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CL Redux
I did a special kind of analysis after yesterday's close because I'm tired of myself not taking every valid trade setup and I wanted some kind of proof that if I took not only every valid trade setup, but also EVERY potential price action setup without regard for trend or bar size or news or... -
Locm !! Pull Back Done , Ready To Break Out
Broke the longer term trend line, but sitting on the nearer term line. Pre-earnings fears? Still watching this one for post -earnings decision. -
CL Redux
Walter, on that last one, price hadn't yet tested 82.44 R level, so I felt the trade was still a bit counter-trendish following that strong run up. I expected the momentum follow through of the bar low entry would carry price through the pivot low of 82.15 and continue, if in fact the bears were... -
CL Redux
That would require work, and I'm lazy. Trades attached, Pacific time. (Please ignore that last trade where I moved my stop before the requisite number of ticks had transpired, was stopped out just about to the tick, then took a break just before it dropped very nicely through my target zone.) -
CL Redux
No one knows what will happen next. A shock event can run CL several points before your ability or any stop you may have in place kicks in to protect you. If you're leveraged because of averaging a position because you "know" price will eventually retrace somewhere "hereabouts", and a shock... -
CL Redux
This is my take on it, too. Any chart I've seen for any instrument in any time frame and from any time period, I read the same way. When people say to me I shouldn't discuss my strategies because it will dilute my edge, I really have to laugh, because there isn't anything I do that's special or... -
CL Redux
Austin, by "ticks" I mean "cents", and you are absolutely correct about sizing up. No matter how consistent I become with 1 lot, I know myself well enough to know that I would very likely manage my trades differently with size on. BlueStreek, I derived 15 ticks as my max stop when I found... -
CL Redux
I started trading CL live in April and by mid-May I settled into a particular set of strategies, spent a huge amount of time studying and honing them, and traded CL almost exclusively with few exceptions. I trade for a living and am also very much a work-in-progress. My monthly net... -
Birth of a trader
There was repeated resistance at or near 81.40 at 10:35am ET, 11:35am, 12:10pm, 1:00pm, and 1:05pm. A flag formed between 11:55am and 12:55pm, broke slightly upside, then broke slightly downside. Price then left a a lower high @ 81.30 (1:25pm bar), likely attracting short sellers, since the... -
CL Redux
This is why I settled on CL as my main trading instrument. It's so clean technically (as is 6E) and offers so many opportunities both long and short that I can screw up and make "doh!" trades and easily recover from the mistakes (my max loss is now 15 ticks per trade). What's difficult to... -
CL Redux
If I'm posting in this thread during RTH, you know we are stuck in a range :p My strategy is to buy/sell breakouts of highs/lows, position myself early for breakouts through highs/lows via pullback entries, and pure counter-trend plays using a combination of voodoo and mojo I learned from... -
CL Redux
I was short with you there @ 81.85, but out @ 81.84, failed b/o of that 2:15pm ET doji bar. I don't give counter-trend trades an inch of room. They work or they don't. But that's my personal style. There are many different styles here. EDIT: actually I see that I was in and out during that...