CL Redux

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

  1. schizo

    schizo

    Back in short 75.91.

    Consider it one of them "what the hell" trades. :D
     
    #8231     Jun 23, 2010
  2. cstfx

    cstfx

    closed other half 7603

    done for today
     
    #8232     Jun 23, 2010
  3. I put a line alert on CL at 76.21, and then I forgot I changed the chart to NG in order to study NG. I saw then that CL broke above 76.21, which to me makes CL more bullish, and that it had run above 76.40 before pulling back. So I bought at 76.28 and gave it around a .15 stop to give it room to breath with a scalping target of 76.38 although I thought there is no resistance at least to 76.40, and my target should easily get hit. Market did pullback below my entry price but did not hit my stop and I did not average in, and then it of course went back up to 76.40.

    Probably the only mistake I had with trading today was not letting my winner go to target on ES. I got in the trade and ES pullback right away and I got scared and only took .50 once it went back into a profit. The only way I think I can avoid this issue, is either prick a price I want to get into the trade either above or below the current market price rather than going in on market. I been going in market since I don't want to be left behind once I predict what I think the market will do, but I think I will take less heat in the future if I do it better.
     
    #8233     Jun 23, 2010
  4. trying a short 76.40, stop 76.53
     
    #8234     Jun 23, 2010
  5. build in crude, oil goes up?
     
    #8235     Jun 23, 2010
  6. Crude is like gold, it has more value based on how strong currency is and what is happening with interest rates and overall world growth. Also, TA is important.

     
    #8236     Jun 23, 2010
  7. schizo

    schizo

    Added 76.54

    Stop for the entire package at 77.21
     
    #8237     Jun 23, 2010
  8. EON Kid

    EON Kid

    good short, but FOMC 2:15
     
    #8238     Jun 23, 2010
  9. EON Kid

    EON Kid

    short 7677 stop 7684


    stop to 7680 b4 FOMC, burn Ben burn...



    Exit when ES makes a new low :eek:
     
    #8239     Jun 23, 2010
  10. EON Kid

    EON Kid



    Exit 1/2 7630 stop BE
     
    #8240     Jun 23, 2010