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BlackGold or Bust Ddawgs CL Trading Journal


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BlackGold or Bust Ddawgs CL Trading Journal

  #81 (permalink)
 Ddawg 
Phoenix Arizona
 
Experience: Beginner
Platform: MotiveWave
Trading: CL
Posts: 125 since May 2013
Thanks Given: 325
Thanks Received: 162

Quick Summary: Up $356.88 on the day. Just really slow in CL, at least until the end




Market very slow, no trades until after 10:00.

Trade 1: Short 52.75. Was very late on this trade. Also coming down into a ledge of volume. Just a poor entry and I lose 8 ticks on the 2 lot.

https://nexusfi.com/attachments/231877d1491947204

Trade 2: The market held at the area of volume, so I get long at 52.83. This was obviously the trade of the day for me. It was countertrend at this point, and I was still thinking that market wanted to go lower. I get shaken out for 2 ticks.

https://nexusfi.com/attachments/231878d1491947204

Trade 3: Market basically fakes me out. Hits my TS on the long, and so I think we are going down to test the lows. I get in at 52.82, just a really long, slow, painful trade. Just no follow through at all. I add 1 at 52.89. Market just wont go down. I lose 10 ticks on the blended entry.

https://nexusfi.com/attachments/231880d1491947204
https://nexusfi.com/attachments/231881d1491947204

At this point, I am not feeling too good. Down about $160. Market just not moving. I think about calling it a day but.....

Trade 4: Market finally breaks out of range to the upside at 52.90. It seems such an obvious level that I wait a bit to get in, market just doesn't want to go down, so I get long at 52.91. Just another slow trade, until a huge ramp up at about 11:30. I take 1 off for 16 ticks and 39 on the second.

https://nexusfi.com/attachments/231882d1491947232

Glad to finish GREEN

Good trading all,

Danny

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  #82 (permalink)
 Ddawg 
Phoenix Arizona
 
Experience: Beginner
Platform: MotiveWave
Trading: CL
Posts: 125 since May 2013
Thanks Given: 325
Thanks Received: 162

It has been very slow so not much to show from my trading.



The main thing is: after nearly a month of trading.....I am up $123.20. I'll take it!

Good Trading,

Danny

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  #83 (permalink)
 Ddawg 
Phoenix Arizona
 
Experience: Beginner
Platform: MotiveWave
Trading: CL
Posts: 125 since May 2013
Thanks Given: 325
Thanks Received: 162


Final: Down $14.72. Very disappointing day...Had the right idea but kept getting shook out.






Best wishes to all,

Danny

Started this thread Reply With Quote
  #84 (permalink)
 Ddawg 
Phoenix Arizona
 
Experience: Beginner
Platform: MotiveWave
Trading: CL
Posts: 125 since May 2013
Thanks Given: 325
Thanks Received: 162

Quick Summary: Down $474.08 for the day. Had a lot of nice opportunities, but just could not convert. I overtraded, no doubt, but I felt the day had opportunity, so I kept slugging away. I am basically just going to detail one trade....This was what I thought was the ONE LOL.





So I had battled back and forth, was down about $370, but I kept feeling that a move was coming. I had just stopped out of a long at 50.98. The logic for that trade was that it was about the 50% retracement level, I had some MA support, market seemed to be stalling, so I bought the 98s. However, market bled lower and I was stopped out.

So, I am convinced now that it is going to sell off. I short a 2 lot at 50.91. I add 1 at 50.87, I add another at 50.78, and finally I add another on the BO at 50.63. Obviously, I have a boatload on at this time!! But I have nice profit on the trade, and I am sure (Ahem) that we are going to roll over. Well, we didn't. I did make money on the trade, but ended up still down $120 plus commission.
https://nexusfi.com/attachments/232472d1492743784
https://nexusfi.com/attachments/232473d1492743784
https://nexusfi.com/attachments/232474d1492743784
https://nexusfi.com/attachments/232475d1492743817
https://nexusfi.com/attachments/232476d1492743817


I take a couple more shots at it, which unfortunately just gives me a bigger loss.


So after thinking about this throughout the day, I have to basically just blame myself for thinking there was more opportunity than there really was. The market really just rotated around the settlement price of 50.85. There was a lot of movement, and I was reading that as opportunity without seeing the bigger picture. Hopefully I can learn from this.

Good trading to all,

Danny

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  #85 (permalink)
 Ddawg 
Phoenix Arizona
 
Experience: Beginner
Platform: MotiveWave
Trading: CL
Posts: 125 since May 2013
Thanks Given: 325
Thanks Received: 162

Quick Summary: THE END. No really LOL


Ok, I admit it, I was swinging for the fence and struck out. My combine is up for renewal shortly and I decided I was either gonna win or lose. And I lost. Thanks for reading.



Danny

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  #86 (permalink)
 
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 aquarian1 
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
Posts: 4,034 since Dec 2010
Thanks Given: 1,509
Thanks Received: 2,593

tough luck Danny.

it looks like you just barely breached the $1000.

..........
peace, love and joy to you
.........
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Last Updated on April 23, 2017


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