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OK, now I see a good r:r short entry on 5 min chart, but again this has nothing to do with what I posted in the beginning :) TL cluster taken out, ought to help with your short Usman

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1780865>

Short 1348 off 3, seeing a wedge Scaled out +2 Stopped out b/e on 1/3, funny thing is I bang on about seeing report outcomes in histo on short term charts & missed 1 min's lead into 1.30 report, sick

Scaled out 1/3 near enough break even

Good luck with that short, I don't know what today WILL bring, all I see is that conditions are favourable for a breakout, I use same criteria intraday as depicted on that chart, nothing wrong with counter trend trading, as long as you buy lo & sell hi. I don't know whether price will actually...

I agree on 2 and disagree on 1, no way to know this for sure, I also daytrade mainly. This thread has nothing to do with daytrading though.

TY! Fair enough, I hope you would agree that IF price is to re-test $100 it would be unlikely to expect it to happen in 1 day :) Also I would add here that it's all well to point out what's been happening so far, I refer to what I am seeing at the moment that MIGHT effect tomorrow.

Scaled out for just under $2 gain

1/3 +$9 & change and reversed position for Short, current $901-902, stop near a buck considering this is an unconfirmed DT. Looks wedgy

Price starting to move as I post this <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1780804>

ImO Crude is poised for re-test of $100 range, it's now trading around $88.4, will post chart in a little while.

Being careful here with a potential of a DT, watching a cluster of TLs & histogram for a reversal pattern hehe, DT traders squeeeeeeeeeeeeezed

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1780777>

Obviously I don't know whether it will or won't right here, I am simply saying that if you see a high probability set-up, then histo might help out to see momentum building up, crawling back into the cave :)

ImO when yo say high probability it wouldn't hurt to look at 1 min histo since you use small stops, obviously you know your stuff, so just an advice here, 1 min histo is about ready now.

1 min histo pointing to upside momentum build up

That's gutsy size considering AH, all the best!

Scaled out of trade just under +$7 1/3 position left on expecting re-test of highs

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1780713>

Looks like buyers are in now, Go GOLD!!!