Tuna's Crude Recordbook

[crude begginar]

Oh $hit man. You are right. I missed it. Anyways, was following chart only (without access to news - the ideal way ), and got whipsawed on fourth trade.

Trade # 4

Short 3062 / SL Hit at 3075 = - 13 point loss

I am right now on another short trade

Trade # 5

Short at 3026, want to hold it till EoD.

Let see how it goes. SL on last Impulse Candle (3066) on 3 mins TF - yeah I know it is deep, but will kill trade if I see its going wrong. Dont want another stupid Spike to take my SL.

Just now i also entered at 3023(5 mini) and will add 3050 in case if it comes as stop is 3066

Thanks

 

[Tuna]

Just now i also entered at 3023(5 mini) and will add 3050 in case if it comes as stop is 3066

Thanks

One suggestion - in case trade goes wrong, don't add to losing trade. Worst possible way to compound loss instead of profit. If trade goes wrong, book loss and get out & wait for next chance. And read the other words about SL 3066 (I kept it deep to avoid spike driven whipsaws, I will not let my trade reach that level, once I see the price action showing bulishness, I will cut it).

 

[crude begginar]

One suggestion - in case trade goes wrong, don't add to losing trade. Worst possible way to compound loss instead of profit. If trade goes wrong, book loss and get out & wait for next chance.

Sure Bro.. Thanks for suggestion. I will not add further.. Anyways i have entered in mini as its inventory day.

I have placed my target at 2090.hope it will kiss soon.:clapping:

 

[Tuna]

TSL @ 3043 now , looks like this one is mostly heading for a scrape as well. Phew !!

 

[arjit]

Where you shorted

 

[Tuna]

Trade scratched # 3026 to 3024 for +2 points. Has been a bad day, was not in sync, lack to situational awarness on big news and over traded. All bad things a trader can do, in one day. Now need to clean up this $hit, updating the scorecard will be pain today. Let me check.

 

[madhavareddy1203]

If it breaks 3017 today ??? Nxt my tagrt below 2980
I will carry positional

 

[Tuna]

If it breaks 3017 today ??? Nxt my tagrt below 2980
I will carry positional

All the best. I am not carrying. But yes, as per system, we are still very much bearish - But, but just entered the sideways zone tonight. So keep position size as per you risk appeatite, a friendly advice.

 

[crude begginar]

Trade scratched # 3026 to 3024 for +2 points. Has been a bad day, was not in sync, lack to situational awarness on big news and over traded. All bad things a trader can do, in one day. Now need to clean up this $hit, updating the scorecard will be pain today. Let me check.

I have kept stop as 3031(-8) . Lets see as anyway intra MIS square off @11:00

 

[Tuna]

1 Loss -13
2 Scratch +1 and +5
1 win +24

Set Counter:

Profitable Trades (> 15) =6
Losing Trade (> -10) = 2
Scratch ( 10 to - 10) = 5

The only person who will be happy going by my trade tonight, is, yes - My Broker.

Ciao Guys, Had Enough for the Day. Good Night, And Happy Drilling.

Oh, one last thing, does any of you have access or pointer to any site where I can get some short of Calender on Big Crude related events (Like OPEC, US Inventory check, Rig Count News ETC). I generally collect those in beginning of the week, but mostly from tweeter feeds. If you know any site, please let me know.