"Just Oil"

Apr 29, 2011 at 16:28
Vistas 48,873
1,794 Replies
Miembro desde Jan 14, 2010   posts 2299
May 12, 2011 at 07:56
closed 2 trades for -24 pips each but this one I am short, I will let market decide. if I lose will stay away till market breaks out and start running.
I am trading reduced size for now. It's pity I was not watching yesterday New York full session.
Miembro desde Jan 14, 2010   posts 2299
May 12, 2011 at 08:09
stop to break even. let's see..
Miembro desde Jan 14, 2010   posts 2299
May 12, 2011 at 08:11
decided to close before yesterday's low to tarde back my losses. ok. now can start watching for another entry.
Miembro desde Jan 14, 2010   posts 2299
May 12, 2011 at 08:12
lol, it went through yesterday's low like knife through butter.
Miembro desde Jan 14, 2010   posts 2299
May 12, 2011 at 08:14
well. no hard feelings. but it is down more than $1 from my entry and I picked about 50 cents.
Miembro desde Jan 14, 2010   posts 2299
May 12, 2011 at 08:48
shorted again but closed for few pips as price started moving against me before going to previous low. will restart watching Numex session. will stop for now.
I am really tentative now as I am around 20%.
Outside the very beginning of my trading when I doubled 2 demos and almost doubled one live account in 2008 thanks to high volatility and bad risk management I have not been able to cross 20% with sound principles. It is fifth time so , I am a little bit nervous.

I see i was indeed right again but closed early.
Miembro desde Jan 14, 2010   posts 2299
May 12, 2011 at 09:39
was taking nap. just checked. It was excellent text book opportunity to short form yesterday's low 97.50. candlesticks on 5 min shouts short.
Miembro desde Jan 14, 2010   posts 2299
May 12, 2011 at 13:36
just crossed 20%
Miembro desde Jan 14, 2010   posts 2299
May 12, 2011 at 15:11
mistake.not yet.
Miembro desde Jan 14, 2010   posts 2299
May 12, 2011 at 15:41
I got an idea.I can start trading new account continuing trading as if I withdrawn those money.I madeone more tarde on this account and I am well over 20% now. older 20% account will be posted and i will continue trading new one.
Miembro desde Jan 14, 2010   posts 2299
May 12, 2011 at 22:10
Ok, I decided. Account I have been trading so far is named Oil 20% a.
I feel that I was trading differently this week. Too tentative and too much thoughts about 20% level.
I guess it was a lucky coincidence that I actually made a couple of trades on that account which is at the office.
I called this account OIL 20% b continuation and I will trade this account now until I am hopefully another around 20% up.

https://www.myfxbook.com/portfolio/oil-20-b-continuation/111698

another innective will stay there innactive until I have some other idea how to trade oil.

Miembro desde Jan 14, 2010   posts 2299
May 12, 2011 at 22:11
Account is up 4,6% this month so far and totally oil is up 20,6% so far.
Taking break till next week.
Miembro desde Jan 14, 2010   posts 2299
May 16, 2011 at 06:53
I am neutral for now.
I am thinking of entering into trades partially. Like setting small position with wider stop, then if price is doing what I lke adding to position and decreasing stoop until full size is in place and ideally stop at BE and partial profit taken.
Miembro desde Jan 14, 2010   posts 2299
May 16, 2011 at 06:54
price is moving around 99.00 and is between 2 bigger trend lines on 1h chart. upper trend line is much closer.
Miembro desde Jan 14, 2010   posts 2299
May 16, 2011 at 09:57
price is testing trend line but I gotta go. most probably no trading today
Miembro desde Jan 14, 2010   posts 2299
May 16, 2011 at 09:59
i would not say I would buy or sell but I would definitely ready to do something depending upon price action. price was doing higher lows for a couple of days
Miembro desde Jan 14, 2010   posts 2299
May 17, 2011 at 06:38
6% down. I have no idea why these 20% is so hard to break. I just stop thinking straight. after 100 break out failed I should have shorted. I did go short, but then closed it at small loss while it was a good entry and went long and took big position.
I gotta take it slowly since now on.
zzzero
forex_trader_27988
Miembro desde Jan 26, 2011   posts 1367
May 17, 2011 at 07:13
good morning chikot,

i hope that your trading is progressing well for you.

as a friend, i might suggest that you turn off the computer and spend some time with your lovely bride.

run out and find for her some pretty flowers.

not store bought flowers, pick em from the wild.

tell her that she is special.

do not talk to her about trading.

listen to her.

tell her that you love her.

take a few days off maybe.

edward/.


Miembro desde Jan 14, 2010   posts 2299
May 17, 2011 at 16:00
traded back,unfortunatelly closed tooearly . couldhave added 4-5% more. i amnot out of the woods yet.need to break clearly from 20%
Miembro desde Jan 14, 2010   posts 2299
May 17, 2011 at 23:22
Price clearly respecting trend line which is not very visible yet. but all three attempts to break below 94 ended a little bit higher. I am thinking accumulation is going on. I see there was a great long opportunity unfortunately I was not in front PC. I would go long when 97 got broken to the upside. Another attempt at 100? I think guys gonna run this bunny higher than 100. I wonder when. Having opinioons already set me back, so I 'd better watch out.
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