CL Redux

Discussion in 'Journals' started by schizo, Oct 9, 2009.

  1. BCE

    BCE

    You mean 104.66 :) For schizo's sake I hope this tanks and you can add there IV. You've done great today.
     
    #17021     Mar 8, 2011
  2. schizo

    schizo

    Out .76
     
    #17022     Mar 8, 2011
  3. schizo

    schizo

    Short again .71

    st .91
    pt 103.95
     
    #17023     Mar 8, 2011
  4. Out .74

     
    #17024     Mar 8, 2011
  5. BCE

    BCE

    Oh, well. Got some of it anyway. I should have gone long on that bounce out of 104.45. CSW. :)
     
    #17025     Mar 8, 2011
  6. Short 104.85

    Edit: so many wanted to be on short side , big boys may pull up 105.50 then short squeeze

     
    #17026     Mar 8, 2011
  7. BCE

    BCE

    Late day selloff or rally? Step right up and place your bets. :) Or step to the side. :)

    What's that you bid? 104.30. Do I hear 104 even? :)
     
    #17027     Mar 8, 2011
  8. BCE

    BCE

    It's trickier at the end of the day. That's why I stepped aside. :) Hope it tanks for you guys. BBIB

    Wide triangle on the 1 min.
     
    #17028     Mar 8, 2011
  9. out .79

     
    #17029     Mar 8, 2011
  10. I had 3 trades, I think my only mistake was brining down my stop on my 1st trade which was short. Once it went 15 ticks in my favor, I brought the stop down so I would at least make 5 ticks, and I got stopped out at just a small profit, then the trade went to my BE point before falling down hard.

    I then took a scalping profit later on long CL, and should have taken at least 10 ticks, but I got scared and got out sooner.

    At the same time I had an ES long position that was not moving more than .50 either direction. Now that I was profitable I brought up my stop. Amazing, the ES actually went up after stalling for awhile. My ES trade was with the bullish trend and with an indicator which I only believe works if I right about the trend.

    So now the trade was going in my favor and had broken resistance, I set my stop to BE since at this point this is my last trade, and I want to get out at a profit for the day. I was watching CNBC and it looked like my target got hit, but I missed it by .25 and it was starting to go back against me, so I set my target to .25 below what I wanted, and watched CNBC saw more, then checked and my target finally got hit. Now this is a scalping target for the ES, but I felt I went to war there and won.
     
    #17030     Mar 8, 2011