CL long 1 contract, target on the 12R TL +236$

I see, thanks, are your trades automated as a 5am wait for an entry must be painful

redratsal 

Thanks, I am and my charts are central european time, if you are from UK that means one hour ahead of your time zone.

gktk 

I see, thanks, are your trades automated as a 5am wait for an entry must be painful

I don't use automation at 5am i am usually sleeping, my trading schedule starts at around 7.30am

BTW for screencast users, please see:

NexusFi site changelog and issues/problem reporting It is now possible to directly show a Screencast image on futures.io (formerly BMT) without having to click on it first to see the image URL. Just wrap the normal Screencast URL around the new BBcode tags "screencast", example: Notice …

Mike

CL long 3 contracts, target below 12R TL +447$

First trade of the day 6E long 1 contract, target below TL +295$


Reversal up bar (dodgerblue) was correctly diagnosed

Have always a look to the bigger picture for the targets; with ref to my last trade, the up leg was interrupted by the 60 min down TL

Fat Tails has developed a weekly vwap with standard deviations

Webinar: Trading the Session - Indicators Explained; Sunday July 31, 2:00 PM EST I am pleased to announce a webinar on session indicators and how to trade them for next Sunday, July 31 at 2:00 PM EST. It will not be easy to fit the subject into a single webinar, but nevertheless I will try to do it. The webinar will have two parts: …

. I think it might be me an interesting tool especially for the US section where the volatility is stronger if compared to the asian or european ones. As the method is based on pullbacks I think this indicator might help identifying bigger levels by correlating different sections in relation to the vwap. I don't know if the weekly vwap is an industry standard where big players look at, nevertheless I intend to add it to my studies and see how it might impact on my trades. I invite you to follow his next webinar.

I know there is a specific section on futures.io (formerly BMT) about books , I would like to suggest one that fits pretty well to this method's philosophy: The art of contrarian trading by Carl Futia

Amazon.com: The Art of Contrarian Trading: How to Profit from Crowd Behavior in the Financial Markets (Wiley Trading) (9780470325070): Carl Futia: Books

You can search on the web Mr Futia holds some blogs as well.

I also would like to thank those 400 members that spent and hopefully will continue spending their precious time reading about the Italian Job. The thread started as a teaching contest and turned into a trading journal as well. I don't know its effect on those who are following it; although it's time consuming for myself, it's been and it is a good tracking tool for my trading.