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Trading CL using a fibonancci approach


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Trading CL using a fibonancci approach

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  #21 (permalink)
Denver, CO
 
Experience: Intermediate
Platform: T4/TOS
Trading: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 91 received

Trying another entry on this extension long. This entry is a bit on the risky side, but I have room to the failure level of the ext long. Target for this trade is 91.97

3/7/2013, trade6:
Long at 91.10
  • 1st target hit
  • Stop to 91.04
  • Stop to 91.18 (11:35)
  • Stop to 91.22 (11:56)
  • Stop to 91.40 (12:24)
  • Still in this trade, stop to 91.48 (2:08)
  • Out, net +44 ticks

Plan your trade, trade your plan.
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  #22 (permalink)
Denver, CO
 
Experience: Intermediate
Platform: T4/TOS
Trading: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 91 received

March 7th, 2013 summary

Total trades: 6
% BE: 83%
Total pips: +32

I got a little whipsawed today, and was impatient at times. But over all I'm happy with myself for today. I am going to work on improving my trade exits for tomorrow.

Plan your trade, trade your plan.
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  #23 (permalink)
Denver, CO
 
Experience: Intermediate
Platform: T4/TOS
Trading: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 91 received


Good morning all.

Looking at CL this morning, I see measured move long that has been tested several times. this leads us up into the next daily short level.

Plan your trade, trade your plan.
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  #24 (permalink)
Denver, CO
 
Experience: Intermediate
Platform: T4/TOS
Trading: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 91 received

Entering into long trend on an micro ext long. Target is 92.05.


3/8/2013, trade1:
Long at 91.36
  • 1st target hit
  • Out BE, net 0 ticks

Plan your trade, trade your plan.
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  #25 (permalink)
Denver, CO
 
Experience: Intermediate
Platform: T4/TOS
Trading: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 91 received

Long off same micro long. Target 92.05

3/8/2013, trade2:
Long at 91.36
  • 1st target hit
  • stop to 91.30
  • Out BE, net 0 ticks

Plan your trade, trade your plan.
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  #26 (permalink)
Denver, CO
 
Experience: Intermediate
Platform: T4/TOS
Trading: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 91 received

Perhaps 3rd time's a charm. Long off of the same level. This is a better entry, closer to the 50% line, so it has a better chance of holding.

3/8/2013, trade3:
Long at 91.31, target 92.05
  • 1st target hit
  • stop to 91.25
  • stop to 91.27
  • Out, net +3 ticks

I should have closed this trade when we didn't break through 91.64 on the second test.

Plan your trade, trade your plan.
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  #27 (permalink)
Denver, CO
 
Experience: Intermediate
Platform: T4/TOS
Trading: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 91 received

3/8/2013, trade4:
Long at 91.34, target 92.05
Full stop, net -24 ticks.

Plan your trade, trade your plan.
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  #28 (permalink)
toronto canada
 
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Platform: mt4 , ts, nt , cqg , m4
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shopster's Avatar
 
Posts: 70 since Mar 2012

2 session red eye grease trades.......

s

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  #29 (permalink)
Denver, CO
 
Experience: Intermediate
Platform: T4/TOS
Trading: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 91 received

After failing to take profit, and then taking a full stop, that is tough to deal with. I'm telling myself to maintain discipline, follow rules, and not look for revenge on the market. I am accountable for my results.

Plan your trade, trade your plan.
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  #30 (permalink)
Denver, CO
 
Experience: Intermediate
Platform: T4/TOS
Trading: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 91 received


I see no change, entering long again.

3/8/2013, trade5:
Long at 91.34, target 92.05
  • 1st target hit
  • Stop to 91.28
  • Out BE, net 0 ticks

I felt myself cheering at the 1st target hit. I need to remain unemotional and objective.

Plan your trade, trade your plan.
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May 4, 2013


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