Wednesday, January 30, 2013

Wed. 1/30

2:00pm CST - As mentioned a few days ago, I thought my NQ method should work well in any market. Well it hasn't worked well at all in NQ the few days tested so I decided to test CL today. Inventory day is usually pretty good ranges.  Not so today (even after FOMC).  Anyways, it's back to the drawing board for that method. I did have a great idea while losing trade after trade today, however, and plan to backtest that soon.  And in case you were wondering, yes, all of my ideas are great!  At least up to the point they become not-so-great.  Unlike my trades, I do not keep statistics on how often that occurs.
CL Contracts:7
Net $P/L:-901


  1. Hi MBA,
    Where do you stand with your strategies right now in the big picture. Are you refining existing strategies or are you trying completley new ideas. Have the older methods failed due to bad execution or that they did not produce good results on actual trades. Do you feel you will become more profitable in the future by coming up with a winning system through trial and error or you feel you are close to a break through within your existing systems. You have been doing this for many years now and I just wanted to see what is your long term strategy for improving results.

    1. Some systems I am refining and some are brand new. Long term strategy is same as short term: develop system(s) I can trade with an edge, continue to improve on trading skills, and make consistent steady profits.

  2. I don't trade CL on inventory days any longer. Its usually a choppy mess which is not what I'm looking for. If choppy mess is the name of one's trading system, then perhaps Wednesday's are a good day to trade CL.

    1. Not a bad idea. It was a big ol' mess for me yesterday!