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enochbenjamin

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Posts posted by enochbenjamin

  3. Posted

    Your CVD line from XStudy was showing the correct information at the time........

     

    Thanks so much. I have been looking CVD for a couple of months but it was not until your post that I figured out how to use it. You have really helped me stay OUT of some CL trades the past couple of days as CVD kept making new highs at resistance levels.

     

    Too bad I hesitated on that 9950 trade - it turned out to be a pretty good deal.

  6. Posted

    Like I posted before, trending days are not for me. A few reasonable trades on the other futures saved me from annihilation.

     

    Amen! I hate trending days - give me a range bound market any day! lost -250 in Oil and had to switch over to ES to make some money.

     

    +287.50 for the day

  9. Posted

    sure corn price will not go to zero,

    but an account balance can.

     

    The math is easy to determine how low you can go. Buy now and double up every 50 cents it goes down. 2001 was the last time corn traded below $2. If you can afford a $2 drop in corn then the math says you can't lose buying corn and by doubling your position every 50 cent decline you will be profitable even if prices do not recover to current levels.

  13. Posted

    I guess it's all in how you view things, but I trade oil straight through till 230pm EST. For my trading, I don't see a 'lunch' often in oil.

     

    Maybe I have rationalized this lunch chope zone thing since looking at my stats my bigest and almost all of my losing trades happen between 10:30 - 12:00 CST.

     

    If you and others are making money during those times I must assume that its a mental issue with me.

  14. Posted

    And only 11 trades?!

     

    :)

     

    ;)

     

    (Actually 12 - I just made a late afternoon trade is ES +75)

     

    My numbers are lower than I like (I prefer to be on the other side of 500) but I am back to profitable with only one losing day (small) this week.

     

    Thanks to all in this thread for keeping me honest!

  24. Posted

    EJ - do you have an EL code you can post for the vwap bands?

     

    Unfortunately i do not. I discovered VWAP here in the Jperl threads. You might find code over there.

     

    i use x_trader and vwap is a standard feature. please note that all vwaps are not created equal. I have tried it in several software apps and found only three to be accurate: X_trader, Ensign Windows and Investor R/T.

     

    To be 100% honest I do not really understand how SD works - all I know is that after observing it for over a year price rarely goes much further than the 2nd SD. Since trading is a probabilities game knowing that the 2nd SD is a price extreme gives me a little edge. Add a significant resistance level and vavoom! (felix the cat)

     

    Now if I could only be so disciplined to only take those high probability trades :doh:

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