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we need to break the triangle starting from 9:30ish

was that breakout coinciding with the Apple iphone fix news?

DX broke a trendline starting from 8am this morning, we should see CL go up (hopefully!!). long from 76.00, 20c stop edit: out 75.95. need to sit back and relax and wait for a break out

going flat 76.04, i think the dx is keeping us from charging up

long 76.14, 20c stop

stopped out. happy about the trade since i was able to see it through without emotionally taking profits, and if it had gone up 10 fold, kick myself again like always.

moved stop to 76.30

which oil contract trades in hundredths? :p

stop to b/e

long 76.20, 20c stop

Nodoji: Triangle, pennant, flag, wedge, etc, honestly everything looks like a triangle to me. I just try not to lose too much when I trade them :cool: Glad we saw the same thing, it means there are still SOME setups in CL even if they're few and far between.

target 76.00, seems to be a significant level today edit: nvm, out 76.30. market seems strong

trying a short, 76.30, 20c stop

flat at 76.05, and it runs away upward! mrbochin, i mainly use a 3min chart, but in my 1min chart i saw something forming, we kept bouncing off the bottom line. most probably was a lucky trade, as we're chopping so much these days it's hard to find any proper setup

set stop to B/E, probably too tight of a stop, but don't wanna lose and don't want to take teeny profits. a little mad about this morning's early head fake before crashing. grr! thx for the support Pic! are you trading today?

long 75.70, broke out of a mini triangle stop 20c

set stop to b/e @ 77.50 edit: I'm feeling a bit crazy today, will hold through fomc minutes if I don't get stopped beforehand

Waiting for the perfect setup is fine. I think if I were actually patient and waited for the perfect trade every time I'd be alot more profitable, albeit bored as hell.

i'm long too from 77.50. volume has been low for the retrace down, hopefully it picks up here for people who missed the first move up like myself

Will need to keep this in mind, the action in related markets seemed too good though.