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More brilliant sim trades. Seems most of them are! Anyway, I was 6 for 8 today with two break evens. Granted, I got real good signals this morning before prices went into the chop zone. And then the higher time frame charts went into a structure I did not recognize so just decided to quit.
Then I read my friend @AJ s journal about his dad being hit by a car. That did it, I am finished for the day. Time to go home and be with family.
As to the fiber being laid to my house, I was wrong, its just to the neighborhood junction box. Still gonna have copper to the house. Oh well. Better than nothing.
Cheers.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
would a 13 tick slippage on the SL happen in Live? I was in SIM at the time. I was trying out 8r bars on CL and 2 bars happened fast, not big bars, but fast. Tape was slow up until then, happened at 6:59 PST time.
I know it is only SIM
I am with Transact, I hear that they are good. In Live, would I have a valid complaint, or is that just the way it is in CL? I had a decent profit and should have lost 2 ticks not 15 ticks. I switched back to 144t charts.
Yes, when trading CL around news, anything can happen. If you think 7am PST was bad, look at 7:30am PST when Oil Inventory Report came out and you would have experienced absolutely terrible slippage since spread was propably tens of ticks. Also, SIM does NOT reflect the same slippage what real live contracts would have got. In Ninja, I mostly get worse slippage in SIM mode than in real $$ trading.
for News of CL and 6E and 6A - specifically economic calendars - what do you suggest
1. Trader's hideout suggested Forex factory - no good for CL
2. I can not get futures.io (formerly BMT) > quick links > economic calendar to come up, but when I did, it was just a long list sorted by day and for today Oct 26, no CL reports were on futures.io (formerly BMT) economic calendar
3. there is an NT indicator, Econewsreader, but I use Sierra Chart. Some one in Trader's hideout suggested that this may run stand alone, perhaps it is an exe file.
Just check Forex Factory before trading. You can see all reports you need.
Oops! You said that it's not good for CL. Haha...
I'm not sure why it's not good and what kind of reports you are looking for. I think you are not gonna find calendar that says "buy here" Sell there".
Big Mike mentions a Wednesday CL inventory report and someone else mentions a Thursday CL report. I thought that would be the critical ones to watch for. Opps - I see it now on Forex Factory at 7:30 am PST. Yes this should be exactly what I need. I also see what Bluemele means, 7:00 PST was New Home sales in USA
I had a tough time getting internet connections this AM at starbucks. Anyway, still on sim. I traded only my set ups with no alternate entry methods and produced a net of 36 ticks on 9 trades.
I also tried lots of other "entry" ideas. All stopped out. I am sticking with the basics for now!
Hopefully I will have internet back at my place tomorrow sometime. Then back to real trading.
Until then....
Cheers
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
Another day on sim. still waiting on my internet connection to be back up. The cable company said it would be yesterday. No dice. Maybe today.
+11 ticks today after 11 trades. I also traded some time based charts and did pretty well with those. I like time based charts but often times the stop is pretty large. I worked with 5M, 1M as well as 15M and 30M charts. I traded both the 5M and 1M. These plays worked pretty well. I placed stops in the correct areas, took profit where it made sense. Easy enough trades. Emotionally though with real money this would have been really tough. I think I will practice more on the time based charts over the next few weeks after my normal trading is over if I have time.
Cheers.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris