11/03/2009

A Tale of Two Tuesdays

Trading is a strange business.

As of Tuesday October 27th, 2009 the Solfest Magic Blue Bar System was about to be thrown in the garbage and Solfest was about to don the Magic Blue Fireproof Coveralls and start work as a derrick hand on an oil rig.

As of Tuesday November 3rd, 2009 the Solfest Magic Blue Bars are proudly displayed to the public so his adoring fans can shower him with praise recognizing his complete domination of the crude oil pit.

2 Minute Crude Oil Charts



As for Wednesday November 4th, 2009.

Who knows.

6 comments:

daytrader233 said...

16 b/e and 3 winners?

Solfest said...

LOL

"BEs are for losers" LW

longandwrong said...

BEs are dangerous in the wrong hands. Actually, BEs are dangerous in the wrong minds.

If you moved those 16BEs to somewhere *reasoned* and *sensible* but still a minimal loss then would you be better off on average?

The only thing I know for certain is I'd be better off shutting up now!

Solfest said...

LW the bes are already gone. I don't have enough stats yet to know for sure if this is better, but I am now limiting loss in a different manner once I am in the trade.

Daniel S said...

Hi Solfest I am daniel I follow your blog a lot, since i am trying to learn to trade crude oil, Currently i am in demo with the ES and is pretty hard BUT nothing compared to CL. Can you give me some guidelines as of how you trade it, i see you use 3 MA, Do you wait for a pullback to a S/R or do you go in the direction of the candles since CL shoots ups or down FASTER than ES.

I hope you can help me a bit here.

Daniel from a Spain, a follower of this amazing blog and tool for the ones who want to learn

Thanks

Solfest said...

Hi Daniel.

If you are just starting out I would not try to trade crude oil. If you want to trade futures I would suggest you start with the YM (Mini DOW).

$5.00 per tick is easier on the wallet than $10.00 on crude or $12.50 on the ES.

That said what I am looking for is an acceleration of price in one direction, or after that acceleration a pull back and then return to the trend.

How you measure that is up you. :)