Day Trading Crude without indicators.

Discussion in 'Journals' started by mfbreakout, Jan 28, 2012.

  1. Chartsky

    Chartsky

    OK. Thanks.

    CL has changed a lot since Fisher's book came out in 2002 or so. Actually it's changed a lot since 2007.

    I guess I need a longer OR then.

    I think some losing trades, or rather the thought-process behind them like the profitable ones, would be a benefit . . . but it's your Journal.

    I was actually surprised Globex high was taken out on volume that came out of nowhere. Thankfully, the move was so clear it was easy to take my lumps (also 15-ticks) and reverse.

    Thanks again . . .
     
    #381     Feb 21, 2012
  2. Weekly long term chart of crude oil showing how price has moved from one balance area to the next. it's good to look at path traveled in the past.
     
    #382     Feb 21, 2012
  3. Crude oil- monthly balance area
     
    #383     Feb 21, 2012
  4. I have received lot of questions about support and resistance. I subscribe to multiple subscription services.

    Attached sheet from Global trader www.gr12.com is my favorite and the only one i pay attention to.

    My friend who introduced me to Crude Oil futures trading and different aspects of trading in terms of execution does not use any subscription service and does very well and better than me. So these services are not do or die services. I just use them.

    Looking at so many levels as shown on these daily sheets can lead to ANALYSIS PARALYSIS. One has to know which one to focus on etc. When any of these levels get broken on VOLUME, i take notice.

    Thus, even if one does not have these support/resistance levels, when any a level is broken on VOLUME- that level becomes important. These sheets just make it easier for me to make and keep notes.

    I am just sharing these in response to questions I received.
     
    #384     Feb 22, 2012
  5. 02-22-2012 pre open
     
    #385     Feb 22, 2012
  6. grease short at the euro box top blowout

    s
     
    #386     Feb 22, 2012
  7. grease short exit.

    s
     
    #387     Feb 22, 2012
  8. 02-22-2012. Nothing but stop outs and scarps since OPEN for me.
    As I said, i do get stop out 3-4 times a day.

    Today is a good example.
     
    #388     Feb 22, 2012
  9. euro and ny session grease trades..........

    s
     
    #389     Feb 22, 2012
  10. Chartsky

    Chartsky

    Thanks for your charts. I'll post one of mine to show what I was thinking this morning but don't want to h-jack your Journal.
     
    #390     Feb 22, 2012