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playing the CL


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playing the CL

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  #1 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

Hello everyone,
I will post all my trades here, to be accountable and evole
My job is to trade smart, decide wise as best as I can do it.

Trades are usually on 5 minutes charts, sometimes continue on M15
Charts marked as follow: open with 2 units marked E(ntry), MX close 1 unit, SC add 2 unit, XXX close the trade.

Next chart will be more readable and marked better.

Using Metatrader now, 0.01 contract resolution which is cool for risk management but speards are big (3-6 tick)
From Jan 5th back on NT7,

today results:


+211 tick total units


replies always welcome,
regards
Peter

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  #3 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received


Wednesday, took a little profit and get cautious due ADP Non-Farm Employment Change in 10 minutes, later Crude Oil Inventories


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  #4 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

Starting a TST continuous combine, 100k account & trade NT7. Its the last one, I failed several times before, but now I will make it
Crude oil only, SL usually 10 ticks with 2 contracts. May the SL 20 ticks, than open 1 contract only. So the risk is 200$ / trade.
After 3 looser in a row, Im done for the day.
After winners and the 1st looser Im also finished the day.

My main chart is M5, mark levels on M30/M15. Main trend direction also defined on these charts.
No range bars, they hide the price action and too fast for me.
Also deleted all trailing stop ATM, only set BE at +20 tick, and will manually follow as trade progress.

After 3 big moving day, and Crude Oil Inventories today I will wait patiently.

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  #5 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

Today I had missed good entries, had strong headache and took some rest. Last short could be a big winner but I was fraidy cat and exited soon. After got a nice bonus, so finally its a +5.7 R day!

Trades today, always open 2 unit = 2 contract for a while
10:43 buy 2C 51.40 MX +12, SL hit +1
11:15 buy lmt 51.25 2C, SL hit -10 -10
15:17 buy stop 50.90 2C, SL hit -7 -7
15:58 sell 50.76 2C, SL hit -9 -9
16:04 sell 51.00 2C, MX +19, SL +20 10 minutes before Crude Oil Inventories
16:57 buy 50.14 2C, manual close at BE
17:10 buy 50.41 2C, MX +11, SL hit BE
19:36 sell 49.47 2C MX +29, fraidy cat XX +26 - error, M5 was good, I should tighten stop and hold.

+++bonus after walk in the fresh air+++
21:15 buy limit 48.00, MX +12 SL to BE, XX+40 in some minutes, thanks very much

total +1143 USD on the account, thanks

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  #6 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

Daily charts looks interesting, must be cautious around 48.50, yesterday's close. Above 50.40 I think it can go higher.
Also news releases in 1 hour, right now at 49.50 maybe a short oppurtunity. Lets see what happens, and stay calm

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  #7 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

Here is today trade results:

15:05 (5 mins after pit open) sell lmt 2C 49.54 SL -9 -9
15:11 sell because here is a sell zone (market delta suports aswell)
2C 49.54 MX +24 at pivot, XX +35 by SL
15:26 sell lmt 49.37 SL -10 -10
--dont open new trade close to 15:30 market open--

15:38 1 C buy because buy limits was below, and I had a feel of break out
NT7 frozen.... could exit blindly 49.70, -6

16:00 Buy lmt 49.90 MX +32 XX +110 @ 51.00

Total +157 ticks, +1537 $ on account.
If you have idea why NT7 doesnt deduct commission, please let me know. Its set in the options of course.

Have a nice day!

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  #8 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

This trade was worth a try,
risk eliminated in 6 minutes, remaining unit should close around 52.00 but I missed, than decided to test maybe continue down. Was not, but easy +43 ticks on 2 C.
11:11 sell 52.45 MX +22, SL XX +21

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  #9 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

here are the trades:
13:01 buy 1C 52.02, SL -10 bad setup
15:20 buy support 2C 51.16, cannot take out half at 10 tick, not enough push so manually close -5 -5
15:37 sell 2C 51.50, MX +24, XX +5 -> this was a stupid idea, and my brain problems started here

16:18 buy 1C 51.70 SL -9
16:21 sell 1C 51.54 - very stupid move, no setup at all
16:25 buy again 51.72 SL -10

these 3 trades were totally useless on friday
17:22 sell 51.51 2C SL -10 -10 i wanted to sell only 1 C, next time must correct immediately if entry has technical problem
17:43 buy 1C 51.53 XX +24 and enough for today

Today I overtraded and my last trade made back to the half profit, where I was in the lunchtime. Ahh, couldnt wait more, its 20 tick more hehe. I had a feeling that 52.00 will be reached, why couldnt wait that?

today +27 ticks, many trade so account +222 $
Thanks God, even with my stupid moves its a positive day! Tomorrow snowboarding, and a fresh start on monday.
Have a nice weekend for everyone

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  #10 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received


Since its monday, and I have to travel all afternoon,
had only 1 hour to check maybe market gives an opportunity.
09:57 buy 51.75 2C MX +10, XX +10 at 10:27

very low volume, no momentum
market delta supported this trade, on M2

if Im back and not tired, maybe check the evening' PA. If not, no problem at all
+20 tick / +193 $ and half of profit target reached already. Thanks.

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

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 $

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  #12 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: 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.

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  #13 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

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

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  #14 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

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.

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  #15 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

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.

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  #16 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

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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  #17 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: 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

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  #18 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: 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)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

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.

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  #20 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

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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  #21 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

13rd was ugly, the rest are good enough. Focus on next week, back to trading on Tuesday. Have a nice weekend for everyone!

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  #22 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
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On tuesday I was hoping there will be nice movements as on monday, but was boring and poor PA.
09:00 buy 48.71 2C MX +32 SL +24
than an unwanted buy, I must double check order entries. Was thinking to keep till 48.70 and maybe its a winner, but I decided to close and take a break.
So this -17 tick, pre session was +39 ticks.

15:16 buy 49.92 2C SL -10 -10 - forced entry, original limit buy was 49.85 which could be a nice winner
15:20 buy 49.98 1C SL +6
15:52 buy 49.85 2C SL -10 -10 should close at BE, before Yellen start speaking!
16:30 sell 49.84 2C SL -6 -6
16:40 buy 49.88 2C MX +15 SL +4 this could close at 20 tick profit, to save the day. Next time I will calculate it.
17:18 buy 49.96 2C SL -10 -10
19:00 buy 49.98 1C SL -10

Tired, total -18 tick // -198 USD on account. A little loss, need more patience when market not moves.
Thanks.

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 fofo 
Budapest, Hungary
 
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Posts: 46 since Oct 2013
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Today Im up 52 ticks before pit open, nearly same situation as yesterday
So its Yellen speaking again + Crude oil, I will watch and sit on my hands till' I see a very good, worth to take setup.
Until take a rest

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xylem
LONDON UK
 
 
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Hey Ive found the last few Oil days to be WAY too low in volume.

Has it affected your trading at all?

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 fofo 
Budapest, Hungary
 
Experience: Intermediate
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Trading: CL, ZB
 
Posts: 46 since Oct 2013
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xylem View Post
Hey Ive found the last few Oil days to be WAY too low in volume.

Has it affected your trading at all?

Yes VOL is low and in recent weeks was no so poor price action like on tuesday. Affect my trading, need to cash sooner, and price not reacts as usual. Biggest challenge is adopting to market conditions.

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 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

Today trades:
12:34 buy 49.37 2C MX +11 SL +12
13:20 sell 49.58 1C XX +15
13:50 buy 49.30 1C XX +3
14:34 buy 49.30 1C SL +11
17:22 sell 49.74 1C SL -9
18:04 sell 50.28 1C SL +13 too close stoploss
18:08 buy 49.88 2C SL -3 -3 this was closed bcs on M5 we was at dangerous place
18:38 buy 49.67 2C MX +5 SL +17 fraidy cat MX

Anyway today I wanted to trade lower risk, I could follow my rules and stay away while news release.
Also missed the market long entry around 49.33 at 17:15.
As writing the last long TP 50.10 would hit, so really have to leave desk and enjoy what I got. Im grateful.

Total +72 ticks // +672 USD. I decided to take baby steps to complete TST combine, 990 $ till profit target reach. No need to hurry.

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xylem
LONDON UK
 
 
Posts: 60 since Nov 2014
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Wow goodjob today.

I got chopped up but recovered it all back around that .33 long you missed.

What does MX SL etc mean? I guess C is contracts and SL is stoploss but not sure on the rest.

Do you have a systematic trading method?

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 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

Yes its basically the MAX trading system, I will review my advanced videos again, because Im exiting early many times.

MX - partial exit
XX - close position
SL - stoploss hit
SC - scale in, in the combine I didnt used, very good in a strong trend

Entries: buy / sell, C is the contract size.

May the ticks be with you

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  #29 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
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CL dance on daily 21 EMA in last 2 weeks, if 51.00 holds, than we can resume downtrend. Be careful and stay focused
Yesterday I got tired too early, so today dont trade pre-session.



Its an MT4 daily chart, I like more than NT7.

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  #30 (permalink)
xylem
LONDON UK
 
 
Posts: 60 since Nov 2014
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So your using a mechanical forex system?
Seems to be working well for you so I cant argue with it but I am more discretionary.

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  #31 (permalink)
 fofo 
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

Yes, the MAX method can be used on any market, any timeframe.
But stick to the rules, be patient and successfully use this system requires the right mindset.
Which is not easy.

Getting closer to the profit target, I lost my focus and wanted to make the remaining dollars only. Not trading wise: so I made a big loosing day and max loss exceeded.

I had to restart the combine. Making the new calculations and completing the system to finally achieve my trading goals, not only for finishing the combine but to be a real and profitable trader.

Was a good lesson again, hope the best and never give up

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