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Price action is tedious here. We're at a pretty major support zone and the breakouts to the downside are not very strong any more. Not enough follow thru either direction right now for me to trade further. I'd like to see a solid push to retest the low and then maybe play the bounce. Too much...

ES is much more forgiving than CL if you average down against a trend.

Forgot to do the Schiz flip!

Thnx, I'm in your "sniper" mode, being very patient for setups. That helps a lot. I'm trading more than one lot occasionally. Traded 2 lots earlier, then last two trades only 1 lot. Yesterday was kind of funny, because I was initially looking to catch a dead cat bounce and I was ready to...

Out @ 80.49 at the falling 20 MA

Went long @ 80.33 off the 1-tick failed breakout of prev S (80.16), delayed post because my tea kettle screamed at me :D My stop is at b/e now and if stopped out so be it! Playing the target by ear, only 1 lot.

OK, taking a food break, had good workout last night and must've burned all my caloric reserves. I expect to return and find price back at the low - lol

Yes it was a good setup, failure to break thru the now falling 20 MA and price at the previous bar's low. I got so used to yesterday's quick follow thru to the downside, I moved my stop too quick. A bit peeved on this one because I was targeting .33 and it would've worked out nicely.

Stopped out, too quick with the stop this time, damn

sh @ 80.59, stop to b/e already

Blah! Bennie, did you take that signal??? That's our favorite short signal!

"A bad day fishing in that smelly CL beats a good day working."

It wasn't a failed b/o because it didn't yet test next R, but that shooting star it left behind was a good signal for a counter-trend scalp and possible reversal setup. I didn't take that trade because the stop was at my upper limit and I'm not all that crazy about counter-trend trades except at...

For anyone who cares, my initial stop was going to be 80.70 (low of my entry bar), but I quickly moved it to b/e in case of a failed breakout violent reversal, which I've seen happen before.

He was just using your broken crystal ball to pick a bottom :D

Normally I look for test of next S/R level in line, in this case I was looking at my 3-min chart and next R was .21. 5-min chart, next R was .40 which is where I'd normally target had I been paying better attention! The initial attempt was failed b/o which is why I took some off the table...

Out remainder 81.20, oops used the 3-min chart for next R level instead of the 5-min!

Half off @ .93, didn't like the failure of that breakout to follow thru hard

long 80.82, stop to b/e target breakout

That's a strong advantage of a hard stop, and the stronger your opinion of where price will go, the more important it is to have a hard stop, IMHO, because there's nothing worse than price turning against your opinion in a big way and there you are without a real plan.