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I'm thinking same thing for the big picture, but nothing to hang the hat on here.

I've noticed CL runs up hard on "bearish" report and sells off hard on "bullish" report. Clearly there is secret info in those reports other than face value.

I had my buy and sell stops in place early on, but didn't have a hard 20-tick target and it stopped me out b/e after 21 ticks :(

Wow. Language. Yesterday I threw a pen. :D

Assuming you placed a protective stop that makes sense, when stopped out for a loss it means the setup that got you in the trade in your particular time frame isn't valid any more. As yourself if it makes more sense to wait for a new entry in the same direction you were playing, or if it makes...

If it makes you feel any better, I sold a low tick early this morning because I didn't wait for price to confirm an entry by placing a stop order at the proper level. Amazing how that 1 tick made all the difference between a winner and a loser. I, too, had a short bias (surprise, surprise)...

Ha ha, thanks! I, too, am watching this one carefully for the IRAs. I just closed out a nice swing position in them and am ready for something new and exciting :p

I define a failed breakout when price approaches a previous support or resistance area, breaks through it 1-5 ticks and retraces back through the breakout price. The 8:40am PST bar broke through the 8:35am bar high (which took me out of my 82.62 short b/e after running just shy of my 20-tick...

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Good to hear that! You are a different trader now than you were when you started trading CL and had a choppy negative experience. You have a much better understanding of price action and what to look for in setups. You're a very different trader now with valuable knowledge. You now...

I accidentally had a 47 minute trade today. I would've taken my profit too soon but became totally engrossed by this stock CDTID that was immensely entertaining to watch as it kept hitting highs with a 1.00+ spread. By the time I looked back at my trade it had broken a key level and I patiently...

1 contract CL is like trading 1000 shares of stock or a couple contracts ES, so I recommend avoiding averaging down, placing ridiculous stops, chasing entries if you miss a move, revenge trading, etc.

If you ever choose to trade CL live, don't cheat. CL is not forgiving like ES.

Curious what was your signal to exit this trade @ 82.75? 82.75 was 1 tick above previous resistance, so your target on the long position would be at least 20 ticks higher or a breakout through the overnight high. You would expect a breakout of the high once price broke 82.74 because of price...

I was also waiting for a pullback to enter short, because the earlier price action was making shallow up and down moves and I expected that to possibly continue in a stair-stepping fashion. The reason I jumped in short @ 82.75 in the middle of a bar was that I was watching the 1-min chart...

I agree, Kid owns this thing!

Glad I could be of assistance there :D

"1-min chart, scalp the range" alert. I'm stepping away from my desk now for a few minutes.

I had a similar one, counter-trend short off the 1-min, stopped b/e, then it drops straight through my target. I then try again without waiting for 1-min confirmation and stopped out for the 12-tick loss. Pissed! Try again and finally get my 20-tick target. What a waste! Oh and by the way...

I never look at a 50 or a 200, but I've heard a saying a lot: Never short above the 50 MA and never buy below the 50 MA. So price is above it right now and it's flat coming off a very sharp selloff this summer. As I said, I'd look to buy on a show of strength (price trades above 4.65) for a...