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COMMON SENSE
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Created: by mfbreakout Attachments:812

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COMMON SENSE

  #521 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,077 since Aug 2011
Thanks: 971 given, 2,641 received

Hey guys...

Did someone type that they have been trading CL with great success for A COUPLE MONTHS? Holy fossil fuels Batmen! The thread started to detract from this thread should NOT get any attention or dialogue from the regular participants here. Let @Big Mike take care of that.

Dan

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  #522 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
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mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
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Trading


wldman View Post
Did someone type that they have been trading CL with great success for A COUPLE MONTHS? Holy fossil fuels Batmen! The thread started to detract from this thread should NOT get any attention or dialogue from the regular participants here. Let @Big Mike take care of that.

Dan

nice trading instruement you have- the hammer




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.
 
  #523 (permalink)
Elite Member
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Posts: 2,077 since Aug 2011
Thanks: 971 given, 2,641 received

man...


that is a box of hammers...as in I often fell dumber than a box of hammers. Would you like a fresh pic?
Dan

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  #524 (permalink)
Elite Member
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mfbreakout's Avatar
 
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CL

I would rather be blind than be long around 93 to 94 area. Where are the bulls? It took 3 hours for short to get played out, I am in no rush to go long or cover short completely.




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-2014-09-25_1024_song_and_dance.png   COMMON SENSE-2014-09-25_0516_trend1.png  

Last edited by mfbreakout; September 25th, 2014 at 12:06 PM.
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  #525 (permalink)
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Trading

CL moved from 92.30 area back to OR. No longs for me as FLUSH DOWN condtion was not met. Short with small size 93.12 area. Condition to short with size up here is FLUSH up. Till then it's random price action for me and not worth shorting with size.

Why would anyone who is put on ignore list will keep lurking around? Understanding this is tough part. Trading is easy.



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; September 25th, 2014 at 01:42 PM.
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  #526 (permalink)
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thanks

MFB...thx for all your posts. You are a big help to me and the futures.io (formerly BMT) community.

As Hillary once said..."It takes a Village"

Positive thoughts = Positive Results

The Market is Smarter than You Are
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  #527 (permalink)
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TF

Tuesday TF had 1.5% sell move, Wednesday 1.50% up move and today 1.78% down move. I am glad i have not tried swing trading with TF etc. How can one trade this? How about trend? What trend is what i say. It's all over the map. I have no desire to make predictions about collective behavior of market participants when it comes to TF, NQ 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.
Attached Thumbnails
COMMON SENSE-2014-09-25_1047_final.png  

Last edited by mfbreakout; September 25th, 2014 at 02:19 PM.
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  #528 (permalink)
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tflanner View Post
MFB...thx for all your posts. You are a big help to me and the futures.io (formerly BMT) community.

As Hillary once said..."It takes a Village"

Positive thoughts = Positive Results

Thanks TFlanner. Coming from a 30 year former pit trader means a lot.



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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  #529 (permalink)
Elite Member
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Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading

I get asked following question a lot. If anyone wants to contribute to this issue, please post.

" You said in your journal "I just try to get 25-30% per year- if lucky."


How is that?

Here is an example of 10K account size with 2 points ES stoploss/profit target with winning percentage of 60%

Account size 10000.
2 points stops, 2 points target. 2 trades a day (260 trades a year), wining percentage 60%
Commissions = $5
156 winning days (2 X $100 X 156) - (2 X $5 X 156) = 31200 - 1560 = 29640
260 - 156 = 104 loosing days (2 X $100 X 104 ) + (2 X $5 X 104) = 20800 + 1040 = 19760
P&L = 29640 - 19760 = 9880 that's 98.8%

What Am I missing here?"

First of all if you are doing this CONGRATULATION, and keep doing it. For more on this issue , i will recommend reading Dr. Brett Steerbarger blog. He has dealt with 1000's of traders and still does, he has written extensively on this topic.

TraderFeed



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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  #530 (permalink)
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mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
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Trading



mfbreakout View Post
CL moved from 92.30 area back to OR. No longs for me as FLUSH DOWN condtion was not met. Short with small size 93.12 area. Condition to short with size up here is FLUSH up. Till then it's random price action for me and not worth shorting with size.

Why would anyone who is put on ignore list will keep lurking around? Understanding this is tough part. Trading is easy.

Out flat 92.43.

I had restarted the journal to share changes in my trading from the previous one. Core of trading remains the same but execution, hold time, stop loss etc have changed.

Today will be last day i will share my P&L . Idea was to share as to what is possible. Journal will remian open and i will post. Most of the posts will be about swing trading, instruements which are under major change etc. and of course music.



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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