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Crude Oil CL
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Crude Oil CL

  #1 (permalink)
Trading Apprentice
Vancouver, Canada
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Ironbeam/CQG
Favorite Futures: Crude
 
Posts: 34 since Feb 2013
Thanks: 2 given, 1 received

Crude Oil CL

Been in futures since 2012 bounced around trading the ES and currencies, made some lost some with real money back to sim looking for real consistency. Now looking hard at CL part-time and the morning and parts during the day. I want to end goal to become a full time trader. I do have a career but it doesn't interest me as much as trading.

Techniques & tools: Renko charts, volume profiles, MACD, Stochastics. Oscillators are from the renko charts, I think it still works but we will find out.

So far before starting this trading journal there's some inconsistencies, I want to stick to a plan and trade off of it and also record everything I am doing to see what I am doing wrong.

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  #2 (permalink)
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  #3 (permalink)
Trading Apprentice
Vancouver, Canada
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Ironbeam/CQG
Favorite Futures: Crude
 
Posts: 34 since Feb 2013
Thanks: 2 given, 1 received


Didn't get in the morning session today

Short sentiment throughout the day but the market held
Took a long late in the day off of a volume bounce, a little bit late in the entry. Could have went long at 1145 and closed out after the LH.

Result: -3 ticks

Looks a bit ugly but that pretty much sums it up right there:

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  #4 (permalink)
Trading Apprentice
Vancouver, Canada
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Ironbeam/CQG
Favorite Futures: Crude
 
Posts: 34 since Feb 2013
Thanks: 2 given, 1 received

Another thing I am doing is I am not getting back at trading real money unless I find consistency
If I lose more than 20 ticks a day, add 2 more days on the sim, if I lose more than 30 add 3 more days on the sim etc.

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  #5 (permalink)
Trading Apprentice
Vancouver, Canada
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Ironbeam/CQG
Favorite Futures: Crude
 
Posts: 34 since Feb 2013
Thanks: 2 given, 1 received

Well can't wait to blog this one

Entry was a bit early didn't like it, and blew it on the early exit. This was disappointing as I was waiting for a week for a run like this, had to go to work so sold off.
Entry would have like to enter off of the last lower high. And a mistake that went in my way was I held through Crude inventories which came in my favor.

bagged +22 ticks
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looking for a reversal now

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  #6 (permalink)
Trading Apprentice
Vancouver, Canada
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Ironbeam/CQG
Favorite Futures: Crude
 
Posts: 34 since Feb 2013
Thanks: 2 given, 1 received

theoretical 160 ticks

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  #7 (permalink)
Trading Apprentice
Riga Latvia
 
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wamo View Post
theoretical 160 ticks

how do you think, crude will go down or up, as we have nice uptrend goin in day frame

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  #8 (permalink)
Trading Apprentice
Vancouver, Canada
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Ironbeam/CQG
Favorite Futures: Crude
 
Posts: 34 since Feb 2013
Thanks: 2 given, 1 received


jsphelia View Post
how do you think, crude will go down or up, as we have nice uptrend goin in day frame

The early uptrend didn't look right to me, wasn't based on a huge volume increase that's how I saw it

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  #9 (permalink)
Trading Apprentice
Vancouver, Canada
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Ironbeam/CQG
Favorite Futures: Crude
 
Posts: 34 since Feb 2013
Thanks: 2 given, 1 received

And chasing that reversal cost me 20 ticks, dumb move in such a aggressively short market.
It was based on a move couple weeks ago a down day and a huge reversal. Didn't get it here, will look for more confirmation next time. (What happened before doesn't mean it's bound to happen again)

+2 ticks overall

Looks like I might be pretty much done for the day unless I see a miracle
Thought process was there maybe 7/10
execution I would give myself 2/10


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  #10 (permalink)
Trading Apprentice
Vancouver, Canada
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Ironbeam/CQG
Favorite Futures: Crude
 
Posts: 34 since Feb 2013
Thanks: 2 given, 1 received


Another loser to report, down 45 ticks

A bit uncharacteristic, stretching to the trailing stop loss. Will go back to my 10 tick stops
Entries still a bit poor, making me take more risk then needed. Still a lot of work to do.

Mistake 1. textbook down day, probably won't be too bad if I kept these runners
Mistake 2. Reversals come low in probability, and have to wait for volume

done for the day
-43 ticks
Theoretical
~+200 ticks

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