More peanuts

Missed 3 trades and the 4th real chance gave peanuts as above.

Sitting tight with small pocket proved to be difficult for me at this stage

Peanuts 2

1st win, 2nd trade lose. Net win peanuts

Lesson:
Confused on DSTime that affect volume and need to pay attention to HI HI LO LO level during 2nd trade.
Lines need to be drawn.

Scored point:
Exit when market didn't move as expected.

Max #trade so didn't take 3rd trade in chart ..Hmm...

Friday Extra

Spike    > Employemet situation - NonFarm Payrolls 8.30am 

Peanuts

See something familiar with previous post ?

EIA 10.30 Thu

Sandy - no trading

Be prepared.

Long ; +small plus

Exit: as price stalled at SR lines, exit position as market not moved fast as expected - then price move up again..close pc to avoid emotional decision. :) But you may called it 'no guts' :)
Entry: Put stop order at below market price as I thought market was not strong

I will miss this good session

My family will held a festive Hajj during Thursday session and again I will miss an opportunity. I need to pray to Allah to grant me more  time to meet opportunities

On the grind

Oil report and a group of old people had meeting - so the market was slow. However, in future,  I will sim trades at 10.30am to test my setup in fast environment

Hmm

CL moved early, as early as 6.30am !..I hated when that happen as I know it meant that today's opportunity is as good as gone already..and I hated it further when it prove me correct.....What left was tricky precision move that hard to be detected at 8am..then choppy session even though volume was high..One the reason was CL has dropped to an abyss that has no real support at the bottom - so I GUESSED it want to find firm footing first.

ps. OMG CL can read my mind...when I was typing the prev para I heard my audio alert but I ignored it...then I saw the chart show a perfect entry..

lesson: If you're a trader, don't give up your hope in the market,  you need to LOVE IT....and... if the market moved early ..I need to wait till 10.35am before close shop ;)

Monday blues

Traders decided based on last weekends SR, therefore the price action quite tricky. On my part, my job was looking for a perfect pattern and that pattern nearly completed when I realized one "average " requirement not matched, so I halted.

My decision was correct as the market suddenly switched down and trapped other big candle traders . I took my breath and closed the PC. Moving average need to be respected which nearly 90% traders use it.

Gred B pattern

Traders waited the report and rollover days produced Gred B pattern  that I will not take when my bullets only a few..But I may take these Gred B pattern when the account permit

Not my type

After a run yesterday, today market more suitable to "ping pong players". Traders volume shrunked and at 9.24  I decided to close the pc earlier.

My trigger is the ? mark

I saw  my set up...The question pop up..Is this the one ? No answer from my brain..
The market follow my plan.

Then I saw a nice line near 9am...Again that question pop up.Is this the one ? No answer from my brain.
The market drop according my plan.

Then no more question pop up...and no more signal...

Of course I knew that CL will run amok today as both my son AND wife besides me in front of the PC - as I were preparing my 8 y.o. son for his end of year exam. But this should not the excuse as I acknowledged it already. I have to accept the fact that I need to execute the plan when the moment come even though I could be distracted by anything....

I knew the ? mark came as my brain acted as a safety regulator for my best interest. I had a clear cut plan in my mind.. But when the moment came, the brain not giving a "go" nod, instead it give out a "? " mark.

From this experience I also printed a checklist to execute...May be my Visual brain need that assurance when it pop up a ? mark when moment of the lowest risk for entry come . A top-rated hospital staff once told me that they marked several checklist to ensure they do the right thing even though they knew it already, just to be on the safety side...i.e don't cut the wrong eye, or cut the wrong leg.

I realized that the highest risk is not to take action according to plan.On the other hand, to be fair, I will give chance myself some initial errors in executing the plan

Changed my mental set up

From
I pictured myself trading my best setup, using single lot bullet, maximum 2 times per day or I do nothing.


To :
I pictured myself trading my best setup, using single lot bullet, maximum 2 times per day .

Why:
Time to do it

Volume revisited

I done some homework on printed charts
I  learned from the gurus that price action only confirmed if the volume is higher...
But my printed charts show that 80% of the best  opportunities often came when the volume is low.
A sort of against the trend before follow the trend - tricky isn't it ?
Who say trading is easy ?

Trading Days & Time

For 6E trading...
I trade from 8.30am to 10.35am  EST,  5 days/week

My 60% part of success- part 2

The session was quite tricky, and my best setup was no where.
But I'm really glad that  I can sit in early to capture the potential move from now..
Sooner or later I will not miss that time and tick.

Missed entry within 2 seconds

Open the computer, activated DOM, then saw an entry.
I wanted to put a stop entry but the market moved up as predicted  and I missed the lowest risk entry 2 seconds for a gred C move that has value USD 250 +-
That was a close call..
Missed a tick before and then missed the time now.

post edit: that move valued usd 700

Missed it by 1 tick

Real DOM.
missed short position...well, good..the market not played my game after all.
I retune my chart time frame to get better market outlook
I will be miss next session (Wednesday) which I thought must be has a good run cause I need to buy cake for my son's birthday.

Song

To prove that I'm a trend follower. I presented to you Gangnam Style

Sideways Up Down

Live DOM
I thought the market shall be sideways..yes
Up
Down
Yes
yes
But my best setup was no where to find
As nothern hemisphere becoming colder...active hunting season will begin soon..I'll shall stay a LIVE :)

Chaos theory

Today I watched a movie about a chaos situation i.e robbing a bank
Chaos theory is extremely complicated, as they said.
Nope, if you looked at the chaos situation e.g CL according to your own rules and understanding.
Also you made sure your rules and understanding are simple AND looked simple

p.s. I still looking at CL market according to my own sweet time.I'am in no hurry

The plan, the plan

My finger eargerly wanted to clicking a short position as I predicted a short move, but the price was marginally missed it a few tick...... Hey ! this market not following my plan, so I cancelled the position.

The market then moved up and I saved my tuition fee 120usd.

Real DOM activated

...had some good gred B movement but my best setup was no where to find.
I will maintain the real DOM from now on, as long as my account permits :)

My 60% part of success

I spoke too soon yesterday as today the jackal move while I'm at the dining table.
Yeap, blogging heped in tracking my weakness
CL's most active trading hour is the same time we have dinner in Malaysia.
After dinner I supposed to look after my son school's work.
So i keep missing things.
I'm confident that I will be kickass trader If I'm based in Chicago.
That Chicago's line is a joke :).
I need to turn my weakness to strength If i'm really serious to be a good trader

Late coming to the screen

I need a discipline to come to screen earlier.
at this moment ..it is 60% part of my success in trading.
I cant blame my son forever.

Gred C movement

I looked for my best setup in a gred C movement..but its nowhere to find.
Instead I found several triangles setup that to be studied further in my current frame of mind

Make your own rule

 I was teaching my boy, so I switched to SIM.
Then I saw my set up.
The market then left me at the station, but I didnt' care..I sim short at MY price where the risk is lower.
My mentality at that moment :  I didn't care about the market, but I care for my setup and plan. 
1 lot
Then I continued teaching my boy.
After a while 10min, I looked at my screen : greenback usd +860 in fake sim money.
I forgot....How I did that ?
I mean why in SIM ?..oh yeah...my boy distracted me..nevermind, my time is more precious with him.

p.s. as my trading mind progressed further I changed my blog name to Sniping the Jackal

Sim +110

After Aug - but volume still low so switched to Sim using ema inside bar setup +110

Voice & Volume

One good thing when you at rest, you're free to think the strategy.

I used this blog to capture the charts and show the results, but something is lack that difficult for me to back-track - the emotional rollercoster while trading . How to record while your fingers clicking the mouse:

So my new idea that I'll  use live audio recording using a cassette recorder ...ala autopsies dr

Another thing is that I will reintroduce volume to my charts . In the past the volume clouded my judgment while I'm looking at pure price action, and now I felt I learned enough price action, I will study volume-action.

One step ahead.