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Crude conversations
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Created: by Maelstrom Attachments:47

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Crude conversations

  #61 (permalink)
Elite Member
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Maelstrom's Avatar
 
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Short

Short from 96.40, stop 96.58.

Don't like that setup, but it was there, so took it.

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  #62 (permalink)
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Are you still in this trade or did you bail out? It looks like it went 1 cent short of your fifty cent target (so far).

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  #63 (permalink)
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Yup...



roreilly View Post
Are you still in this trade or did you bail out? It looks like it went 1 cent short of your fifty cent target (so far).

Still in it.... probably a very dumb thing to do, but looking at something a little different this morning.

Logical exit was a couple of ticks above yesterdays high, or the reversal from that level.

Will keep you posted...good or bad

M

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  #64 (permalink)
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  #65 (permalink)
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Random thoughts

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  #66 (permalink)
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Experiment......

.... failed.

Will go into more details on my thought process on that one, or lack thereof.

Though the trade actually lost 10 or 11 ticks, true loss with opportunity was more like 60 ticks.

Time for some revenge trading!!
(just kidding)

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  #67 (permalink)
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Stupid

Sloppy, stupid trade.... this is one that I SHOULD have had my ass handed to me for. Late entry, just wrong wrong wrong.

Chalking it up to not paying attention to what I should. May be done for today.

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  #68 (permalink)
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new day same trade


peterg View Post
They'll keep buying the pull backs until proven wrong then they'll sell the rallies until proven wrong.

Keep doing what works...but understand bigger picture...why it works ie with in Context.

I see you pressing trades into exhaustion a few too many times; this contunuation breakout works in strong momentum only to the point of trend exhaustion
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Maelstrom View Post
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Again same trade: Sell London and Buy New York open @ the 96 pullback pivot. They may dip the figure but its just to sweep the stops. Same old Grandma 1:4 RR swing it back to 97+ Top of Range level.

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  #69 (permalink)
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Did you catch any of the volatility over the past two days? I would be interested to see how your entries work in a fast moving, volatile day. I am still a little unclear on how you decide which support/resistance triggers the three level entry. Is is any support or resistance, or is it subjective? Thanks.

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  #70 (permalink)
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roreilly View Post
Did you catch any of the volatility over the past two days? I would be interested to see how your entries work in a fast moving, volatile day. I am still a little unclear on how you decide which support/resistance triggers the three level entry. Is is any support or resistance, or is it subjective? Thanks.

I did - both were pretty outstanding days. Wed was able to stay with the downtrend for several trades, and yesterday not quite as easy, but still a good day.

As for your questions, no, it is not any S/R, or subjective. Pretty much rule based on specific patterns and entry triggers. I know I had promised to clarify everything, but as I mentioned, a little more difficult clearly writing out step by step what I see or am looking for. A little torn on this journal as well... originally had intended it to be for accountability for myself, and it has been helpful to a certain degree in having to expose myself with bad decisions or bad trades, but it has been a bit distracting posting during the trading day - especially "live trades". Guess I wanted transparency in my trading and not just be a hindsight trader. Anyway, realized that doesn't much matter - my accountability is to myself, and my account

If there are specific questions or things I can clarify, let me know - no holy grails here, and have no issue sharing what I do. And will continue to post daily recaps as time permits.

Thanks
M

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