I think you must have calm nerves trade futures. For CL, you need nerves of steel. I have seen CL move 11 ticks in one hop. There is so much action I think you must treat your 4181 as your 610. There were two mother load trades in TF today.
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Well, I used to think that until I started watching Horst trade Oil a lot. I think I was actually the person who challenged him to trade that thing, but don't recall. CL and FDAX can be a bit dangerous, especially the latter...
I have been playing with it for 5 months now and like it a lot. A trend continuation pattern could work quite well also which is what most are doing on this forum.
Ok, today was just plain not good trading. I shouldn't beat myself up too badly as had I taken just a few trades I would have been very profitable, but I would have given almost all of it back.
I have 'shorts' on the brain. It was obviously long with the foot forming on the 1597 and I ignored it shorting shorting shorting. Today was an example of why I should not be live trading and I am very frustrated.
Not good trading. PERIOD.
I am a bit embarrassed by even showing this. However, at the end I was playing around and made 3 points.... On a SHORT! hahah...
I guess if you stick with it long enough you will be profitable. My wife is frustrated with her trading so she has changed from shooting for 3 point runs to taking 5 ticks and just hitting pivots. She is the most profitable she has ever been for the last 2 weeks and of course bragging about it. haha.. She is consistently +1 point roughly a day after commissions. Of course she waits all day to take 2 trades (not all day, but up to 1.5-2 hours) which I see a run go 3 points and I say what a waste. However, I am not getting those runs either as I chicken out not following the guidelines!
Tomorrow is hopefully a completely different trading day for myself. NO BIAS!!!
Video will be in next post once it gets uploaded. Seems like my upload speed is slow these days!
Last edited by bluemele; April 14th, 2011 at 01:59 PM.
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I was a bit early on my first entry, but I did see it going long a bit and it was a nice 5 point run at least, but I didn't stick with it as the indi's didn't seem clear and I was also reassessing my thinking for trading this morning.
I am only 'going through the motions' and not trading. This is how I lose money in live trading as well. I think, well, my account can handle this etc... Ouch.
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