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Trading CL using a fibonancci approach
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Trading CL using a fibonancci approach

  #71 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Intermediate
Platform: T4/TOS
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Posts: 110 since Jun 2012
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3/14/2013, trade1:
Long 92.58, stop 92.43, target 92.79
Out at target of 92.79
+ 21ticks

Plan your trade, trade your plan.
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  #72 (permalink)
Trading Apprentice
St. Cloud MN
 
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That DB this morn on 5 min had a nice .50% retrace too and if you look farther to the left, it sits on the .14.


It filled the pending orders of suckers first though on that second leg of DB before it took off

Good trading to you

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  #73 (permalink)
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zr1trader View Post
That DB this morn on 5 min had a nice .50% retrace too and if you look farther to the left, it sits on the .14.


It filled the pending orders of suckers first though on that second leg of DB before it took off

Good trading to you

Yep, that was a nice entry right at the pit open.

Plan your trade, trade your plan.
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  #74 (permalink)
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Slow day today. I'm sitting in a long at 92.66, looking for 93.11, which is just over the overnight highs.
took 1/2 off at 92.82 in case we don't get through highs.
Rest off at 92.72.

Avg gain: +11ticks

Plan your trade, trade your plan.
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Trading CL using a fibonancci approach-pic2.jpg  

Last edited by Brewer20; March 14th, 2013 at 01:31 PM.
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  #75 (permalink)
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Didn't do much else today. Had a few quick scalps in the afternoon range. That never went anywhere. I was out by the close, so didn't participate in the upside move.

Plan your trade, trade your plan.
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  #76 (permalink)
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A brief update:
I have decided to prepare for the TST combine. I had been trading an underfunded account, and it affected my trade management and psychology negatively. I will still post post trading day summaries here, along with thoughts and comments about the day.

From now on, until further notice, all trades in this journal are SIM.

Plan your trade, trade your plan.
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  #77 (permalink)
Membership Revoked
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zr1trader View Post
Here is an example of using those fib extensions as tgts, I like the 4.23 and 5.76 exits. EOD so Right now I'm looking at the 4.76 exit door. . can tighten up trail too, Another way to skin the cat with fibs





nice targets.
exit door...........

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  #78 (permalink)
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TST Combine: Day1

Today I begin a 10-day $150k TST combine. I have tried several in the past and failed. I will be journaling my progress through this combine.

Day 1 trades:
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Day 1 trade report:
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Plan your trade, trade your plan.

Last edited by Brewer20; April 22nd, 2013 at 06:07 PM.
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  #79 (permalink)
Trading Apprentice
San Francisco
 
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Hi Brewer, I like the day 1 report, what system are you using?THX


Brewer20 View Post
Today I begin a 10-day $150k TST combine. I have tried several in the past and failed. I will be journaling my progress through this combine.

Day 1 trades:
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Day 1 trade report:
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


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  #80 (permalink)
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kisskais View Post
Hi Brewer, I like the day 1 report, what system are you using?THX

@kisskais I trade a discretionary system. The essence is decoding price action to identify low risk areas for entry and also identify price targets. I do this via fib retracements as taught by David Halsey. I also use the ACD method taugh by Mark Fisher to give context to the day and manage expectations. I also have picked up bits and pieces from the many great trades here as well.

Plan your trade, trade your plan.
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