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daddy's CL trading w. volume profile
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daddy's CL trading w. volume profile

  #11 (permalink)
Trading for Fun
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S/R zones for 2014.09.26.

Bias for the day: slightly bearish
Yesterday the crude tested the 93.3 two times, failing. Overnight was a third test, failing again.

If the bulls can push through 93.3 and then the 93.38-93.51 area, the way is free to 94.
Otherwise, if the bears come in they have to break through 3 support levels, and then the 92.22 ONL, then the next stop is the very wide 91.26-91.75 area. So the bears have to work harderÖ but I'm on their side

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  #12 (permalink)
Trading for Fun
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No trades for 2014.09.26.

I try to keep the promise to myself that I only pull the trigger on premium trades.
Today I couldnít see any real good ones, the ones I examined would give mixed results, I would be about even.
Of course anything can happen the second half of the day, but Iíll stay out, since itís Friday, and right now itís painfully slow for me.

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  #13 (permalink)
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S/R zones review for 2014.09.26.



daddy View Post
Bias for the day: slightly bearish
Yesterday the crude tested the 93.3 two times, failing. Overnight was a third test, failing again.

If the bulls can push through 93.3 and then the 93.38-93.51 area, the way is free to 94.
Otherwise, if the bears come in they have to break through 3 support levels, and then the 92.22 ONL, then the next stop is the very wide 91.26-91.75 area. So the bears have to work harderÖ but I'm on their side

The crude went sideways int he first half of the day. By 9:45, the bears could push down to the second support area, but couldnít break through. By 10:40 the bulls pushed the price fourth times to 93.3, but couldnít get through either.
The fifth time around 13:10 was successful, the bulls managed to push throuh to 93.86, but eventually lost power and came back below 93.3.

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  #14 (permalink)
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S/R zones for 2014.09.29.

Bias for the day: neutral

Right now the crude are just at the levels of the monthly resistance, so today may be choppy.
If the bulls can push through th ONH, the way is free to 94.
Otherwise, if the bears can move the crude below the ONL, the next support is the 92.2-92.3 area.

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  #15 (permalink)
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Trades for 2014.09.29.

It was a very bad day, I just lost the trading game mentally. The positive thing I also learned a lot

First, what did I do wrong:
- I wrote before, that I think itís gonna be a choppy day. Well, I ĄforgotĒ what I saw int he market before the open, so I wasnít cautious enough.
- Trades 4,5,6 are just were not justified, I have to stick to my usual setups.

What I learned:
- Iíll try to do my setups with trailing stops, be more agressive on trade management. Of course it has disadvantages, maybe Iím stopped out, then it goes my way. I think itís worth experimenting.
- I definitely overtraded after the losses. Rule from now: after two losing trades, I take a 10 minute break, away from the screens.

Trade 1:
Time: 9:36
Sell 5 @ 93.3
Buy 5 @ 93.36
P&L w. commissions: -323.2
I think the trade idea was good. The crude was streched, and there was a volume imbalance as well. The delta was choppy, though.

Trade 2:
Time: 9:38
Sell 5 @ 93.29
Buy 5 @ 93.32
P&L w. commissions: -173.2
I was still fond of the idea that itís gonna go down. Instead of breaking down, it went sideways.
It was a losing trade, but I saw the delta decreasing, so I narrowed the stop, which was a good move, so I lost less.

Trade 3:
Time: 10:06
Sell 5 @ 93.53
Buy 2 @ 93.47
Buy 3 @ 93.53
P&L w. commissions: 96.8
It was a good trade, I got the first goal, after that it turned.

Trade 4:
Time: 10:22
Buy 5 @ 93.56
Sell 5 @ 93.51
P&L w. commissions: -273.2
It wasnít my usual setup, I usually donít play breakouts. In the future, if I play this, I have to use trailing stops, since most breakouts fail. With a trailing stop the loss would be around 70.

Trade 5:
Time: 10:39
Sell 5 @ 93.62
Buy 5 @ 93.63
P&L w. commissions: -73.2
I shouldnít have taken this trade, it didnít meet my requirements: the ONH and prev. close was too close, so it became choppy in this area. I tried to scratch.

Trade 6:
Time: 11:01
Buy 5 @ 93.71
Sell 5 @ 93.66
P&L w. commissions: -293.2
I tried a breakout again, too bad.

P&L for the day: -1039.2
P&L from 09.24: -688.4

Attached Thumbnails
daddy's CL trading w. volume profile-20140929_trade_1.jpg   daddy's CL trading w. volume profile-20140929_trade_2.jpg   daddy's CL trading w. volume profile-20140929_trade_3.jpg   daddy's CL trading w. volume profile-20140929_trade_4.jpg   daddy's CL trading w. volume profile-20140929_trade_5.jpg  
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  #16 (permalink)
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Trades for 2014.09.29.

The sreenshot for trade 6:

Attached Thumbnails
daddy's CL trading w. volume profile-20140929_trade_6.jpg  
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  #17 (permalink)
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Nice job journaling @daddy.

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  #18 (permalink)
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S/R zones review for 2014.09.29.


daddy View Post
Bias for the day: neutral

Right now the crude are just at the levels of the monthly resistance, so today may be choppy.
If the bulls can push through th ONH, the way is free to 94.
Otherwise, if the bears can move the crude below the ONL, the next support is the 92.2-92.3 area.

Well, the bulls won, after chopping around the ONH and prev. close, they pushed it through to the 93.9-94.05 area, then to the next resistance area to 94.61-94.9.
The predefined areas served well:

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  #19 (permalink)
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S/R zones for 2014.09.30.

Bias for the day: neutral / slightly bearish

Overnight the crude mainly moved in the 94.4-94.76 area. Itís just above the levels of the monthly resistance, but I think it will go back below 93 this week.
I donít think the bulls can push through the ONH, or not much Ė its the end of the VolProf (all) there. If they do, it can go a long wayÖ
Otherwise, if the bears can move the crude below the ONL, the next support is the 93.9-94.03 area.

So the areas are:
90.75-90.91
91.3-91.76
92.25-92.4
92.71-93.3
93.5-93.63
93.9-94.03
94.4-94.76
95.73-95.93

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  #20 (permalink)
Trading for Fun
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Thanks: 139 given, 203 received

Trades for 2014.09.30.


Because the trading mistakes of yesterday, I altered my trading method. Till yesterday my profit target was 20 ticks, with scaling out on the way, and leave 1 contract in to run, if it wants
Today I was more agressive, I used trailing stops instead of fix ones, and planned all out at 10 ticks.
Also managed to pull the trigger on the real good ones, I just waited till the trade shouted in my face: NOW!

I didnít want to stay in the market after the 11:25 selling frenzy. Personally, I prefer stay out of the elevator when a 900 pound gorilla is in.

Trade 1:
Time: 9:30
Buy 5 @ 94.13
Sell 5 @ 94.23
P&L w. commissions: 476.8
Although I wanted to trade in the short side, I found the crude way too streched. The idea was to get a quick profit on the correction, and it was successful.

Trade 2:
Time: 9:51
Sell 5 @ 93.99
Buy 5 @ 93.89
P&L w. commissions: 476.8
This is the kind of a setup I usually look for: after a long strech to 94 the buying activity decreased, and one could see a paw of a bear. I also aimed for 10 ticks. The target could be more, but of course everybody can read the left side of the chart perfectly

P&L for the day: 953.6
P&L from 09.24: 265.2

Attached Thumbnails
daddy's CL trading w. volume profile-20140930_trade_1.jpg   daddy's CL trading w. volume profile-20140930_trade_2.jpg  
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