Wednesday, November 19, 2014

Wed. 11/19

2:10pm CST - Well this week isn't going as planned.  I lost at least 5 ticks on slippage alone today on CL.
 
Net breakdown (contracts traded):
CL -$373(3), ZS $7(1)
RESULTS FOR DAY
Contracts:4
Net $P/L: -366
Wins: 1
Losses: 3
Win%:25
Avg$Win: 7
Avg$Loss: -125
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4 comments:

  1. PandawarriorNovember 19, 2014 at 4:35 PM

    Don't be afraid of inventory...The big boys position themselves ahead of the report....while the retail people get out....I've made quite bit of money during inventory.....

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  2. YM-TraderNovember 20, 2014 at 12:29 PM

    Hi MBA, just checking in to say "Hi". Glad to see you are still out there battling.

    ReplyDelete
  3. MBAGearheadNovember 20, 2014 at 1:56 PM

    Hey Brian, good point. Generally the volatility right after release can be deadly. I once tried to come up with a system that only trades Inventory days. I should revisit that...

    YM - hello back. Still battling! Hope you are well and having a better year than me.

    ReplyDelete
    Replies
    1. PandawarriorNovember 20, 2014 at 3:16 PM

      I had a very experienced trader tell me to watch what happens about 15-30 minutes before the number...most of the time the set up occurs before the number....which is why in hindsight it always looks good...once in a while there's a fake out but since I've been doing it this way, I've only been hit once.....so not a bad ratio....

      Delete

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