CL Redux

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

  1. NoDoji

    NoDoji

    Friend's birthday, she wants to go hiking, so that's it for me. I made a good week's pay shorting POT off the open. :)

    First trade I was waiting for price to get to the falling 20 EMA, but it stalled and I suddenly realized it was going for a test of the low, so I jumped in late. I lost focus and missed the failed breakout signal to reverse.

    Second trade, I used the 3-min chart for early entry on a counter-trend scalp, entered based on a 1-tick failure to retest the high. I actually had a 3-tick stop from my entry price, is that silly or what?? Anyhow, it worked. Took initial profit on the TL pivot, and final profit on the lower Keltner pivot (3-min chart). 5-min chart would've kept me in a bit more.

    The upside breakout was so strong I didn't think there was a good R:R in shorting again at the falling 20 EMA (10:45am bar).

    I'm going to stop posting my live trades unless it's a longer term play or a swing trade. I'm pretty ADD as it is and really need to stay focused. I had very good focus on my second trade. +$546 for the day.

    Knock 'em dead, guys!
     
    #6381     May 3, 2010
  2. I am with you. the morning low is not token out in the drop, so the session must point toward high and higher. ya, the real time posting will distract trading, totally agree.


     
    #6382     May 3, 2010
  3. schizo

    schizo

    Short 86.79

    SL 86.89
     
    #6383     May 3, 2010
  4. schizo

    schizo

    Flip long 86.89

    SL 86.79
    PT 87.05
     
    #6384     May 3, 2010
  5. schizo

    schizo

    flip short 87.05

    SL 87.15
     
    #6385     May 3, 2010
  6. schizo

    schizo

    Stopped out.
     
    #6386     May 3, 2010
  7. schizo

    schizo

    Short again 87.05

    SL 87.16
     
    #6387     May 3, 2010
  8. Bought at 86.51 sold at 87.03, done for the day.

    By the way question guys, I am day trading the crude oil, but the stress one of this days it's going to kill me, I have very reliable methods for day trading, can someone share methods for like a 3 to 5 days position methods, including Market Profile Strategies?..

    Thanks.
     
    #6388     May 3, 2010
  9. schizo

    schizo

    Half out 86.86

    SL to b/e
     
    #6389     May 3, 2010
  10. Perhaps share your day trading strategies and then someone might oblige with position trading strategies.
     
    #6390     May 3, 2010