Trading CL using a fibonancci approach - Trading Journals | futures io social day trading
futures io futures trading


Trading CL using a fibonancci approach
Updated: Views / Replies:6,179 / 85
Created: by Brewer20 Attachments:67

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 67  
 
Thread Tools Search this Thread
 

Trading CL using a fibonancci approach

  #21 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Intermediate
Platform: T4/TOS
Favorite Futures: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 87 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.
Attached Thumbnails
Trading CL using a fibonancci approach-pic6.jpg  

Last edited by Brewer20; March 7th, 2013 at 05:43 PM.
Reply With Quote
 
  #22 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Intermediate
Platform: T4/TOS
Favorite Futures: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 87 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.
Reply With Quote
 
  #23 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Intermediate
Platform: T4/TOS
Favorite Futures: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 87 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.
Attached Thumbnails
Trading CL using a fibonancci approach-pic1.jpg  

Last edited by Brewer20; March 8th, 2013 at 01:43 PM.
Reply With Quote
 
  #24 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Intermediate
Platform: T4/TOS
Favorite Futures: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 87 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.
Attached Thumbnails
Trading CL using a fibonancci approach-pic1b.jpg  
Reply With Quote
 
  #25 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Intermediate
Platform: T4/TOS
Favorite Futures: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 87 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.
Attached Thumbnails
Trading CL using a fibonancci approach-pic2.jpg  

Last edited by Brewer20; March 8th, 2013 at 10:49 AM.
Reply With Quote
 
  #26 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Intermediate
Platform: T4/TOS
Favorite Futures: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 87 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.
Attached Thumbnails
Trading CL using a fibonancci approach-pic3.jpg  

Last edited by Brewer20; March 8th, 2013 at 11:24 AM.
Reply With Quote
 
  #27 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Intermediate
Platform: T4/TOS
Favorite Futures: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 87 received

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

Plan your trade, trade your plan.
Attached Thumbnails
Trading CL using a fibonancci approach-pic4.jpg  

Last edited by Brewer20; March 8th, 2013 at 11:36 AM.
Reply With Quote
 
  #28 (permalink)
Membership Revoked
toronto canada
 
Futures Experience: Master
Platform: mt4 , ts, nt , cqg , m4
Favorite Futures: spot $, texas grease, jet fuel , quicksilver.
 
shopster's Avatar
 
Posts: 70 since Mar 2012
Thanks: 29 given, 222 received

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

s

Attached Thumbnails
Trading CL using a fibonancci approach-grease-pit-recap.gif  
Reply With Quote
The following user says Thank You to shopster for this post:
 
  #29 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Intermediate
Platform: T4/TOS
Favorite Futures: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 87 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.
Reply With Quote
 
  #30 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Intermediate
Platform: T4/TOS
Favorite Futures: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 87 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.
Attached Thumbnails
Trading CL using a fibonancci approach-pic5.jpg  

Last edited by Brewer20; March 8th, 2013 at 11:51 AM.
Reply With Quote

Reply



futures io > > > Trading CL using a fibonancci approach

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
THE CLIFFS NOTES VERSION OF MY APPROACH TO TRADING tigertrader Beginners and Introductions 3 July 8th, 2015 03:28 PM
A CL Trading Journal Upupandaway Trading Journals 215 February 6th, 2013 11:40 PM
Transitioning from paper-trading to real money trading Tomorrow (CL) reno57540 Commodities Futures Trading 4 October 25th, 2012 02:46 PM
IMSTradings' Project Approach to Futures Trading IMSTrading Elite Trading Journals 7 September 21st, 2012 04:27 PM
Trading the CL Michael.H The Elite Circle 11 October 19th, 2010 04:05 PM


All times are GMT -4. The time now is 06:46 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.11 seconds with 20 queries on phoenix via your IP 54.145.51.250