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"Just Oil"

Chikot
Oct 12 2011 at 14:35
2299 posts
It looks like I need to look at trading at this time with different perspective.
Most importantly not to rush and wait despite small window I have.
Need 1-2 weeks of good trading to move back to live. The trading is obviously different form earlier hours.

Chikot
Oct 12 2011 at 14:38
2299 posts
The most important is to take pips quickly. Profit might dissapear in a second at this time so looking for big pips at this time with my style is not worth it. Had trades of 20-30 pips in my favor go into BE or loss within few seconds or 1-2 min. so, took this into consideration and stopped looking for too many pips per one trade. Take whatever present itself withing reasonable limits of course and have daily goal. 30-40 pips.
Met these goal for 2 days so far. a2 weeks with such results might signal that i am ready to go back to live.

The most important is to be calm, wait and not to worry about having only 3 hours of trading.

Chikot
Oct 12 2011 at 15:01
2299 posts
Current price action after I closed my 2 long trades is a proof. had I waited a bit longer for more pips I would have been murdered. it is 100 pips up and then down within few minutes.

Chikot
Oct 12 2011 at 15:04
2299 posts
I always want more pips and it often becomes my undoing. I think that if to take good trade after London lunch but before New York open it is reasonable to look for more pips but this time most of the time it is just pretty hard with small stops as volatility is out of this world.

Chikot
Oct 12 2011 at 15:07
2299 posts
damn, I feel good. I have to admit I felt myself horrible after having that DD. I did not ruin account or anything but I did not expect this to happen again. 10% DD for me is a shocker always as I tend to stop trading after losing 10% of my original balance.
I feel like I am starting to find ground.
Knock the wood...2 days I traded very well. focus, patience, no hesitation and take profits unlike last week when I let profits slip through my fingers and turn BE or losers.

Chikot
Oct 12 2011 at 15:09
2299 posts
will post how this week will end and if this and next will be good I will be back to live.
Brain needs time to adjust to new conditions. it takes some time as I cannot code and back test so, I need to observe and learn from my own experience.

Chikot
Oct 14 2011 at 08:51
2299 posts
week has been up but cannot say I am willing to move and trade live during New York time. However, I decided to stop trading New York time and try and adjust to trade only during 3 hours London 3:00-6:00 a.m. EST cause London is what I have always traded since the very beginning. Results are much more consistent and had I only traded London this week week would have been much better. There is risk to get stuck in trades before I am leaving but still it is better than to get into this New York whip saw.
I will not be able to trade London time for 2 weeks and then will resume trading during London only. 1-2 weeks of positive results and I will be ready to go live.

Chikot
Oct 14 2011 at 09:02
2299 posts
3 hours is not enough but it is all I have till spring of 2012 when i will get my old schedule back and will then start looking for work to make my schedule to trade London till Nymex open permanent.

Chikot
Oct 18 2011 at 21:57
2299 posts
I will resume live trading on November 1. London open till 6;00 a.m. Since May 1, 2012 I will be back to my usual schedule most probably. Will try to make the best from currently available schedule.

Steve Walker
walker36
Oct 24 2011 at 16:26
1341 posts
waiting for good results😉

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