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THREE SET UPS


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THREE SET UPS

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  #351 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
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Broker: Zen-Fire
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3 Inside Bar trades, ie

1. Long +$120
2. Long - $280 (7-tick slippage!!)
3. Long +120

-$40 before commission .. should be +$30 without slippage LOL! Well, slippage is part of the game .. ..

Funny that NJ does not cancel the Sell Stop order when Long Stop was executed. It did mostly Mon and occasionally Tue. Today, it's on strike. I need to resolve it else I have to cancel the pending order manually + resetting both strategies every time else one of them does not run .. sigh ..

Beth

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  #352 (permalink)
 
cunparis's Avatar
 cunparis 
Paris, France
 
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wgreenie View Post
3 Inside Bar trades, ie

1. Long +$120
2. Long - $280 (7-tick slippage!!)
3. Long +120

-$40 before commission .. should be +$30 without slippage LOL! Well, slippage is part of the game .. ..

Funny that NJ does not cancel the Sell Stop order when Long Stop was executed. It did mostly Mon and occasionally Tue. Today, it's on strike. I need to resolve it else I have to cancel the pending order manually + resetting both strategies every time else one of them does not run .. sigh ..

Beth

You got 7 tick slippage cause you were trading at news time. 10:30 is the crude inventory. I've gotten 30 tick slippage on simulator trading at that time. This is one of the golden rules - do not trade around news.

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  #353 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: 6E
Posts: 1,778 since Dec 2009
Thanks Given: 1,258
Thanks Received: 1,203



cunparis View Post
You got 7 tick slippage cause you were trading at news time. 10:30 is the crude inventory. I've gotten 30 tick slippage on simulator trading at that time. This is one of the golden rules - do not trade around news.

Thanks Cunparis. This golden rule has been documented now. Huge slippage will not happen again.

Oh, should one follow the same rule when we have the Natural Gas report on Thu 10:30 am, ie no CL trading until its release too? Appreciate your tips. Thank you.

Beth

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  #354 (permalink)
 
cunparis's Avatar
 cunparis 
Paris, France
 
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wgreenie View Post
Thanks Cunparis. This golden rule has been documented now. Huge slippage will not happen again.

Oh, should one follow the same rule when we have the Natural Gas report on Thu 10:30 am, ie no CL trading until its release too? Appreciate your tips. Thank you.

Beth

It'd be better if you answered that one yourself by studying the crude chart over the past few months on thursdays for the gas report. Until recently I haven't traded crude since January so I'm not sure but when in doubt sit out. Also sometimes the gas report isn't always on thursday, around holidays it can change days and/or times. Same for crude news, which is why it's so hard to backtest it.

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  #355 (permalink)
 
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 Jeff Castille 
Northern California
 
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wgreenie View Post
Thanks Cunparis. This golden rule has been documented now. Huge slippage will not happen again.

Oh, should one follow the same rule when we have the Natural Gas report on Thu 10:30 am, ie no CL trading until its release too? Appreciate your tips. Thank you.

Beth

I believe that the most important thing in trading is knowing WHEN to trade.

Please review posts #7,#33,#36,#41 !!!!!

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  #356 (permalink)
 
Jeff Castille's Avatar
 Jeff Castille 
Northern California
 
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cunparis View Post
How'd you all do today? Another tricky day.

I got +1 and +6.


Hey C,

Not so tricky for me as I don't trade before the inventory report is released. I did take the long trade at 8:16 PST and it went off without a hitch +8+16. I'm wondering how you got +6????

Jeff

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  #357 (permalink)
 
cunparis's Avatar
 cunparis 
Paris, France
 
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Jeff Castille View Post
Hey C,

Not so tricky for me as I don't trade before the inventory report is released. I did take the long trade at 8:16 PST and it went off without a hitch +8+16. I'm wondering how you got +6????

Jeff

I trailed my stop. You must have put your stop at -8 because a breakeven stop would have been triggered.

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  #358 (permalink)
 
Jeff Castille's Avatar
 Jeff Castille 
Northern California
 
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cunparis View Post
I trailed my stop. You must have put your stop at -8 because a breakeven stop would have been triggered.

No......I just had my regular ATM on..........strange.

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  #359 (permalink)
 wgreenie 
Cambridge, Ontario
 
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Jeff Castille View Post
I believe that the most important thing in trading is know WHEN to trade.

Please review posts #7,#33,#36,#41 !!!!!

Thanks Jeff! I have captured all these 4 important posts per enclosed.

Beth

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  #360 (permalink)
 
Jeff Castille's Avatar
 Jeff Castille 
Northern California
 
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Broker: Amp Futures/ Zen-Fire
Trading: YM and CL
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In response to Vics question

Jeff did you take the first trade this a.m. Inside bar ,,,it was 15 Minutes prior to PMI , did not know if that report was " news worthy " enough to skip the trade . Got + 8 + 1 on it .

No........I have found that CL often hovers with no direction on the mornings before the inventory report. So, I've decided NOT to trade before the report is released.

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