Yes, but he has to short or buy the 1-2 min reversal signals at the end of the 8-9% move, if he wants to follow Spanish' instructions. Good weekend everybody!
C'mon , I know that. I was referring to Mfbreakout, if he, I guess he, wants to test Spanish' only way of cl trading . Anyway, mfb, to understand the context, read Spanish89 answer to me in my thread. Now really have a great weekend.
Nice scalp, DC . Re: trade management, Picaso, i'm working on it! It's very simple, nothing mind blowing and probably been discussed on the forum somewhere, I'm sure. I'm just looking at risk reward, how it would affect the way i trade etc Give me a nudge on Monday .
CL 12-11 Sell 1 88.16 10/21/2011 10:50:56 AM CL 12-11 Sell 1 87.56 10/21/2011 1:14:04 PM orders to buy-to-cover: Buy 1 @ 87.37 Buy 1 @ 87.01
Day end Summary for: Friday, 21 Oct 2011---------- (This is a paper account started with $20,000 on Monday Sep 26, 2011. I follow the margin rules for IB.I try to post my trades in advance when possible and with graphs. I am not reading the thread so if you wish to contact me please do so by PM.) CL 12-11 Sell 1 88.16 10/21/2011 10:50:56 AM CL 12-11 Sell 1 87.56 10/21/2011 1:14:04 PM CL 12-11 Buy 1 87.37 10/21/2011 2:45:15 PM CL 12-11 Buy 1 87.64 10/21/2011 2:53:59 PM 88.16-87.37=0.79 = $790 87.56-87.64=-0.08 = -$80 net = +$710 Opening Cash Balance today $8,170 Change in Cash = +$710 Closing Cash Balance = $8,880 Holding 1 short contracts: 1 Dec at 86.81 @ 13:10 Friday, October 14 Closing Price = 87.71 Open Equity= -0.90 * 1,000 = -$900 Open Equity = -$900 Closing Cash Balance = $8,880 Net Equity= $7,980 ---Weekly Summary--- Initial Balance $20,000 End of week: 1=$29,190 30 Sept 2=$20,880 07 Oct 3=$11,080 14 Oct 4=$7,980 21 Oct
Well i never interacted with her and do not know who she is except she used to be active in the forum etc.. so i missed the joke. I new 95% winning rate is for humor but the whole thing (lol). Thanks for clarifying though.