it.

I appreciate your thoughts, and I enjoy your posts as well

-Dave Krupar

I see your point and agree. However, what I've always looked at is the explanation and understanding of the trades, more than the actual trade call itself. To me, almost anyone can call a trade and have a 50/50 chance of being right. But I've always given far more consideration to the explanation of the trade call and understanding of the market because one can usually detect whether someone has a grasp or is simply getting "lucky." I even wouldn't mind someone being wrong 7 out of 10 times if it seemed like there was good understanding (and maybe it was just a small losing streak). Plus, it's helpful to read others' take on market information...

But hey, it's your thread and I'm just an interested viewer...

Before you attempt to beat the odds, make sure you can survive the odds beating you.
 
  #14 (permalink)
Membership Revoked
Columbus Ohio
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: CL
 
Posts: 34 since Oct 2012
Thanks: 6 given, 15 received

Considering Longs in the $84.96 zone with a 10 cent stop.

Rough day so far, don't need to remind anyone really

 
  #15 (permalink)
Jedi Master
SF Bay Area
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: Multiple
Favorite Futures: CL, ES
 
Jedi's Avatar
 
Posts: 564 since Nov 2011
Thanks: 546 given, 577 received


Goldstone15 View Post
I see your point and agree. However, what I've always looked at is the explanation and understanding of the trades, more than the actual trade call itself. To me, almost anyone can call a trade and have a 50/50 chance of being right. But I've always given far more consideration to the explanation of the trade call and understanding of the market because one can usually detect whether someone has a grasp or is simply getting "lucky." I even wouldn't mind someone being wrong 7 out of 10 times if it seemed like there was good understanding (and maybe it was just a small losing streak). Plus, it's helpful to read others' take on market information...

If that is the criteria for assessing good analysis, then forums are all full of very profitable traders like a dime a dozen all killing it.. Although you can learn some things from hind sight analysis, that's not how the money is made..

You really don't know how good a trader you're following really is unless you either see their PNL, DOM or see some live real time calls over a span of time and everything comes out.. There's a good reason vendors typically don't provide real time analysis and there's also a good reason most traders on forums don't provide it.. but money is not made by hind sight analysis.. though many good concepts can be learned from it...

Ideally, you get both, which is what MF is providing in his thread.. and that's why I think its one of, if not the best threat on any public forum and receiving the kind of traffic that it does.. is there any other threads on BM that is receiving more traffic? If not, why not? Why is it that you're sitting in MF's thread and not another thread? Aside from the analytics, its real time...

You learn "concepts" thru hind sight analysis, but you learn "trading" only thru real time.. Its definitely not the same thing and not even close..


Last edited by Jedi; November 5th, 2012 at 03:20 PM.
 
  #16 (permalink)
Membership Revoked
Columbus Ohio
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: CL
 
Posts: 34 since Oct 2012
Thanks: 6 given, 15 received

Jedi

I was totally shitting all over MF's thread, it was pretty stupid of me.

So you guys know what you will get here, just read my response to gold. Hopefully, once proven worthy, this blog can be win/win for myself and alot of other readers as well.

Thanks again Gold and Jedi.

-Dave Krupar

 
  #17 (permalink)
Elite Member
Los Angeles, CA
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: CL ES
 
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Posts: 239 since Jul 2012
Thanks: 49 given, 188 received


Jedi View Post
Ideally, you get both...If not, why not?

That's exactly what I'm trying to say. It's best to see both real time. I'm just implying that it's better to see a trade call WITH an explanation rather than a call with something (implyed or otherwise) like "my gut told me to go long."

Hope that I'm making sense...

Before you attempt to beat the odds, make sure you can survive the odds beating you.
 
  #18 (permalink)
Jedi Master
SF Bay Area
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: Multiple
Favorite Futures: CL, ES
 
Jedi's Avatar
 
Posts: 564 since Nov 2011
Thanks: 546 given, 577 received


dave5578 View Post
I was totally shitting all over MF's thread, it was pretty stupid of me.

So you guys know what you will get here, just read my response to gold. Hopefully, once proven worthy, this blog can be win/win for myself and alot of other readers as well.

Thanks again Gold and Jedi.

-Dave Krupar

Any trading friend of MF is alright in my book, since he mentored me on CL.... Good luck with the thread, I'll try to participate where I can..

The following user says Thank You to Jedi for this post:
 
  #19 (permalink)
Membership Revoked
Columbus Ohio
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: CL
 
Posts: 34 since Oct 2012
Thanks: 6 given, 15 received

Another bit

I will also add, I cannot stand journals where dudes are all frontin' by saying.......

1. I need to follow my rules blah blah
2. I did these 10 things wrong today. Dude pick 2 and fix them
3. "my kids, my job". Shit man, your gonna lose soooo much money if you use that one again.

You won't get that here. That makes a BORING AS FUCK NEVER ENDING MENTAL WEAKNESS FOR PROFITS blog.

No hate intentionally directed to those journal guys.

It's just, trading to me is a slap you in the face your fucking up kinda convo, not a, "oh joe, you will do better if you just follow your rules, its ok!" No..... Joe will lose his fucking house as his P/L and trading resembles a journey into gambling

There is no other time in my life where I have had to be this hard on myself, my emotions and physically resisting an urge, than in trading.

Rant Complete.

-Dave Krupar

The following 2 users say Thank You to dave5578 for this post:
 
  #20 (permalink)
Jedi Master
SF Bay Area
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: Multiple
Favorite Futures: CL, ES
 
Jedi's Avatar
 
Posts: 564 since Nov 2011
Thanks: 546 given, 577 received



Goldstone15 View Post
That's exactly what I'm trying to say. It's best to see both real time. I'm just implying that it's better to see a trade call WITH an explanation rather than a call with something (implyed or otherwise) like "my gut told me to go long."

Hope that I'm making sense...

I agree, but how common is that? that's my point..


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