Adventures in Trading with a Killer

Discussion in 'Journals' started by Hedge Fund Killer, Apr 20, 2018.

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  1. Long HG @ 3.0710. S/L @ 3.0675.
     
    #51     May 7, 2018
  2. Stopped out. Loss = $87.50 per contract.
     
    #52     May 8, 2018
  3. Short CL @ 69.90. S/L @ 70.11.
     
    #53     May 8, 2018
  4. Stopped out. Loss = $210 per contract.
     
    #54     May 8, 2018
  5. Long CL @ 68.04. CL @ 69.10. S/L raised to 68.04. I believe that I have found my position trade.
     
    #55     May 8, 2018
  6. Today, I came into the light sweet crude oil (CL) market, expecting minuette wave 2 to retrace minuette wave 1, at no worst than the 61.8% retracement level. What I got was a slightly more than 78.6% retracement level that not only retraced minuette wave 1, but also minuette x, a, b, and c as well. In particular, CL retraced slightly more than 78.6% of the move from 66.85 of May 1 to 70.84 of May 7. See first graph. At 8:05 AM Pacific Standard Time (PST), CL broke through 69.58 and fell violently to 67.63 by 8:10 AM PST. CL then bounced up to 68.64 by 8:16 AM PST. At this point, I started looking for an ideal entry point; that is, an entry point with good risk-to-reward. I chose 68.04 because it was in front of the 61.8% retracement of the bounce from 67.63 to 68.64 and gave me a chance to get filled. In this case, that 61.8% retracement level is 68.01. My order was filled at 8:19 AM PST. The worst that my position went against me was 67.92, which is a floating loss of $120 per contract. The yellow arrow in the graph below is where I bought CL today. See second graph. CL then rose into the White House Press Conference at 11 AM PST. President Trump announced his decision to withdraw from the 2015 Iran nuclear deal and reimpose “the highest level of economic sanctions” against Iran. Presently, CL is trading at 70.55. I have a floating profit of $2,510 per contract. CL 5-8-2018 Minuette Wave 1 and 2.png CL 5-8-2018 Minuette Wave 3 Trade Setup.png
     
    #56     May 8, 2018
  7. Long CL @ 70.50.
     
    #57     May 11, 2018
  8. Trades for the Week Ending 5/11/2018

    upload_2018-5-11_16-36-11.png
     
    #58     May 11, 2018
  9. Today, after not seeing an a-b-c flat form, more specifically, what I thought to be sub-sub-minuette wave b rise back to the previous high of 71.89 (re-labeled sub-sub-minuette wave x), I had to re-evaluate. Below is what I believe the current wave count is. This is premised upon 70.40 not being broken. I believe that the move from 68.35 to 70.40 was sub-minuette wave 1, from 70.40 to 68.76 is sub-minuette wave 2, and from 68.76 to 71.89 is sub-minuette wave 3. See first graph. Since sub-minuette wave 3 was not extended, more specifically, sub-minuette wave 3 was > 138.2%, but less than 161.8%, sub-minuette wave 5 will be extended. If 70.40 is broken, then CL is correcting the move from 67.63 to 71.89. However, I believe that the probability of that happening is low because upon examining sub-minuette wave 4, sub-sub-minuette wave 3 has already extended, and sub-sub-minuette wave 5 has already surpassed the 61.8% of the wavelength of sub-sub-minuette wave 1 to 3. See second graph. The yellow arrow is where I got in. CL 5-11-2018 Sub-Minuette Wave 3 and 4.png CL 5-11-2018 Sub-Minuette Wave 4.png
     
    #59     May 11, 2018
  10. Out CL @ 70.74. Profit = $2,700 per contract.
     
    #60     May 14, 2018
    pushpop and Zodiac4u like this.
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