Cold CL

I found that CL behaves as cold as snow in December.
Like past years.. (refer to right side column - blue fonts).
I think its better to wait January...thats a long wait and probably my skills became rusted then..
Better find something better to do...

Opening 9am magic

Opening 9 am for CL trading seems has a magic of its own.
9am could be a starting point of a trend.
9am also could be a end point of a trend.
Its like a S R line.
eg. Monday 7 Dec -

No trade

Low price + December.

This  will be a difficult month to produce money.

+ve November Statement ..kipidap

1 dec trade : -15 ticks

Mistakes: Too much emphasis given to big frame chart.
Big and small frame must agree :: to be reliable.
Its already in the rules but trading mind no warming up.

3 ticks - choppy

long wait to get 3 ticks..
next week

Choppy - no trade

Charting problem - No hunting today

-15tik, wrong read of previous ohlc

MFE 20 tiks, then exit -ve 1tik

The Angel say take the profit 20tiks  but the Devil say can take all 40tiks.
Waiting price goes to previous day low proved backfired.
2 great lesson not found in the trading books  -
A)  price can wait  but time can'T.
B) a winner in trading can take half.
Next week pls.

EIA +6 ticks , 2trades

Not comfortable with EIA today.

Got 6 tiicks then go.

Pre Veteran Day

past exp show no volume - so I decided today and Vet Dat are holidays.

+11 t, 2trades

the actual 1st chance to short missed as I used limit order.
the 1st trade has mae -7 before +6 ,and 2nd trade mae -9 before +5.
my mental eneergy drained by mae, close pc then watch tv.

today 4tikc,,,,weekly 31 ticks

CL play squash again, which I'm not ready for these yet.
No space before open market..difficult to catch the 1st move.
Maintain 1st chart.
Adjusting 2nd chart for squash playing

+18 ticks, 1 trade

Market seems flat, then moving
Enter at sell mkt, exit at buy stop
Tried to hold longer but thats it.

Free Webinar to trade CL - today

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+7 ticks , 2 trades

CL change its rhythm and need differnt magnifying glass.
Too late to realize it when the move has done.
Managed to catch the tail of the ranbow

+ve MS --As a Malay saying said: Sedikit sedikit, lama-lama jadi bukit

+2 ticks

tricky.
I think market has jetlag caused by DST changes. Every year like this

25+ ticks, 1 trade

Early trade.
Lot of heat, I can sense sweat on my forehead.
And I began to doubt the position...market seem going nowhere and today is Friday..yikes
Even my dom frozen...oooh this is a bad omen...a black swan!
Quickly log in back, and saw in slow motion ...the market carry my short  to near previous close.
I close position ;+ 25t
Then market down another 7 ticks then bounce.
But enough.
I close my pc and getta out of here...woosh.

Nett -5 ticks , 3 lots

Fat finger clicked twice , so 2 lots at once in 1 st trade.
Again, ignoring the 1st signal that happen earlier than opening..
I should name that setup.....


as without name, my mind doesnt recognize it

3 ticks again, 1 trade.

Simple breakout was ignored as I was expecting a pullback that never happen.

Expecting pullback as market was slow prior to opening. This is an easy trade if it happen at opening.

Quite often CL made early move like this and I never took these "early" lessons  -countless times.

In case of breakout like this, next time I will use stop order entry, not market order as usual...

3ticks 1 trade

distraction at home, 1 trade only.

I believe I can catch the rainbow

12ticks via 1 trade

• Missed 1st opp to short due to early move - indicated by butter setup 1st then after 7 bars formed bread setup
• Long : 12 ticks via cross ma and formed butter setup . Up to 20 ticks but hold too long - not watching SR line,
• Remember SR line SR line SR line
• Interesting day - seldom happen on Friday.

+2 tik 1 lot

choppy mkt 

Bread, butter & cheese.

My bread : Mov - (not availbale - so no trade on Tuesday)

My butter: Movfailed - this is interesting to watch (reminding me of  POP rule 1)

My cheese:  Squashline - available but still scared to use it in live trade, simply because the R:R is not that great compared to Mov setup.

I'm looking for breads only at the moment.

Wed : after report only

+ 3 , - 16 = - 13 ticks in 2 trades

Put back that 1 "squash " feature after today live trades.
Simply cant test it in SIM, better test it in LIve trade
So this is the cost of doing business .

+ 12 ticks in 2 trades

Slow market on Friday

EIA on Thursday

The market is dead....,,going to watch tv

+9t 1 trade

SIM-- eliminate 1 feature of my chart

But i need to SIM it first

CL play squash

Testing the mind play squash..

no change to the setup , chart or physical thing.

just the mind...

today and friday.

c later next week
2 small arrows  was my prediction at open 9am

the reason of me always capturing small contra move or reverse at the dot

I put an aromatherapy diffuser in my trading room - using fennel sweet aroma.
No hocus pocus okay..just trying it , on the advise of my female , working housewives friends -- " to give more courage"
Hahaha..

Then I saw the reason ..
I put it in a simple way.
I like to play tennis , crossing the net to score.
But CL like to play squash.
Guess who will always win , eventually...

+5 (short)

PRE: Current mkt between hi lo  so expeting choppy market..
POSTl : Mkt quite trending during opening, turning long from SR (that not detected earlier).
Mkt then went lomg, and choppy after wards

pS. chart after close PC> more upwards..
therefore ..the assumption if higher than Phigh..trend higher..is truE after all..
I'm counter trade ...actually
imagine if no stop loss used.

New tactic tested : Double candle over (DCO)

No trade - Bigger time frame readjust to 1 hour

Before this > 4 hr
Readjust > 1 hr ..standard time frame.

No trade -....new mind --Follow the Support line

is better than break it - simply as it has more time and need less energy ....logic thinking of today..

-18 - dreaded fake move

market change from choppy to trending, so fake out in between,,,during opening 9am
..the only way out is stop my loss , so -18 ticks.
if not, loss could be -80 ticks...

Surprise !!!

Smooth market AFTER EIA report, but I dont trade on WED..
May be I will try WED after EIA

missed entry

focus out due to  important phone call during open.

this is inside previous day - so its choppy as expected.
I looked at big frame after opening AND KEEP that big frame that could create confusion...
chart selection should change to small frame after 15 minutes of opening...
if I picked the small frame - entry must be entered after 2 candle without waiting for confirmation
becoz if wait for confirmation the opportunity akready gone in this choppy mkt.

so the standard operating procedure is
1) looked at prvious day hi lo - inside or outside to gauge which better chart frame
2) preopening till 15 min - looked at big frame chart to look for potential trending move.
3) if no trend detected, switch to small frame  -to play hit and run, without 3rd candle confirmation

+ 5 hit and run from p.low

post edit : mkt then turned to long...

No trades till next week

otther things happened in real word. c u next week.

+7 in 2 trades

choppy market..
use Muhammad Ali tactic  - dance like butterfly and sting like a bee.
nothing fancy, just using hammer candle.

+2

Line break method went off early - missed
Candle pattern play = +2

no trade

no clear setup to trade, just watched cl breakdance

EIA - in SIM

Wed- Sim trade.
Classic market action - waiting for EIA news before going up.
Sim short resulted in loss as its based on breakline of support that actualy a fake breakout
Only large time frame will indicate that market was waiting to explode - like in Daily chart in 30 min chart.

+ 3

Entry : Short, Follow plan
Exit: price not moved as expected - market reversed long.
(Wed , no EIA)

Confident to trade on Monday

Waited 1 hour in dead market.
Opened economic calendar to check possible reason - holiday labor Day in US...
Now I felt like an idiot and genius at the same time..

After several hours..I wait the only setup of the choopy session then...

my wife called me to look at her faulty hp...
I know the market will move...
cause my wife is a good market guru...
Lost oppo to short valued USD 225...

BTW: I followed simple rule - candle close - it saved 2 times - proved it validity to my setup.

Nothing like a real thing after 2 months vacation.

I trade like a noob...

I short before candle properly close and clicked 2 instead of 1.

Good thing I  flat out immediately without hesitation.

So next time...

1) Wait till candle close

1) Take out the finger after clicking it.

Float like a Butterfly, Sting like a Bee

Butterfly ....

Roller coaster Lesson

Simplest setup will win in this roller coaster ride...
Learned it, make it better...
My 3 setups have 3 criteria each that not fulfilled, so I didnt enter the ring tonight.
The simplest setup will have only 2 criteria - like my 2 hands.
Wait and c

missed short entry by 1 tick

so no trade ..choppy session

after : the green mother candle is a signal to long direction - together with double bottom and large triangle (SHOE) that indicated a potential of BIG move afterwards. The move is Choppy but big one.

may need to refer back to daily chart...refer to mother candle & IB

LIve -- warming up

Live --warming up..no intention to trade as EIA report will come soon today

this..is probably the best advice to improve trading...

use a screen recorder to record, review your trading behaviour...
you can record video & AUdIO...
its better than a blog...
coz it is like a real thing...and more lively, interesting..
it will never lie.
the cheapest one is faststone screen recorder.
icecream screen recorder,
whatever.
I use fastone screen recorder-- yesterday...I loike it

Will not be a ZomBie !

3 kind of breaks in trading that nobody teach you at Harvard Business School

1) Unbreakable e.g. double bottom - big range (fact) - vol, min
2) True Breakout  from range -small range (fact) -min
3) Fake Breaks at extreme then reverse - 123 stars (fact) - vol
*) WMA Color support - entry at touch - dir follow color
+
4) POHLC (fact) - vol, min
5) MA (position of price, and position of MA to previous MA)
5) Mother candle (theory)
6) First 5 minutes (theory)

simple double bottom setup - rare but powerful

Two setup + a confirmation

The two setups still ongoing testing till the end of August..
Also testing mother candle theory of direction...I knew it before this, but experience show it needs serious consideration.

testing again

in SIM.
coz August is a good time to test a setup - low volume
so far so good...

this time a  diiferent setup

PUSH - Pushing out of the line

2 keywords

1) find the LINE
2) price PUSH

6 trading level

1 verthoriz -timing
2 ohlc - visible
3 nihl - invisible
4 candlepattern -chance
5 bbma - chance
6 pullback, breakout - chance

Still not active - fasting month - 1 trade only

**Checking horizontal close NIHL at PrevOHLC

Muslim Holy fasting month - Ramadhan -- No live trades for a month

Its that time again, a month to collect good deeds for use during permanent life -after- death

Independent charts

Today I learned that long term term strategy needs synergy.
But tactical short term trading need independent judgment to execute effective order.
That's the difference in art of reading charts.

Seem contradict with common belief that a good trade is a hard to do.
A good trade is one trade that one easily recognise at one look at charts.
Don't force finding the trade, let it come to you.

Also, past loss experience save me from another loss today.
That's the difference of sim and live trading.
I learned more from live trading.

recap"
1) 3 workers -LazyBozz, PassingtheBuckManager and the actual worker :)
2) 1 Big and 1 small opponent
3) Hammer and nail
4) NIHL
5) Cross MA - no need to pullback confirmation but look at closing price support resistance.
6) Volume peak
7) Don't force finding the trade, let it come to you.
8) Each chart is independent authority in short term trading

Friday no volume - no trade

Failed setup as OHLC was more dominant

As the setup failed, my stop loss took control of things - stopping a much heavier bleed.
However, market then 'follow my direction' later...but dont count on it.

post trade- review

Right thing done:
NIHL identified succesfully this time

Repeat:
1) 3 workers -LazyBozz, PassingtheBuckManager and the actual worker :)
2) 1 Big and 1 small opponent
3) Hammer and nail
4) NIHL
5) Cross MA in min chart - no need to pullback confirmation
6) Pullback one AFTER Cross MA in min chart , esp wit NIHL
7) Volume peak
8) No MA for TICK, use parallel line only

Warming Up again

Trading is a skill that need a warming up after a break...
See coming Thursday

May Statement

Micro profit as to familiarize with NIHL -Nearest Internal Horizontal LIne

Recap Verified patterns

1) 3 workers -LazyBozz, PassingtheBuckManager and the actual worker :)
2) 1 Big and 1 small opponent
3) Hammer and nail
4) NIHL
5) Cross MA in min chart - no need to pullback confirmation
6) Pullback one AFTER Cross MA in min chart , esp wit NIHL
7) Volume peak
8) No MA for TICK, use parallel line only

Vacation 1 week at Pulau Perhentian Island Malaysia....C u later..InsyaAllah.

Song - Show ME the MONEY - McGuire

Ok

At one time registering 23 ticks then market reverted and exit at 6 ticks.
Try again

Again, early set up missed...

Next time, pullback one then enter to real direction.
Managed to get micro profit.

Manic Monday

Testing new hypothesis. so no live trades.
Puzzling trading - may be due  new contract

Live trade - In the line of fire - Tick chart and MA

use TE for 1st trade
and reentry for 2nd trade for scalping.
I found that ma moving average simply not useful for tick chart.
Put back ohlc line on tick chart minus MA.
Pair line proven useful.
Mini profit again.
Happy weekend comrades.

Current problem

Normal chart==The only problem now is the setup was at earlier hour than my trading hour..
Once the setup gone -- usually it gone with the wind== for the day..

For tick charts I will use the the pair line - simple fool trading 

Looking at wrong chart

therefore wrong conclusion...

BSOD

after instaling Malwarebytes..
Unistalled it back and use avast antivirus.
Lucky no position during blue screen

Trading Expectation 1

distracted by a news on very close family member, but manage to wiggle a small win using TE

Managing Expectation

Sim test ....nothing new on charts but new on mind thinking...
.using limit orders at location on charts that expected price will go in future
the keywords is "expected" - if the expectation is true, then -  the profit will come.

Monthly Statement -April

Hot seat

Early short made resulted in big MAE that nearly trigger stop loss but I stick to the plan.
Then market decided to follow my plan (yes , it's a joke -haha) and let me out with small profit, again.

Small profits

For about a month over now, I have small profits.
I dont go for big profit now.
I sensed that I'm more comfortable with small profits.
Never mind... small profit is ok with  my small.account, BUT  I have all the time.
Few days more to close April.

Chop fest

Strong urge to join the party successfully avoided.

As I'm i no mood to join the bloodbath....

I will avoid Wednesday too. :)

No trade - looking at ideas

The color zone

Tough CL market - market adjusting
So i'm too need to adjust without change the basic plan.
To watch  slope and zone

Choppy

Got headache watching chopping charts..

New thing learned

Forgot that no need to wait for cross over to trade

Short circuit.

Shorted around 9.35,
Some heat and then realized at the wrong side.
the market is no more choppy and it want to trend.
out + 1 tick, The mind is too tired to change its opinion and let go.
market kaboom to the top.
Luck or luck ?
The bigger time frame map to be adjusted to 30 min.

To test new hypothesis > invisible horizontal cross

Lack of Volume - Tomorrow Good Friday

Closed shop early.

March 2015 Statement

Live trading during last week of March 

Breakout at EIA

Account small -not ready yet for action on Wed EIA

Nice move but have to buy electrical things before GST implementation 1st April

-aircond for trading room
-ceiling fan
-LED tv

the bad news, they are expected to be more expensive after GST in force. Govs, all govs are good in collecting tax...
the good news...the aircon bought by my wife....and my head should be cooler during trading CL, here in tropical Malaysia..
Backed home, got this screen pics ...say cheese ...!!

Early move then choppy - no live trade

Disrupted by EIA

Need to use faster TF chart to read mkt..probaly use this before EIA on Wednesdays and slower Fridays

Micro wins...

Got 2 micro wins on Monday and Tuesday.
Today EIA Wed...
Cant sit tight due to choppy conditions.
I need at least 2 months data to confirm that I have a winning edge...
sigh...

Went to Supermarkert and therefore market was moving ;)

Short quiz: Between 2 diamonds, which 1 is the ground zero ?

Choppy

Kaboom up after lunch @2nd session

Closed PC, then kaboom

Timing...

Even though my market reading improved through experience, I found that I have very bad luck with timing....I.m not in front of PC when the setup is showing...

Undecided CL

Wed EIA

Run through this blog - reading the past...something is not changed

and I yet to put it in real profit ;)

DST Opening 1 h earlier but...

Today DST started in trading, but people not aware of it..
largest vol still at 10am..
yes, market CAN be wrong...

Wed EIA

To save energy, trade after EIA report on Wed.

Setup no 2547 Tortoise...turns hare (TTH)

With this current setup..I need to go slow.
because it looking for tortoise turns hare setup....
Quite surprise that I felt relaxed a bit, as my trading go really slow...

And I found that my broker reps changed again...
Thats show how time flies...and I remained testing trades.

A very good article on Trading...

https://butterboy.wordpress.com/2006/09/04/dont-make-trading-harder-than-it-is/

The essence of trading is this, and why trading is hard work.

"Expert traders don’t know where the market will go, expert traders just take setups that have worked before and know how much to lose on a particular trade"

3 elements: Uncertainty in direction, calculated risk and  working setup. 

Always remember and aplly this in your trading, you're a trading rockstar sooner or later.

Success in failures

As there are many failed patterns - so I will keep in mind of this failed patterns to make a trading entry and exit
http://allstarcharts.com/like-best-patterns-dont-work/

Trading has no rule

And all man made rules are not reliable.

this thought popup yesterday and it help scoring some ticks!

Live no trade ---Suddenly lost connection --missed entry :)

2 phases of trading

Before I forgot I would like to pen down 2 phases of trading and traders:.

Trading:
1) Has direction
2) No Direction.

TRADER:
1) Beginner tend to learn all things and complexing things.
2) Old timers tend to simplify things.

When CL began to drop 6 months ago, the market showed direction . as the market bottoming out (some called it coiling, consolidated), the market has no direction.

Market will go up when PRICE go up. Market will go down when price go down.
Its not bid or ask...Many bids, but at flat price will not make market go up.
So this is the holy grail for me:
 I has to find SIMPLE way to read when PRICE go up, then I will go long.
Hahaha.
Simple ...but its not easy....

Got lamp yesterday ..

Live - no trade

No signal - no trading

next > BCIC big candle inside candle, vwap, ohlc, 40min before EiA, 10min before opening

CCCP: Clean Cluttered Charts Pairs

When I was young and saw Olympic games, I often saw the abbrev CCCP..meaning USSR athletes.
But this CCCP is different: I need to use CCCP to enhance MY trading performance.
Its how my mind work.
Sometimes my mind need all the squiggly lines drawing.(abstract pictures)
Sometimes my mind dont need them, just a clean chart (non-abstract-numbers)
Its logical, really , becoz my brain actually has 2 parts - left (non) and right (abs).
I will use CCCP onward

Nice move at the south pole

CL moves up before opening and then down..nice move but the setup was in unknown territory so even though my gut say here is the chance but I dont take it as it was not the plan A (the only plan). However I took notice of the condition so it will be my plan B trading at extreme Artic or Antartic pole

CL in Abyss - How deep it can go ?

The logical thing is to be with the force - short..but the range is not that good. Well, its a touch & go mkt.