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Trading CL using a fibonancci approach
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Created: by Brewer20 Attachments:67

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Trading CL using a fibonancci approach

  #41 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Intermediate
Platform: T4/TOS
Favorite Futures: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 87 received

3/11/2013, trade4:
Long 91.33: target 91.42, stop 91.25
Target hit: +9 ticks

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

Last edited by Brewer20; March 11th, 2013 at 01:36 PM.
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  #42 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Intermediate
Platform: T4/TOS
Favorite Futures: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 87 received

3/11/2013, trade5:
Long 91.37: target 91.50, stop 91.28
Out, -11 ticks

Plan your trade, trade your plan.
Attached Thumbnails
Trading CL using a fibonancci approach-pic5.jpg  
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  #43 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Intermediate
Platform: T4/TOS
Favorite Futures: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 87 received


3/11/2013, trade6:
Short 91.31: target 90.68, stop 91.41
Out, -10ticks

Plan your trade, trade your plan.
Attached Thumbnails
Trading CL using a fibonancci approach-pic6.jpg   Trading CL using a fibonancci approach-pic6b.jpg  
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  #44 (permalink)
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Denver, CO
 
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Favorite Futures: ES
 
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Thanks: 71 given, 87 received

3/11/2013, trade7:
Long 91.36: target 91.65, stop 91.23
Profit target hit: +29ticks

Plan your trade, trade your plan.
Attached Thumbnails
Trading CL using a fibonancci approach-pic7.jpg  
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  #45 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Intermediate
Platform: T4/TOS
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Posts: 110 since Jun 2012
Thanks: 71 given, 87 received

March 11th, 2013 summary:

My biggest success today was keeping my emotions in check and maintaining my cool. I got a bit twisted, but did my best to wait for the next setup. I still need further work in this regard, being more patient.

My day's summary is below. At the end of the day, the net was a minor loss.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Plan your trade, trade your plan.
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  #46 (permalink)
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Michigan, Jackson
 
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Good work, Brewer. Don't we know the need for more patience. Ever looking for ways to justify our trade entries we see in retrospect that we could have been a little more patient.

Of course, the same can be said for holding a trade that finally went our way after getting stopped out by 1 tick. On the other hand, the next time we try to "patiently wait" the market punishes us even more.

So, like ya say, "plan your trade and trade your plan" even though that loss could'a been a winner.

Ken "COTtrader"

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The following user says Thank You to COTtrader for this post:
 
  #47 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Intermediate
Platform: T4/TOS
Favorite Futures: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 87 received


COTtrader View Post
Good work, Brewer. Don't we know the need for more patience. Ever looking for ways to justify our trade entries we see in retrospect that we could have been a little more patient.

Of course, the same can be said for holding a trade that finally went our way after getting stopped out by 1 tick. On the other hand, the next time we try to "patiently wait" the market punishes us even more.

So, like ya say, "plan your trade and trade your plan" even though that loss could'a been a winner.

Ken "COTtrader"

Thanks Ken, it is easy to over analyze trades in hindsight. That's a tough one to balance. Should I have moved my stop, or closed the trade prior to target? IMHO, that's a very bad habit to get into, unless you have a set of predefined rules to allow it.
Cheers

Plan your trade, trade your plan.
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  #48 (permalink)
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Denver, CO
 
Futures Experience: Intermediate
Platform: T4/TOS
Favorite Futures: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 87 received

3/12/2013, trade1:
Long 93.08: target 93.5, stop 92.90
Stopped out at 93.06. Net: -2 ticks

Plan your trade, trade your plan.
Attached Thumbnails
Trading CL using a fibonancci approach-pci1.jpg  
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  #49 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Intermediate
Platform: T4/TOS
Favorite Futures: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 87 received

3/12/2013, trade2:
Long 93.23: target 93.55, stop 92.13
Stopped out at 93.24. Net: +1 ticks

Plan your trade, trade your plan.
Attached Thumbnails
Trading CL using a fibonancci approach-pic2.jpg  
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  #50 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Intermediate
Platform: T4/TOS
Favorite Futures: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 87 received


3/12/2013, trade3:
Long 93.18: target 93.55, stop 92.13
Stopped out at 93.13. Net: -5 ticks

Plan your trade, trade your plan.
Attached Thumbnails
Trading CL using a fibonancci approach-pic3.jpg  
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