You are welcome. The most effective of way of risk control/money management is position size, I also tried to follow other pinciples. First, only long in an up-trend market, only short in a down-trend, ie, no conter-trend trading. Some times I did ...

Hi, Ramadas. I also take partial positions before I go to bed (after London close) and ride on the rest of position for overnight. Your M.O. is similiar to mine. But I usually don't make a specified T/P target for intraday trading. It depends. I ...

closed all long positions @33.20, short 1 postion at the same time which is only a test. Three weeks, the target of 5%~15% profit goald is achieved. Maybe I am wrong, I don't know. Stop loss is @ 33.95. The bear can be confirmed if is break down ...

I didn't cus loss of yesterday's first long position. Added 2 more around 3310, luckily, when the bull striked back, I closed two positions around 3360 and 3387(limit order, very lucky! only 2 pips lower than the highest) The stong rise last only 1 ...

Add one position @33.367, stop loss @33.19 or 33.12, I will see. this price is higher than 1 position I closed @33.31. This is intraday trading problem. You tried buy low and close higher, even no conter-trend trading, even after a retracement, the ...

The market is still bullish, although not strong bull. The price made new high yesterday compared to the previous day. No sign of top or turn around, so, I should keep on and insist bullish bias. No counter trend trading, no guess of top, no guess ...

Yesterday, WTI was a huge yoyo after EIA report. The news is bearish, 10million inventory increase far more than 2.5m estimate. The price did drop, but 15 min later a huge up! Lessons: Just as "reminiscenses" described, all depends on market whether ...

Looking at 1h and 4h charts, it is bullish, although it is not a strong bull. But with such a bearish news of 10million increase, the price went up after 15 minute drop. The bull is powerful, no matter what you think. The market is always right. I ...

15 Min. Chart. A resistance line is above, if broken out, I shall add one more position. Right? I won't because I have enough positions, and 10:30 AM(New York time) will be EIA report release, that is Non-Farm for oil.

Thank you Dan for your kind words. The chart is WTI 1 hour candles, it seems the two trendlines worked. Is my drawing correct? The platform is OANDA, the instrument is WTI CFD.

It seems that 2 trend line in 1h candles are functional.

Add 1 wti position @32.558, 15M candle is strong, if there is short time retracement around 32.40, then add one more. Stop loss 32.09

Time to trade. WTI is bullish without doubt. Two points should be noticed. Fisrt, the up trend is not strong due to indecision of OPEC and Non-OPEC production freeze. Secondly, overnight API report is very bearigh, several million barrels of ...

Very nice, Daniel! I found the same prcie behavior before. Subscribed your thread.

One WTI position closed @32.48 (using a stop loss, it's like trailing), the profit almost covered the losses of G/U trades. I think G/U is still bearish. As I said, let it go and concentrate on WTI only, so I didn't do anything with G/U. I trade ...

Yes you are right. I have trading system derived from a stategy. Later I will say my system. 2 positions cut with total loss about 200 pips, tuition fees again. I will let it go. The last G/U short position shall be stop lossed around 1.4040. ...

set stop loss order on WTI. No stop loss order on G/U, prepare to cut loss manually 2 positions.

Thank you very much for your kind words. Yes, I am working on to get rid of bad habbits by posting here my trades and thoughts about market. In fact, I made the same mistakes again yesterday. I longed G/U as a test. After G/U long positions stopped ...

I am off today. So I can trade the European morning session. Problem now! G/U daily is a white candle. 8:00 AM (New York time), Feb. 29 is a strong white candle. First leg of a bull market bottom? I know. But 3 G/U short positions are in red with ...