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I decided I needed to start a journal for my trades so I keep track of my trading. For now I'm only trading CL and I use CQG.
My trading strategy is mostly a simple pullback strategy with some other tricks I've learn over the years. My focus starting today is to only execute trades when I feel they are a good risk/reward ratio.
For my charts I look at 5min charts for trade entry / exit and higher time frames for trend, such as 15m, 30m, and daily.
My charts typically just have 9ema / 30wei and volume, but sometimes I add Ichimoku and my own custom indicators.
I got the idea from trading-naked and Mike Bruns but my rules can be slightly different.
Can you help answer these questions from other members on NexusFi?
Welp I was hoping this day wouldn't come but I went off my trading plan and paid the price for it. I felt really bullish on CL this morning due to a few factors and went long shortly after 8 only to get stopped out so i went short got stopped out then went long again and got stopped out.
Not my worst trading day ever but really upset that I went against my plan. Hopefully I learned a good lesson at least.
There was plenty of money to be made today with pullbacks. Actually count wise this is the most pullbacks I've seen in awhile. See pic below with circles around trades that would've qualified in my plan.
12:00 B 49.34
12:09 S 49.37 -- Chickened out on this one and lowered my profit target. Which was a mistake but at least i walked away with some profit.
The circles in red are the trades I took. I don't trade the crude report because i've been burned too many times but today would've been a good day. You can see the setup in the blue circle.