I had closed my journal last journal in July, as I felt it had served its purpose.
This new journal is based on something I have been working on, and I dont know how long it will last.
Its a CL trades on a 800 tick chart, and I have been testing it for a while. I hope to get some ideas from fellow futures.io (formerly BMT)'ers because I beleive this approach has some merit.
Reletively easy to explain. 800 tick chart, no trades prior to 9:00 and none after 2:30.
Entries based on 4 criteria.
Trades with trend.
Trade reversals.
Trend Continuation.
Countertrend.
Lines are for support and resistance as well as trend channels. EMA 21 for indicator.
Trades are taken based on price reponse near areas of support and resistnace and trend channel.
Between 5 to 10 key entry points a day.
15-20 tick stop. target 15 to 30, with a runner. Runner targets based on measured moves and previous areas of support and resistance.
No news consideration, except for weekly DOE report.
Blue circles. Longs, Red Circles, Shorts. Green Circles. Questionable trade.