Crude Oil Trading +1097 Ticks Profit - Short 0739-0946 on Tu.26.Jul.2011

Crude Oil Trading +1097 Ticks Profit - Short 0739-0946 on Tu.26.Jul.2011
It has been some time since I have posted any trades. I took off the end of
April and the first part of May after having my best month ever in April with
a massive increase in my account. Since then I have not had many good
winning trades. My shortened May was down a little bit and June was not
much better. In fact it has been really hard to have many losing days -
small losses, but still, losses. I followed my brokers advice and reduced
my trading size to just one contract per unit in June and have only worked
back up to the 3+2+1 approach as of yesterday. Today was a big surprise
as it turned into the kind of trade that has not been happening lately. With
some luck tomorrow could bring some more profitable trading activity.

I wanted to post some of the other good winners this month but they lasted
too long for youtube. I did not think of breaking up the whole long trade into
short segments until now. So I hope this mornings good winner is easy
enough to follow even though it is broken into sections.

I made this trade while following my broker's discretionary trading process
as he guides me (and others) through trade entry, management and exits
on a skype call.

I currently trade his 3/2/1 unit approach for adding to my position.
This recording of his commentary and the charts from my trading
computer was made with CamStudio freeware.

Thank you for watching.

Please take a moment to READ THE FOLLOWING DISCLAIMER:

DISCLAMER:
This brief statement does not disclose all of the risks and other significant aspects of trading in futures and options. In light of the risks, you should undertake such transactions only if you understand the nature of the contracts (and contractual relationships) into which you are entering and the extent of your exposure to risk. Trading in futures and options is not suitable for many members of the public. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances.
Futures
1. Effect of Leverage or Gearing
Transactions in futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract so that transactions are "leveraged" or "geared." A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with the firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit.
2. Risk-reducing orders or strategies
The placing of certain orders (e.g. "stop-loss" orders, where permitted under local law, or "stop-limit" orders) which are intended to limit losses to certain amounts may not be effective because market conditions may make it impossible to execute such orders. Strategies using combinations of positions, such as "spread" and "straddle" positions may be as risky as taking simple "long" or "short" positions.
Options

Category:

Education

Tags:

• Crude Oil Trading
• CL
• Nymex
• Energy
• Futures
• Commodities
• Daytrading
• tape reading
• price action
• Trading
• Scalping
• Chart
• Technical Analysis
• Alpha
• Risk
• Reward
• E-mini
• ES
• Nasdaq
• NQ
• QQQ
• Russell
• TF
• Dow
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• NYMEX

[jhnzy]

FREE Oil Trading Room: The time has come for me personally to demonstrate the secret code for FREE twice per month in REAL TIME inside my online trading room. I will show that I know which direction oil is going to go over and over and over again without end. You are all invited to watch a scientist demonstrate how the oil market trades via a computer program. Google Oil Trading Academy to learn more.

[tradergti]

great vid. I'd like to have this guy in my ear whilst I traded