TBN / PATe - my experience/Your FREE opportunity

Nothing to add as Mike session mirrors mine in the most part. I took a slight 7 pip loss though.

Same post-2:30 session before I look for entries again.

I suppose in hindsight the failures to make new lows mid-morning were our clues to exit our respective trades, but at the time both EU and Nymex looked to be pushing on, and we are trying to learn to not get "bullied" off good trades.

Perhaps, it was just one of those mornings, with tight ranges and no real action? Or perhaps a slightly better entry on Nymex closer to PP would have put a different slant on things?

Let's not even talk about GJ though!

Hi chaps, looks like we were all on the same setup.

My chart is post exit im afraid and I exited when it was clear it had stopped moving down.

Brave thing to do would be to go long

I agree a bit tedious and poor range but if low gave way would be thinking differently

Cheers

Well the good thing is you were able to reconize when to get out. A lot of people think the exit is more important than the entry. Entries are usually easy. Your not gonna get all the pips all the time, but as long as you minimize your losses you'll be OK.

By the way, what pivot indicator do you use?

Yes nice looking chart Speed, I agree, a VERY frustrating morning

Spot on Speedtrip. I overlooked the exit but have added a note to my trading plan.

Mine! Muhahahahahaha

*cough*

The indie will probably be a bonus for people who sign up for Julie's membership area. I would post here, but don't want to get dragged in to a lot of support.

Thanks for the vouch Knucklehead, MUCH appreciated

Took a sell on oil as PA couldn't seem to top 106 post news. Nuff said, happy bunny

After a frustrating morning I've had almost as frustrating an afternoon as I bailed out of WTI FAAAAAR too early!!! I think the reason for the early exit was a hangover from the morning session, I was just more than happy to be in front for the day, MUST READ TRADING IN THE ZONE AGAIN!

Anyway I didn't have time to take any screenshots of charts this afternoon, it was all a bit of a blur, but from my trades today I have managed to accrue +48.

Previously I would have been a tad frustrated, to say the very least, to have left soooooooo many pips on the table on WTI, but not anymore! I'm more than happy to be in front and building my bank consistently, and if I can average 48 pips a day for the rest of my life I'll be a VERY happy trader, obviously the objective is to increase my average daily pip count, but I'm now fully at ease with the old adage that there will always be another trade around the corner, there's no rush and I'm ONLY looking for perfect set ups!

I have dumped EU for now and traded GJ this morning, and I am a happy bunny again today!

Opened as a Rule 5 buy, but the movement up to 7:30 did not threaten pivot, in fact multiple bottoms showed support was 131.20. It moved off this making Higher Lows, a new session high and at 8 ish I entered on a new higher low.

As R1 was about 50 pips from my entry I set this as TP, coming off this by 5 pips plus a couple more for spread, so I set TP at 131.83. Nice moved nicely to 131.832, so TP made by the skin of my teeth, but out for +46 and done for today.

For me, EU and Nymex particularly have been horrible this morning compared to a straight-forward PATe trade on GJ.

Recovered from a horror on Tuesday to +150 for the week.

One quick warning though, which may help any readers of this post. GKFX move to May contract for WTI on Sunday. This means GXFX data will be divorced from livecharts data. This makes WTI untradeable on GKFX until livecharts switch. As a consequence, I will probably just concentrate on GJ next week.
Have a great weekend.

Folks,

I apologise, I do not mean to cause confusion.

When I say I can't trade WTI next week this is only because I trade using GKFX. They move to May contract but Julie's Facebook & Tweets and livecharts will still be on April. That means the data I use will be out of phase and therefore I cannot use GKFX to trade WTI. THIS DOES NOT PREVENT ME USING OTHER BROKERS.

I hope this clears up any confusion I have inadvertently caused.

OK, it looks as though Julie will provide May contract Pivots on Monday if I read her facebook correctly.

Sorry for being a drama queen.

Nice trade on GJ Hiart and also a great explanation of your entry & exit on your chart, VERY educational!

Personally it was a bit of a crazy day for me today, without wanting to make excuses - I'm going to excuse myself

I had a VERY late night on Wednesday which didn't seem to affect me too badly yesterday, however today I have felt exhausted since waking up and, quite ridiculously, I attempted to make sense of the WTI chart this morning when I didn't feel 100%, inevitably it cost me!

After sensibly abandoning any further efforts this morning I went for a nice lunch with my wife who celebrates her 50th tomorrow, she'll kill me for putting that on Facebook , this left me feeling revitalised and prepared to have another look at WTI & DOW during their afternoon sessions, I managed to nick a few pips out of the range between 105.38 & 106 on WTI which has left me with only a 20 pip deficit for the day and +200 pips for the week. It's tempting to keep my charts open to hunt some more pips but I realise that, not only would that be 'trading euphoria', but at at 16:13 on a Friday it would also be idiotic, so my charts are now off!

The obvious moral to the story is that along with one's mindset & trading environment, you also need your body to be fully capable of the rigours of trading, mine really wasn't today, however I'll be back on Monday fighting fit after an early night on Sunday!

My morning trade was on WTI, unfortunately I missed the early sell off R1, however when priced failed to reach 107 I began to get interested in the buy, after a second attempt and failure at 10:32 all I needed was a HL for entry, one duly arrived at 10:40, I entered at 10:45/107.21 with my stop behind BRN & session low, I held the trade until 12:07 as price approached R1, not wanting to risk my pips I took my leave with +61.

Nice trade Stochman, I got the GJ and GCHF this morning. Entry gave a buy signal and bought above the MR1. The GJ gave a buy since 131.520 and 131.500 were right next to each other, and neither were approached again after the initial drop. I could have had a sell entry just below the 132.00 after the 30 mins London open, but I decided to stay out of that one.

Nice trade Stochman

I was up all night with charlie (thats my son by the way lol) so no trading for me so far today as just not in the mood, but ill see how this afternoon goes.

Had a lovely trade on Gold and GJ on friday so good end to the week

Speed

The GJ is having a hard time breaking yesterday's Fridays high and the 132.500. We'll see what happens...

GJ opened a a BUY signal by rule this morning, but I did think there may be an initial test of Daily Pivot. There was an initial move down, but DP was never threatened and I bought just after 8 as there was a second confirmation of the session low. Closed +46 pip later.

Also bought crude when it struggled to get below 107.50 and also exited +45 pips up.

My morning trades :-

DOW sell (trade taken during session last night)

After multiple failures of 13264 around 17:54 yesterday, supported by lots of LH's, I entered a sell with a short stop at 18:22/13255. Although price was above MP and pivot it appeared only a matter of time before both would break due to the mounting pressure from above. At 18:55 price sliced through MP, and, as I was about to turn my charts off for the day, I pulled my stop to break even therefore negating any potential loss, I also set my take profit (tp) at 13212.

On opening my charts this morning I saw that price had, frustratingly, missed my tp by the width of my spread, coming down to 13211 at 02:57, by this point it was 06:45 and price was approaching MP supported by HL's so I decided to close at 06:51/13229 for 26 pips.

GJ buy

GJ had opened as a rule 5 buy, and appeared to confirm this at 07:27 with a new session high supported by HL's. My entry, which was probably slightly too early due to the proximity of MP, came at 07:30/132.49, similar to the DOW trade I felt that there was a good chance that MP would go based on the mounting pressure of the HL's. My stop was 31 pips which left me precariously exposed just above BRN, so when price then started to go against me it was slightly worrying, at that point I shortened my stop to 132.25 which was below what I perceived as being the floor, if that area went there would be little point in seeing more pips disappear with a potential move down to BRN.

At 08:13 price began to rally and eventually broke MP to move towards R1, at this point, due to upcoming red news I decided to take my leave at 09:11/132.86 with 37 pips secured.

WTI buy

This was a slightly nervous trade as I was using my interpretation of advice that Julie gave me a few days ago, if I interpreted it incorrectly I apologise Julie.

Crude had opened as a rule 5 buy however, after initially breaching 108, price headed south. It was the initial breach of BRN that interested me, I felt that, as that area had shown weakness that MP may, in turn, show strength/support. So as price appeared to stall at MP at 08:11 I was watching closely, at 08:16/107.63 I entered my buy with a very short stop just behind MP, again due to impending news I exited the trade at 09:11/107.93 with 30 pips.

EU buy

This was another opening rule 5 buy, and similar to WTI it showed initial weakness, I decided to wait and see what would happen at pivot and BRN. At 08:20 price appeared to find support at BRN with a HL at 08:25, after seeing pivot breached on the back of progressive HL's at 08:28 I entered my buy at 08:31/1.3216, as with my other trades, due to imminent red news, I exited my trade at 09:11 with 11 pips.

So a total of 104 pips and 9.9% growth on my account is a very satisfactory mornings work, massive thanks, as always, goes to Julie!