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THREE SET UPS
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Created: by Jeff Castille Attachments:243

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THREE SET UPS

  #351 (permalink)
 Vendor: www.ezcolortrading.com 
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3 Inside Bar trades, ie

1. Long +$120
2. Long - $280 (7-tick slippage!!)
3. Long +120

-$40 before commission .. should be +$30 without slippage LOL! Well, slippage is part of the game .. ..

Funny that NJ does not cancel the Sell Stop order when Long Stop was executed. It did mostly Mon and occasionally Tue. Today, it's on strike. I need to resolve it else I have to cancel the pending order manually + resetting both strategies every time else one of them does not run .. sigh ..

Beth

Attached Thumbnails
THREE SET UPS-cl-sim-log-30-jun.jpg   THREE SET UPS-cl-08-10-6_30_2010-15-min-.jpg  

Last edited by wgreenie; June 30th, 2010 at 12:57 PM. Reason: Re-attached the CL chart so that High/Low on the right candles.
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  #352 (permalink)
Trade with the flow
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wgreenie View Post
3 Inside Bar trades, ie

1. Long +$120
2. Long - $280 (7-tick slippage!!)
3. Long +120

-$40 before commission .. should be +$30 without slippage LOL! Well, slippage is part of the game .. ..

Funny that NJ does not cancel the Sell Stop order when Long Stop was executed. It did mostly Mon and occasionally Tue. Today, it's on strike. I need to resolve it else I have to cancel the pending order manually + resetting both strategies every time else one of them does not run .. sigh ..

Beth

You got 7 tick slippage cause you were trading at news time. 10:30 is the crude inventory. I've gotten 30 tick slippage on simulator trading at that time. This is one of the golden rules - do not trade around news.

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  #353 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received



cunparis View Post
You got 7 tick slippage cause you were trading at news time. 10:30 is the crude inventory. I've gotten 30 tick slippage on simulator trading at that time. This is one of the golden rules - do not trade around news.

Thanks Cunparis. This golden rule has been documented now. Huge slippage will not happen again.

Oh, should one follow the same rule when we have the Natural Gas report on Thu 10:30 am, ie no CL trading until its release too? Appreciate your tips. Thank you.

Beth

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  #354 (permalink)
Trade with the flow
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wgreenie View Post
Thanks Cunparis. This golden rule has been documented now. Huge slippage will not happen again.

Oh, should one follow the same rule when we have the Natural Gas report on Thu 10:30 am, ie no CL trading until its release too? Appreciate your tips. Thank you.

Beth

It'd be better if you answered that one yourself by studying the crude chart over the past few months on thursdays for the gas report. Until recently I haven't traded crude since January so I'm not sure but when in doubt sit out. Also sometimes the gas report isn't always on thursday, around holidays it can change days and/or times. Same for crude news, which is why it's so hard to backtest it.

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  #355 (permalink)
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The most important thing


wgreenie View Post
Thanks Cunparis. This golden rule has been documented now. Huge slippage will not happen again.

Oh, should one follow the same rule when we have the Natural Gas report on Thu 10:30 am, ie no CL trading until its release too? Appreciate your tips. Thank you.

Beth

I believe that the most important thing in trading is knowing WHEN to trade.

Please review posts #7,#33,#36,#41 !!!!!


Last edited by Jeff Castille; June 30th, 2010 at 04:23 PM.
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  #356 (permalink)
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cunparis View Post
How'd you all do today? Another tricky day.

I got +1 and +6.

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Hey C,

Not so tricky for me as I don't trade before the inventory report is released. I did take the long trade at 8:16 PST and it went off without a hitch +8+16. I'm wondering how you got +6????

Jeff

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  #357 (permalink)
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Jeff Castille View Post
Hey C,

Not so tricky for me as I don't trade before the inventory report is released. I did take the long trade at 8:16 PST and it went off without a hitch +8+16. I'm wondering how you got +6????

Jeff

I trailed my stop. You must have put your stop at -8 because a breakeven stop would have been triggered.

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  #358 (permalink)
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cunparis View Post
I trailed my stop. You must have put your stop at -8 because a breakeven stop would have been triggered.

No......I just had my regular ATM on..........strange.

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  #359 (permalink)
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Jeff Castille View Post
I believe that the most important thing in trading is know WHEN to trade.

Please review posts #7,#33,#36,#41 !!!!!

Thanks Jeff! I have captured all these 4 important posts per enclosed.

Beth

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THREE SET UPS-when-trade-suggested-jeff.jpg  
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  #360 (permalink)
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In response to Vics question

Jeff did you take the first trade this a.m. Inside bar ,,,it was 15 Minutes prior to PMI , did not know if that report was " news worthy " enough to skip the trade . Got + 8 + 1 on it .

No........I have found that CL often hovers with no direction on the mornings before the inventory report. So, I've decided NOT to trade before the report is released.

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