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COMMON SENSE
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COMMON SENSE

  #1221 (permalink)
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short 2874 area. stop loss above 2900 area.

Cover some 2840 area.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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  #1222 (permalink)
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I did not get bounce in PL to my liking but direction is clear. Bigger the bounce= Bigger position size. For typical ATR bounce i use smaller position size becuase it requires long HOLD time with usual SONG and DANCE in between. I add to shorts if an instruement bounces more after my short entry.

It's easier to pick direction but it's tough to pick exact location.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Attached Thumbnails
COMMON SENSE-2014-11-24_1144_pl_macro..png  

Last edited by mfbreakout; November 24th, 2014 at 01:14 PM.
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  #1223 (permalink)
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KC gave a massive rip up to short but i was already short and down $4. Around 4%.


NOTE: KC have been on a massive up trend all year long. For last 2 months there is no clear trend except massive up and down moves.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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COMMON SENSE-2014-11-24_1200_kc_short.png  

Last edited by mfbreakout; November 24th, 2014 at 01:41 PM.
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  #1224 (permalink)
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KC gave a massive rip up to short but i was already short and down $4. Around 4%.

KC been getting roasted since hitting 197.50. Out some 193.60. She will attempts to make new highs, do back and forth till enough longs are lured in or shorts. Don't even think about trading KC, CC, PL etc with cute little stop loss unless you like to get hosed. Instead of worrying about whether 800 ticks chart or some renko bars etc. is best to use, may be it will help to spend some time on " Bayes Rule".

Crude oil, NG , GC are better instruements for defined risk.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.

Last edited by mfbreakout; November 24th, 2014 at 03:21 PM.
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  #1225 (permalink)
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KC been getting roasted since hitting 197.50. Out some 193.60. She will attempts to make new highs, do back and forth till enough longs are lured in or shorts. Don't even think about trading KC, CC, PL etc with cute little stop loss unless you like to get hosed. Instead of worrying about whether 800 ticks chart or some renko bars etc. is best to use, may be it will help to spend some time on " Bayes Theorem".

I was not surprised by the up move but i am surprised at the SPEED of $7 pullback. Out flat 190.50.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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  #1226 (permalink)
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If any one traded crude please post your set ups. It will be nice to see what someone else was looking at.

For me it was a scratch day in CL. NG, PL, CC, KC, TF were nice trades for me. NG and TF long only. CC, KC, PL shorts only.

Holding some longs in NG and shorts in CC.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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  #1227 (permalink)
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CL TRADE

hello mfbreakout...i only had 1 trade today as i am busy with other things, but here is the set up for 34 ticks x2 cars.
It is not the best set up, and it is very short term of only 34 Ticks....13 minutes in trade $680....i could have traded
many other set ups today , but we are busy with Holiday prep.

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COMMON SENSE-cl-01-15-5-betterrenko-11_24_2014.jpg   COMMON SENSE-cl-11-24-14m-34ticks.jpg  
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  #1228 (permalink)
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Short 6A. Another example of me sitting in front of computer and trying to look at pips in the name of control, risk management, order flow etc. would have been utterly useless and most definetely get me out of a trade much earlier. Out most of the cars around 8525 on short from .8596 area during Asian session open. Pick up macro trend- it's obvious to even the most novice trader- trade with the trend and put stop loss away from noise. I use ATR for visual purposes and place stop loss way above 1 or 4 hour ATR. In these charts it looks like magic as to how price stayed below ATR etc. but i can show 100 other cases where it did not and after SONG and DANCE still pulled back after going above ATR etc.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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COMMON SENSE-2014-11-25_0749_6a.png  

Last edited by mfbreakout; November 25th, 2014 at 09:05 AM.
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  #1229 (permalink)
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NG has given massive trades over last 2 weeks but without any 1:1 or 1:3 risk rewards trades as far i can see. I am short from 4.27 area with ideal target around 4 area. My stop loss is above 4.60 area It should be above $5 area but 4.60 is all i can handle for this trade. I will not hold all of the cars till $4 area- it's just an area and NG does not have to go there before bouncing all the way to my entry etc.

I am risking more to make less? Weird math to say the least but it works for me. Staying away from noise becomes even more important when markets are slow. When market is active it's little bit easier to define risk in relation to reward.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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Last edited by mfbreakout; November 25th, 2014 at 09:46 AM.
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  #1230 (permalink)
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Short Silver from 16.67 area.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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