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The Italian Job


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The Italian Job

  #261 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
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redratsal View Post
10 reasons for not trading this method:

1) If you don’t have time to read it
2) If you don’t have time to test it
3) If you are looking for a one button mechanical system
4) If you are not patient
5) If you are looking for the holy grail
6) If you think it’s easy
7) If you are under capitalized
8) If you are not strongly convinced
9) If you think it can solve your problems
10) If you can not handle stress


added to quick summary

You might also add if you live on the EST time zone forget it, you want have enough time to recover if things go south or north too far.

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  #262 (permalink)
 
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 redratsal 
Milan (I)
 
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trendisyourfriend View Post
You might also add if you live on the EST time zone forget it, you want have enough time to recover if things go south or north too far.

Correct if you need to sleep 8 hours a day, forget it

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  #263 (permalink)
 
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 redratsal 
Milan (I)
 
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First trade of the day, CL short 4 contracts, target on HH +583$

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  #264 (permalink)
 
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 redratsal 
Milan (I)
 
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6E Short 7 contracts, stopped at break even and reversed long, target next R +844$


Original stop above main R on 60 min chart


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  #265 (permalink)
 
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 redratsal 
Milan (I)
 
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I take the opportunity to thank @dorschden for his tremendous work on price action , together with @Fat Tails and @gomi , they made my trading life easier.

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  #266 (permalink)
 
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 redratsal 
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CL long 3 contracts, original target above vwap moved and closed to vwap due crude inventories news +1037$

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  #267 (permalink)
 
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 redratsal 
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Daily Recap:


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  #268 (permalink)
 
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 redratsal 
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First trade of the day 6E long 4 contracts, target below R +882$

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  #269 (permalink)
 
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 redratsal 
Milan (I)
 
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CL short 1 contract, target Vwap +236$

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  #270 (permalink)
 
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 redratsal 
Milan (I)
 
Experience: Advanced
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CL short 3 contracts, target on TL +588$

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