CURRENT TIME IS: SEP 6TH 20:56:53 (Eastern Time)
ENTERED: SHORT / 1 CONTRACT / CRUDE OIL CLZ23 AT 80.52
TARGET: 79.6
STOP : 80.93

Unless Israle-Palestine conflict escalates, IMO everything seems to suggest oil should be going down.

futurestradamus 

CURRENT TIME IS: SEP 6TH 20:56:53 (Eastern Time) ENTERED: SHORT / 1 CONTRACT / CRUDE OIL CLZ23 AT 80.52 TARGET: 79.6 STOP : 80.93 Unless Israle-Palestine conflict escalates, IMO everything seems to suggest oil should be going down.

CURRENT TIME IS: 7th Nov 01:41:39

CLZ23 just cut 80.00, about +50 ticks so far

CHANGING TARGET to 79.22

CHANGING STOP to 80.12

futurestradamus 

CURRENT TIME IS: SEP 6TH 20:56:53 (Eastern Time) ENTERED: SHORT / 1 CONTRACT / CRUDE OIL CLZ23 AT 80.52 TARGET: 79.6 STOP : 80.93 Unless Israle-Palestine conflict escalates, IMO everything seems to suggest oil should be going down.

futurestradamus 

CURRENT TIME IS: 7th Nov 01:41:39 CLZ23 just cut 80.00, about +50 ticks so far CHANGING TARGET to 79.22 CHANGING STOP to 80.12

CURRENT TIME: 7th Sept 02:47:55 (Eastern Time)

EXITED: SHORT @ 79.89, +63 ticks, $10 per tick, $630 before fees and taxes

HIGHEST PRICE DURING TRADE: 80.68, -16 ticks

TRADE TIME ROUGHLY: 6 hours.

I exited because I think it might bounce back to 80.50+ before going down further.

I think I am done for today, might make another trade but I'm not sure.

Sorry guys, I have mistakenly wrote Sep instead of Nov for the dates.

Yesterday I made a big mistake, if I left my position shorting oil, it would have been another 300 ticks plus so about +$3000 more.

I wrote myself that "except Israel-Palestine conflict escalates, everything suggested that oil should be going down" and indeed it did.

Stupid mistake, gonna take a day off.

So far I've posted 3 trades on this forum, all 3 trades finished with a profit. Any kind of feedback, suggestions or questions would be cool.

futurestradamus 

Sorry guys, I have mistakenly wrote Sep instead of Nov for the dates. Yesterday I made a big mistake, if I left my position shorting oil, it would have been another 300 ticks plus so about +$3000 more. I wrote myself that "except Israel-Palestine conflict escalates, everything suggested that oil should be going down" and indeed it did. Stupid mistake, gonna take a day off. So far I've posted 3 trades on this forum, all 3 trades finished with a profit. Any kind of feedback, suggestions or questions would be cool.

What setups do you use to initiate a position

Sent using the NexusFi mobile app

KOTN 

What setups do you use to initiate a position Sent using the NexusFi mobile app

It's illegal where I live to use foreign 3rd party programs like NinjaTrader to trade futures. So I don't have any setups for that.

I only look at candlebar charts, 1 day, 15 min, 5min, 1 min + news.

I do take in consideration of what's happening on the news before entering so I'm probably not 100% technical.

futurestradamus 

Sorry guys, I have mistakenly wrote Sep instead of Nov for the dates. Yesterday I made a big mistake, if I left my position shorting oil, it would have been another 300 ticks plus so about +$3000 more. I wrote myself that "except Israel-Palestine conflict escalates, everything suggested that oil should be going down" and indeed it did. Stupid mistake, gonna take a day off. So far I've posted 3 trades on this forum, all 3 trades finished with a profit. Any kind of feedback, suggestions or questions would be cool.

One suggestion: Thinking in that way is insane for your trading and your health. You have won money but you think you have lost it. It doesn't make too much sense. Enjoy what you do, nothing more. I don't think you have a crystal ball to know what the market will do. Thinking in that way can bring you to a position in futures trades where you will maintain a position based in...hey I know you will do it, let's keep it. Maybe you need to have objective rules to take out profits, more than...I think

Take my comment as positive feedback, you are doing great. Enjoy it!!!

Kaimu 

One suggestion: Thinking in that way is insane for your trading and your health. You have won money but you think you have lost it. It doesn't make too much sense. Enjoy what you do, nothing more. I don't think you have a crystal ball to know what the market will do. Thinking in that way can bring you to a position in futures trades where you will maintain a position based in...hey I know you will do it, let's keep it. Maybe you need to have objective rules to take out profits, more than...I think Take my comment as positive feedback, you are doing great. Enjoy it!!!

Appreciate your feedback, you are definitely right and I agree.

It's just, you know, when it comes to trading with futures, you know what's right but it's really hard to do it, even after all the hard lessons.

Happy trading!

CURRENT TIME IS: 8th Nov 04:29:40

ENTERED: LONG / 1 CONTRACT / CRUDE OIL CLZ23 @ 77.29

TARGET: 77.98

STOP: 76.42

I still think the big direction for CLZ is downwards, but I am getting the feeling today it's about time for oil to bounce upwards a little bit, before going down further.

futurestradamus 

CURRENT TIME IS: 8th Nov 04:29:40 ENTERED: LONG / 1 CONTRACT / CRUDE OIL CLZ23 @ 77.29 TARGET: 77.98 STOP: 76.42 I still think the big direction for CLZ is downwards, but I am getting the feeling today it's about time for oil to bounce upwards a little bit, before going down further.

CURRENT TIME IS: 8th Nov 07:18:45

STOPPED AT 76.42, -87 ticks, $10 / tick, -$870 before fees and taxes.