I read your ES posts and you were spot on. Obeyed stops and targets. I think your mistake was going back to CL. Even then you're grinding it out with no substantial losses (as far as I can tell).
If you're spinning your wheels you may want to consider a way to filter your trades similar to...
And that right there is the friggin problem. They take all this assistance, and then they spend their cash on expensive electronics or other worthless goods. We need to start weening these people off this crap
You are probably one of the biggest assholes on this site at the moment...
Yup, there's a ton of overhead supply on this and sentiment is against me. Hence the 4:1 R:R.
Probability > 25% this is at least a temporary bottom for the next 2-3 candles from my standpoint obviously. Enough to get this locked in @ B/E
You as well! It's been a bit of a wash on these lately for me. I will say that.
Took the entry on the close of this 4hr candle. .9543 entry.
Stop at .9493 which is just below the weekly S1 pivot @.9503ish.
Risk 50 pips.
Target horizontal at .9762 for 220 pips.
Here's the 4hr. Intermediate term trendline is still intact.
The green horizontals outline the pin bars followed by the confirmation candle.
Engulfing, pin, harami, narrow range/doji are usually what I try to get in on.
No need for a big speech. If anyone would like to offer advice on my trade (good or bad) or contribute their trades, you're more than welcome to.
Lets get into the good stuff...
A/U Weekly chart. Had a nice reaction earlier in the week on news that was sold off hard. Looks like a key...