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COMMON SENSE


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Updated November 27th 2014 by mfbreakout
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COMMON SENSE

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  #271 (permalink)
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TF


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CL been a dud. I have been shorting every time it gets around 93.40, will cover some around 93.12 and instead of going down , it will come back up. Still holding shorts but reduced size. Overall a dud.


TF been a champ and it can go all the way. GC short- once again turned out to be a scalp. Both trades after Fed. minutes at 2 pm eastern time.

Off some ahed of first test of meat of the market.

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  #272 (permalink)
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out flat


mfbreakout View Post
Off some ahed of first test of meat of the market.


Out flat why?

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Night Shift


GC short. Asian traders extended the down move which started after fed news 2 pm eastern time yesterday. Now, lets see what Euro traders do.
Had to put in Night Shift.



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Balance

Come on CACFUTURE and fellow traders from Europe- blow this balance away. I am counting on you.


" De' molir ce mur Mr. Gorbochev".

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  #275 (permalink)
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CL

" CL been a dud. I have been shorting every time it gets around 93.40, will cover some around 93.12 and instead of going down , it will come back up. Still holding shorts but reduced size."


Held shorts all day yesterday from 93.40 area, not sure why CL did not break 92 yesterday, cover some 93.04. No longs for me, just shorts. Time to catch some sleep.

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Finally


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" CL been a dud. I have been shorting every time it gets around 93.40, will cover some around 93.12 and instead of going down , it will come back up. Still holding shorts but reduced size."


Held shorts all day yesterday from 93.40 area, not sure why CL did not break 92 yesterday, cover some 93.04. No longs for me, just shorts. Time to catch some sleep.


I guess they needed enough longs to facilitate their shorts. Staying short after covering some.

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GC

I just can not figure out why lot of instruements just stay at one area for hours and then BOOM. It definetly pays to stay with the trend.

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PAIN TRAIN

Business plan calls for 3 successful trading days and 2 scratches. Looks like CL will make this a scratch day after gains from TF, GC on the day. Trying to manage the CL trade at this point and waiting for reversion to the mean.
A pullback off 40-60 ticks will make it whole and then some. How about if CL keeps running , then it will be a scratch day. Thus with worst case scenario with CL - that from average short price of 93.80, CL runs another 150 ticks and i do not do any thing in between like scaling in/out- day will be a scratch.

That's the ONLY way to trade that with a worst case scenario- a scratch day. That's the benefit of trading way under capacity and keeping lot of Powder dry because we all get surprises here and there. Without SURPRISES trading will not be FUN.

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GC

GC and TF .

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Day



mfbreakout View Post
Business plan calls for 3 successful trading days and 2 scratches. Looks like CL will make this a scratch day after gains from TF, GC on the day. Trying to manage the CL trade at this point and waiting for reversion to the mean.
A pullback off 40-60 ticks will make it whole and then some. How about if CL keeps running , then it will be a scratch day. Thus with worst case scenario with CL - that from average short price of 93.80, CL runs another 150 ticks and i do not do any thing in between like scaling in/out- day will be a scratch.

That's the ONLY way to trade that with a worst case scenario- a scratch day. That's the benefit of trading way under capacity and keeping lot of Powder dry.


4th day out of 5 trading days in a week recovered from being a scratch day to being positive day with trades in GC and TF.

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November 27, 2014


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