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playing the CL
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playing the CL

  #11 (permalink)
Elite Member
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: SierraChart
Favorite Futures: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

for dinner

Just back, found this little buy zone
20:49 buy 52.70 1C only, +22 tick

no more screentime today, thanks for the kind market

Day total +42 tick / + 409 $

Attached Thumbnails
playing the CL-20150209b.jpg  
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  #12 (permalink)
Elite Member
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: SierraChart
Favorite Futures: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

Today a bit hard day for me, but finally banked pretty good profit.
I have to re-evaluate my SL and XX settings, I feel I gave back too much on the last short (50 tick MX, than SL +17 tick = better to take out all, or move SL closer, this is my homework to calculate)

13:06 opened the sell limit 52.29 2C SL -10 -10
13:32 buy 52.35 2C XX 0 poor price action
15:30 buy 1C 52.32 XX -11 - big warning, was no ATM selected and SL not set with trade opening
16:10 buy 2C 51.35 MX +14, SL -4
16:24 buy 2C 51.00 round number entry, SL -10 -10 - should wait the reaction before entry ?
16:36 buy stop 51.02 SL -10 -10 - dont play against the trend!
16:44 sell 2C 51.17 MX +10 SL +2
17:06 buy 1C 51.02 XX -1 - didnt took the real short setup because this trade
17:20 sell 2C 51.07
MX +51, SL +17 -this trade needs further evaluation
17:44 buy 2C 50.53 - last bottom
MX +14 SL +27 - should take the short setup again

I was at nearly my daily loss limit, also tired and thats all for today and Im happy that finally its a positive.
Many trades, +58 tick / +524 $, thanks oil market.

Attached Thumbnails
playing the CL-20150210.jpg   playing the CL-20150210b.jpg  
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  #13 (permalink)
Elite Member
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: SierraChart
Favorite Futures: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

a loosing day


Today I was unable to think, my own daily loss limit not exceeded, so no problem. When I feel myself so bad, wont trade at all next time.

A morning try:
08:46 buy 2C 50.54 SL -10 -10

When back, with headache again
14:54 buy 2C 49.52 XX +1 +1 close to the pit open, and no enough buy pressure
17:34 sell 2C 49.18 instant SL -10 -10 - was on moving M5 bar
17:59 sell 2C 49.40 SL -10 -10 - this trade should be a long from 49.28, and risky so must SL set BE at 1:1 R
18:11 sell 2C 49.64 MX +9 XX -3 - a countertrade again, and not taking the trend direction long
18:18 buy 1C 49.76 breakout trade, far from good entry so 1 contract, REV @ 49.94 +18
18:28 sell 2C 49.94 MX +10 and why this is XX +1 I really dont know, was free ride and could make my day, instead try 3 counter trend:

18:42 buy 2C 49.69 SL -10 -10
18:46 buy 2C 49.45 SL -10 -10
18:57 buy 2C 49.37 SL -10 -10 these trades are totally worthless, and 3 pcs

go trend finally
19:04 sell 49.22 2C MX +14 SL +20

This happened today, the risk free short could be 50 maybe 100 tick and without 3 looser.

Total -49 tick // -567 $ the final score
+ lesson when not to trade and
+ keep the riskless 2nd unit open as long as possible

Attached Thumbnails
playing the CL-20150211.jpg  
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  #14 (permalink)
Elite Member
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: SierraChart
Favorite Futures: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

teaching for today

Was interesting day, seems if I trade less make more, if work hard get less. Clearly overtrading, very much trades and finally +60 $ .


Before opening I was up 89 tick:
09:28 buy 2C 49.94 MX +12 XX +29
11:41 buy 2C 50.01 MX +16 SL +12
14:39 sell 1C 49.99 XX +20

and when came back after open, I saw the huge (missed) upmove. In the downmove I got burn.
Too many times, should stop draining my profit... From now if half of profits gone, Im also gone away, shut down PC.
15:52 buy 1C 51.12 SL -10 instantly
16:00 buy 2C 50.84 SL -10 -10
16:02 buy 2C 50.55 SL -10 -10 This should be the last trade, I didnt follow my rule = 3 looser in a row
16:10 buy 1C 50.18 SL 1
buy limit 49.98 SL -5 -5
16:42 sell 2C 50.19 SL -3 -4
16:51 buy 1C 50.20 SL -20
buy 49.86 MX +10 SL +20
sell 2C 50.05 SL -4 -4
17:29 buy 2C 50.28 SL -9 -9
17:31 revenge trade sell 2C 50.13 -10 -10 My God, what am I doing ?!? break

18:10 buy 2C 50.63 SL -10 -10
18:14 buy 2C 50.49 MX +14 SL +9
18:32 sell 50.60 2C SL -10 -10
18:40 buy 2C 50.70 -10 -10
19:38 buy 2C 51.01 +1 +1
19:42 sell 2C 51.02 +14 +25
20:02 buy 2C 50.65 +19 +2 crazy price action
20:16 sell 1C 51.24 -6
20:18 sell 1C 51.38 +27

than finally back from negative, lol
Big lesson today. Before open any trade, the first question must be:
Is it worth to take the risk?

Total +23 ticks but the commissions ate that, +62 $. Market still gave me some dollars and lesson learnt.

Attached Thumbnails
playing the CL-20150212.jpg   playing the CL-20150212b.jpg  
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  #15 (permalink)
Elite Member
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: SierraChart
Favorite Futures: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

black Friday

I lost my focus, and wanted to make some ticks on friday, before leaving...

Here are the results:
08:08 sell 52.04 2C XX 0
08:20 buy 51.91 2C XX 0
08:36 sell 51.89 late entry SL -10 -10
09:08 sell 51.82 2C SL -10 -10
09:26 sell 52.03 2C SL -8 -8
09:30 buy 52.13 breakout SL -2 -2
THis time reached the ideal daily loss limit -60 ticks, but I was angry because first 2 trades could make profit...
try to make more:
10:48 sell 51.97 1C SL -9
11:38 buy 52.04 2C SL -5 -5
12:02 sell 52.02 2C MX +18 SL +3
17:04 sell 53.21 2C SL -10 -10
18:26 sell 52.79 2C SL -9 -9
20:26 sell 52.60 1C SL -10 - how many times I can try to go against the trend
20:28 buy 51.61 2C SL +5 +5 - this trade I was thinking to close at +20 (400$) and could erase my stupid movements and back to 60 tick loss, but didnt noticed its friday pit close..
here is the even worst trying to save myself:
21:14 sell 2C 52.78 SL -10 -10
21:22 buy 2C 52.76 SL -6 -6

Finally end, -128 tick and -1382 usd loss. Big mistake from my side, main problem was loosing the focus in the morning, and chasing the ticks without correct trading plan.
Took some days break.

Attached Thumbnails
playing the CL-20150213.jpg   playing the CL-20150213b.jpg  
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  #16 (permalink)
Elite Member
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: SierraChart
Favorite Futures: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

starting fresh

after 3 days break, I cleared my mind and started pretty good:
15:01 buy 2C 52.30 SL -10 -10
15:08 sell 2C MX +20 SL +47 - I should delay MX because was no reason to exit even partially
15:24 buy 1C 51.74 counter trend trade
SL +11 and seems CT trades makes me to skip RE-entries to the trend direction
16:27 buy 2C 50.85 counter trend trade, good reaction point
MX +11 SL +20 - here I was thinking to leave it BE and see what happens, this is a must learn as a trader to run the risk free trades as long as possible
16:44 sell 1C 51.15 XX +9
17:14 sell 1C 51.47 SL -8 last trade of the day, learnt from previous trading days

+91 tick / +877 $ on the account
And one very valuable lesson, when you feel the power of a trend and can stay in with a riskless contract, try to stay and make an ACE trade (just find 1 or 2 in every month and your balance will rocket)

Thanks, my focus is back on track

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playing the CL-20150217.jpg  
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  #17 (permalink)
Elite Member
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: SierraChart
Favorite Futures: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

Rollover on CL makes very choppy moves & fast retracements. Need to take the ticks sooner and lower risk.
Pre session was only loosing, Im forcing trades again:
09:27 buy 53.02 2C instant SL -10 -10
10:20 buy 52.76 2C SL -10 -10
10:26 sell 52.86 2C SL -10 -11 - stupid move, at 11 ticks on support should MX & set BE (low volume)
10:49 buy 52.92 2C SL -5 -5
10:53 sell 52.85 2C SL -10 -10

Took a break.

14:30 sell 52.47 2C SL 0 - at 15 ticks on support should MX & set BE (again)
After pit open, tried go long around 52.00, sometimes works now should wait the reaction since we opened 4 minutes..
15:04 buy 52.02 2C SL -10 -10
try short - half risk, or better not to try
15:08 sell 51.98 2C SL -5 -5
15:18 sell 52.25 2C MX +16 SL +3
15:26 sell 52.41 2C MX +6 XX +4 -- and I dont see the real buy setup, ehh
(better solution next time: REV at green line, that way I bank 14 tick on XX, risk 10 tick = same as XX 4 tick if fail)
15:40 sell 52.75 2C MX +9 SL -1 - a countertrend trade which fails, and again dont realise the buy setup
15:48 buy 53.16 now I see this is not a setup, its real stupid market chasing !
REV -10 -10
on short MX +13 - very early and not needed, SL hit at break even, ahh 30 ticks gone
we entered to a triangle now
need to fresh my mind if want to trade normally

16:14 buy 52.82 2C MX +15 SL +15
16:40 sell 52.99 1C MX +10 - here I was thinking to set target 52,00 and forget it, unfortunately only 1 unit and I made much loosing already. Later seems it was a good idea
17:34 sell 52.55 2C MX 36 XX +51 - why not 52.00 TP ??
18:08 sell 52.26 1C XX +18
18:22 buy 52.02 XX +34

Total +70 tick, too much trades again so account +570 $.
Thanks God

Attached Thumbnails
playing the CL-20150218.jpg   playing the CL-20150218b.jpg  
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  #18 (permalink)
Elite Member
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: SierraChart
Favorite Futures: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

Good morning guys, swithced to CL 04-15 contract because volume got higher yesterday evening.
CL daily chart shows interesting place, around EMA21 now. Be careful today due crude oil, and watch reaction zones: 50.50, 49.25, 54.50
Waiting patiently, today I have a little -10 tick only, and will trade after pit open.
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  #19 (permalink)
Elite Member
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: SierraChart
Favorite Futures: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

much work for nothing :)

I expected good trading for thursday, but overtraded a bit again.

10:58 sell 50.87 1C SL -10
15:10 sell 50.23 2C MX +12 XX +8
15:22 buy 52.00 2C SL -10 -10
15:28 sell 50.25 2C MX +10 SL -2 why no MX at 20 tick, risky
15:46 sell 50.50 1C XX +11
15:58 buy 50.31 1C in front of news! SL -10

take a break

16:38 buy 50.52 2C MX+11 SL +2
Crude Oil release
try a trade 6 minutes later:
17:06 buy 51.02 1C SL -10
okay, stay away
17:21 sell 51.02 1C XX +2 - didnt close at +20, was greedy..
and here comes the forced counter trend trades, I have to stop making these
17:35 sell on top 51.55 2C SL -9 -9
17:36 sell 51.75 1C SL -8
17:46 sell 52.25 2C SL -5 -5
17:48 buy 52.24 2C SL -10 -10

In the last 4 trades I didnt realised the long setup, because was trying to get short. This reminds me the book, Power vs Force, here we should use the power of a trend, which will eliminate the forced trades. Nice lesson.

17:50 sell 52.12 1C XX +30
18:24 buy 51.80 2C SL -10 -10
18:36 buy 51.68 1C SL -9
18:44 buy 51.36 2C MX +10 XX +12 fraidy exit, no signal for it
19:16 buy 51.68 1C SL -3
19:36 sell 51.69 2C SL -10 -10 this was not a good idea here
19:46 buy 51.77 2C MX +33 SL hit +40 (couldnt close +50 and also not run..) but this trade made the day positive.
Little gain, but better than loss, thanks

Total +21 ticks, too much trades so +95 $ on account.

Attached Thumbnails
playing the CL-20150219.jpg   playing the CL-20150219b.jpg  
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  #20 (permalink)
Elite Member
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: SierraChart
Favorite Futures: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

easy friday


Friday now pretty good, after last try to go long Im done and happy with the profits. Last short from 51.89 was 1C only and I couldnt run it, dont know why...

10:28 sell 51.73 2C MX +15 SL +6
12:18 buy 51.55 2C MX +15 SL +14
13:34 sell 52.00 1C SL -9
13:36 buy 52.10 2C not a valid setup! SL -10 -10 and reverse, ahh
14:02 buy 52.02 2C MX +6 SL +21
14:32 sell 52.37 1C scalp +9
15:24 buy limit 51.59 2C MX +11 XX +30 target price This trade was supported by market delta aswell.
15:30 sell 51.89 1C XX +21 - fraidy cat
last try
16:02 buy 51.17 1C SL -10 too volatile here, later could close in profit.
I was a bit pity why not kept the short, but nice profit so this is the end of trading today.

Total +109 ticks / + 1049 $ on account. Thanks.

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