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CL Light Crude Analysis TPO/MP/VWAP/VPOC


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CL Light Crude Analysis TPO/MP/VWAP/VPOC

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  #1101 (permalink)
 greenr 
london/england
 
Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
Broker: CQG, AMP, VK, Kinetick
Trading: CL/6E/TF/ES
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Just took a beautiful mean revrsion here

Took 2 off at Vwap and going to target other side of value now




" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #1102 (permalink)
 
Tiger45's Avatar
 Tiger45 
San Diego, CA, USA
 
Experience: Intermediate
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Trading: CL, ES
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Thanks for your input. Stops have always been a problem with me. I guess I'm trying to keep them as small as possible instead of putting them in the logical spot. I'm OK with being wrong, but patience, I think, is a problem. I tend to trail my stop up as price moves in my favor. Need to rethink that.


GaryD View Post
Forget about TPO, POC, trend, risk/reward for a moment.

What feels comfortable to you? If keeping your stop out and being wrong is something you are not comfortable with, try to figure out why. Is that particular fear, in that particular situation, valid or not? Conducive to you moving forward, or not?

Here is an example; Today I was comfortable to take heat early, but have givne back profits so many times over my history that I start valuing opportunites less as the day goes forward. I may take a 30 tick emergency stop on one trade, but then not be willing to take less than breakeven later. Not that it is the best thing, but for me to survive, I had to learn that I was making money and then giving it back, over and over, and had to develop some memory or system or defense to stop doing it.

I KNOW, not guess, or backtested, or bought some training, or read in some book... certain things about myself and what I see and interpret compared to what actually occurs in the market, and certain things about how I respond to various situations. Today, I was trading in my own comfort zone. I am ok with having a wide stop at the beginning of the day, if the trade makes sense to me. But if it starts to not make sense to me, all of a sudden that R:R is out the window and I might close the trade. Right or wrong? I don't care anymore. What is important to me is that I am listening, observing the outcome, trying to digest, and coming back tomorrow with maybe one drop more understanding than I had the day prior, or year prior, or whatever time it takes to grasp that particular lesson.

Patience, persistance, stay safe.


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  #1103 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011



greenr View Post
Just took a beautiful mean revrsion here

Took 2 off at Vwap and going to target other side of value now

You are killing it today.




You have me wanting to learn what a mean reversion is... lol!!

Mean, grrrrr!

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  #1104 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


Tiger45 View Post
Thanks for your input. Stops have always been a problem with me. I guess I'm trying to keep them as small as possible instead of putting them in the logical spot. I'm OK with being wrong, but patience, I think, is a problem. I tend to trail my stop up as price moves in my favor. Need to rethink that.


Trading is an adventure in rethinking.

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  #1105 (permalink)
 greenr 
london/england
 
Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
Broker: CQG, AMP, VK, Kinetick
Trading: CL/6E/TF/ES
Posts: 952 since Sep 2011
Thanks Given: 562
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GaryD View Post
You are killing it today.


Yes today has gone very well

I had a bit of a mental battle yesterday so nice when things go smooth

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #1106 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


greenr View Post
Yes today has gone very well

I had a bit of a mental battle yesterday so nice when things go smooth


I find that all my battles are mental. You are kicking butt.

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  #1107 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

I thought the way Bruce Banner became the Hulk was through Mean Reversion...

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  #1108 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


Tiger45 View Post
Thanks for your input. Stops have always been a problem with me. I guess I'm trying to keep them as small as possible instead of putting them in the logical spot. I'm OK with being wrong, but patience, I think, is a problem. I tend to trail my stop up as price moves in my favor. Need to rethink that.


Daily Reflections By Peter Ragnar

"I am my own inner voice which always gives me correct answers when I'm faced with indecision."

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  #1109 (permalink)
 
Brutus's Avatar
 Brutus 
Adelaide Australia
 
Experience: None
Platform: NT
Trading: ES CL
Posts: 99 since Jun 2010
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greenr View Post
Yes today has gone very well

I had a bit of a mental battle yesterday so nice when things go smooth

Well done, nice trading.

Looks like another balanced profile today

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  #1110 (permalink)
 
Big Mike's Avatar
 Big Mike 
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