[enochbenjamin]

Thanks for the encouraging comments.

[bathrobe]

Well, my first day trading a smaller account and I seemed to have forgotten all my rules and traded like a complete novice. Not to mention watching two perfect oil trades go by and 2 es trades. I am quitting early today to regroup and refocus. I may spend the entire afternoon jogging so I will have no trouble getting a good nights sleep. At least I ended the day up.

[thalestrader]

Originally Posted by brownsfan019 »

... the last week or so I've just been focusing on the CL to trade. The moves and profit potential is unmatched for me and my trading, so all effort is now being directed there. ... for now, I'm just trading the CL.

Brownie, what have you started?! I read your post the other day, and thought I'd check out the action on crude. I have since decided that when my daughter starts trading her futures account this coming summer, she will trade currencies and crude, not the ES.

I've been doing some demo trades myself. Like I said to Dinero in another thread a few weeks ago, Crude is a very well-behaved market right now.

So here is my demo blotter - repeat, demo - I did not trade these with live money. Currencies and stocks are enough for me to handle. I'm treating crude as a sort of video game to play with. What liked the best is that my average trade time was 21 minutes. Anything I can make book on with such limited exposure gets my attention.

Best Wishes,

Thales

[Dinerotrader]

Originally Posted by thalestrader »

Brownie, what have you started?! I read your post the other day, and thought I'd check out the action on crude. I have since decided that when my daughter starts trading her futures account this coming summer, she will trade currencies and crude, not the ES.

I've been doing some demo trades myself. Like I said to Dinero in another thread a few weeks ago, Crude is a very well-behaved market right now.

So here is my demo blotter - repeat, demo - I did not trade these with live money. Currencies and stocks are enough for me to handle. I'm treating crude as a sort of video game to play with. What liked the best is that my average trade time was 21 minutes. Anything I can make book on with such limited exposure gets my attention.

Best Wishes,

Thales

Welcome to the oil family Thales. It seems like before BF started posting about oil I never really heard much discussion about it on the forum but it seems to have seduced many. Of course, you are no stranger to crude. I know you posted about having very long term positions on oil as it came down from its highs.

[enochbenjamin]

Speaking of oil....

My trend is a bit disturbing. Down $1700 today before making a few great trades to make it respectable. What's really bothersome is that each day for the past 4 or 5 sessions I've done a single trade that nets over 1k. Problem is I am not managing my money very well. I know what needs to be done and it will be fixed.



I promise everyone on this thread I will have less than 15 trades tomorrow. Aiming for 6 or less actually.

[enochbenjamin]

I hope its ok to post a chart here. I may be doing this for my own benefit, but who knows, maybe it will help someone else.



Based on my strategy (shooting stars & tweezers at resistance levels) there were 2 excellent trading opportunities. Tomorrow I will ONLY be taking trades at the 2nd SD.

[method]

[brownsfan019]

Thales - I think you will like oil, at least in it's current shape and form. As I've posted all along, I watch quite a few markets and as you saw, it's hard to beat the action in oil right now. Typically find out fairly quickly if you are right or wrong. There's plenty of liquidity and mainly trades from 9am-230pm EST. So I can have a shorter day, while having more opportunities than the indexes or currencies.