Pinkmans' technical analysis journal

Discussion in 'Journals' started by pinkman, Aug 17, 2013.

  1. trying a long on CL here at 109.44
    stop at 109.00

    Pullback in a very strong uptrend.
     
    #41     Aug 28, 2013
  2. here
     
    #42     Aug 28, 2013
  3. moving 1 contract to lock in +20 ticks

    edit: moving the other stop up to similar area, so can't lose on this trade now
     
    #43     Aug 28, 2013
  4. looking OK
     
    #44     Aug 28, 2013
  5. All out here at 110.13 for +50 ticks!#

    +$1400

    Made back a fair few losses on that one.
    Sometimes TA works. Sometimes it really really don't!
     
    #45     Aug 28, 2013
  6. That trade was meant to read +70 ticks!
     
    #46     Aug 28, 2013
  7. I hope there is more behind your signal than buying a "pullback in a very strong uptrend"

    that's not an edge
     
    #47     Aug 28, 2013
  8. It worked, didn't it? ;)

    Nobody has a genuine 'edge' in the retail world. We don't have access to the relevant information.
    We're all looking at the same charts.
     
    #48     Aug 28, 2013
  9. also...you should try and hold a small portion of any longs on oil as long as you can until this Syria thing plays out...there "should" be a war bounce..should being the operative word
     
    #49     Aug 28, 2013
  10. I have several edges but unfortunately you and I think differently....you get all of your information on how to trade from reading boards like EliteTrader, reading books, listening to other failed traders


    me..on the other hand, I only come here to fuck around....I think outside the box...I'm the person that turns the cup upside down if everyone else is drinking rightside up
     
    #50     Aug 28, 2013