hmmm, sounds like a solid short signal to me :D
I'm calling it a week because I keep having intermittent connectivity problems with my IB platform and I had one technically perfect stock trade this morning and don't want to blow a good profit.
Big green finish to everyone!
Obviously we all have an opinion going into a trade and it's the opinion that price will go up or down in our favor.
I believe the danger is when the opinion becomes a strong opinion. I think we can all agree that there are lukewarm setups, good setups, and great setups. If you put on a trade...
I'm getting a pretty good feel for this. Getting more patient waiting for confirmed setups. My missing link is letting winners run and I think with this contract more than others that's pretty critical because rogue move against you can really get you with the slippage, so you need to make the...
I've determined that you book your gains with CL between an hour before market open thru an hour after market open and take the rest of the day off. All the momentum seems to occur there. :D
Analyzing my trade, no reason to take initial half off so quickly, momentum was solid to the downside. Dn vol this morning outweighed up vol. Lower high means most likely a lower low. I should've given the 2nd half at least a chance to test the low.
I've noticed that when you decide to put on a counter-trend trade before the lower high or higher low have been put in (which is usually the solid reversal signal, but you're afraid you'll miss the move if you don't get in now), and you place a wide stop, the price at which you place your stop...