edabreu

Decent day on the CL

Great first days trading. I will take this as a sign....

This little setup is based on range bars. Depending on the instrument, set the range to something that is within your risk tolerance. I use 7R on the CL, and 5R or 6R on the ES, and 7R on the TF and YM. Think in terms of a price bracket, and what you are looking for is a slammed door on a price bracket run. So look for a series of top closes (range bars can only close at one end of the range or the other), and then a hard bottom close (adjust for shorts). Remember - only at key S&R, never in middle space. You can use a trading band like a keltner set to about 4.5 deviation. Merry Christmas, and good luck in 2010.

Traded with a buddy today. Sometimes everything just works to first target, but getting a decent runner without risk (turning a winner into a loser) is tough on the CL.

It is the same as a HMA - hull moving average except it colors the change in rising or lowering average. This particular trade was based on the 15m price action at support and the entry on a 6range chart price pattern. It was a 1:1 r/r, and I actually got a little bit better than that.

Figures it would be 13 today, Friday, on QW day. Sometimes it almost seems mystical...:missy:

The 'friends and family" concept is accomplished by a CPO - commodities pool operator - who has requested exemption status from the NFA. The vehicle is a LLC and no further reporting is required (except to the LLC members). Not even the broker need be involved. The trading account is set up in the name of the CP LLC with all members listed. The limit is 14 and under $2mil. Beyond that is the full CPO with accounting to regulatory agencies. However, and you may want to be careful right now about using this forum in public to discuss this. Solitciting is a fine line. You cannot solicit money from anyone for the purpose of managing money or for trading for someone else. You may have crossed the line already and the CBOT and NFA are getting paranoid and are starting to clamp down. So, I recommend you take this entire string off the forum and pursue this privately. It would be a shame of TL got tagged as a solicitor or associated with non-authorized persons soliciting monies.

QW day tomorrow, should be interesting

That is a good question for another forum...probably been answered about 1000 times.

ITs almost over for this year. Next year promises to be very interesting. I have been working on some kind of auto trader for Ninja to just get me into the trade if my rules were met. Something simple, like where is price, where is S&R, where was price before reaching S&R, and if from below, sell it, if from above buy it but only if volume was greater than last time it was here or greater than 2 periods ago....hmm....simple enough?

Left a bit on the table, but the TOD had passed so I took the ruled exit. Guess the mrkt doesn't give a sh*t about my plan ... :haha:

Its thinning out. Couldn;t get any tighter ...

solitary preditor kills in one leap.... so to speak. You need to have fun with it, otherwise it can get hard ....

Took a long look at the ES 15m with just the FTP and MP VA's...and Paul Fribush sent this over - "nice trade today sold 1102 covered at 1096.50" I think he was teasing me.... Happy Holidays everyone.

Whew!!! Great trade..... repeat. repeat..repeat...

Yes, that's correct. Each trader needs to find out what works for them. And most importantly, what they can do successfully on a consistent basis. BTW, during thankgiving time - I got a single CL trade of 1.02 on 2c.... but that doesn't happen for me every day. So, while I wait for those bigger one's that fit into my trading method, I just scalp my way along.

Done pretty early with the good CL trade, and took a little heat as the ES got bogged into a range. Finally gave up and just took what was available.

Used 30/60m chart for a MB CT trade on CL and got the ES for some good points on the breakout to the upside.

I used the 30m chart for a ct trade setup near 75.60's which I entered with 2c. I added 2 @ 75.77 and rode it up to 76.49 and 76.69 all in all out. I also added again at 76.26, and 75.97 and took those off at 76.44. I did take about $500 worth of heat on those trades, but the setup never stopped me out. I had a couple of other smaller CL trades for +15, +7 and one stop out for -13 on 2c. before the ct setup finally arrived. The ES was a long 1104.50 with 1 off at 1108.50 and runner out stopped out at 1107.25. The YM trades were 10436 to 10431, and 10443 to 10451 and then of course it took off after I bailed...took a little heat on these too. I had no TF trades - it was a jumble so I just ignored it.

A great way to journal your progress is to also journal the success rate of your strategies and trade setups, and even the time of day that you trade so you can recognize any patterns that may have an impact on when you trade a strategy. A great journal, very inexpensive, is here: Your Trading Journal - it is very robust so you can detail almost every aspect of your approach - including your developing (or deteriorating) mental state.

I am beginning to really hate the 'new' ES. Today was the first decent ES trade I have had in a long while. The CL & TF have been working well, and I may be dropping or at least not trading (just looking which seems to be what I have been doing anyways since you can't trade that thing with all those autobots and) the ES and may add another quick trending instrument. Beans?

Glad I got it done before the zombie market set in...

My standard ouch day comes about once every month and a half......market caught me off guard and out of sync...

Another day with the CL being the only thing really moving. The ES was horrible, and the TF was not much better.

Small consistent gains while waiting to catch a runner....