Spooky crude oil again

I am not God, I am not a crook : I will never pretend I can catch any given move from the beginning to its end. Never believe a guy who says such a non-sense. I am more than happy if I can grab one third of the move, usually the median section. And, more often, some ticks, here and there..

The importance of the trailing stop

On the last trade, I moved the SL at +2 (from -10), as soon as I felt a little double top could happen there. I could lose the probable move up this way or I could save my skin..

A typical day

This is a typical example of what I am doing recently : wait for one of the numerous significant moves of CL during EVERY day and go with the flow.

Tiny gains on a tiny market

I risked on the first trade only, then I saw the shallow market and I went for the (very) little.

Before the storm

I got a few pips and then I left monitors to take care of my daughters. When I came back, price was 70 pips down...

Micro-surgery

What are 9 ticks for the huge volatility of crude oil? Almost nothing. That's why it is relatively easy to catch them. No need to know what did the Iranians  in Ormuz. No need to anticipate and get the entire price movement (there are MANY, anyway, everyday). All I need is to cash in some ticks here and there, based solely on momentum. Today I had these 9 and 10 more a little bit earlier. It is relatively easy if you are not greedy. Like doing micro-surgery on an elephant.

Rusty

Back to trading after a loong time. I partially lost my reflexes and had to cope with fear. The fear was in the first and third trades when i closed them early. Fourth trade came close to my stop by 1 pip and then resumed up, I was lucky.

Post-NFP

Almost a lucky trade in post-NFP session. Price had compassion for my large stoploss and resumed down to give some gains.

Crude oil

Too late (entry) for the second trade, on already extended price move. Better wait for the necessary little correction.

Last minute disaster

I had some gains while e-mini got a steady pace just before the closing, when a news wire from European summit (Britain out of treaty) destroyed everything. It was late and I was tired and I had a lousy stop : -14 ticks.

End of a move

A few ticks

A few ticks gain from a single trade, based on price action and trendlines only. Life is simple.

Quiet Monday

Not much, on a quiet, boring Monday(till now). Even the crude oil is quiet today!..

Post-NFP

3 little soldiers in 10 minutes and done (?) for the day.

Waves

Same session as on the previous post, but on a wave form. I think oil looks better on a wave.

Thrills

Back to trading, after a long time. During my "vacation", I studied the behavior of several instruments on futures. Among them I liked crude oil the most. Lots of movements, very fast and brutal, and very fast reaction needed from the trader. My way to fight boredom.. Here are my first live trades on crude oil, with just 2 contracts. A roller coaster indeed, extreme emotions guaranteed every second! What I should precisely avoid !,, lol.

Bad timing on an easy market

The trend was strong and gave easy pips on the bwginning. Then, on the last two trades, a considerable risk was taken as I refused to close on the correctice moves, precisely because (I felt that) the trade was strong. This is the perfect way to get a -30 on the face, on a very fast retracement...

Post-NFP

The first trade could be closed earlier. An earlier exit could also give an earlier entry short. So the first short entry came late and, as a consequence, had some risk.

A better entry

As I wrote in the previous post, entering at the resistance and going for the breakout is dangerous for my approach. Today I entered at the local temporary roof, as price was doing little HHs and HLs and could move up. Price moved back, just 1 pip above my stop... (and the doctor told me : no stress!..).  Then price reversed and I had some gains. A better entry is pointed by the arrow, on the MA.

Preparing for the break

I have stopped trading in the last days because of a health problem. I had only these trades a couple of days ago. As price was going to break the resistance (previous high), an intense movement forward and backward took place and my stop was hit. It was too risky to widen the stop, waiting for the almost sure (?) breakout. I have done this in the past and payed  a lot.. A tight stop method like mine is vulnerable when applied on breakouts. That's why I apply it mostly when price is in a mid-range.