closed LONG at 39.90
5% - 10% profit per day trading
- Thread starter spanish89
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closed LONG at 39.90
Quote from spanish89:
Where is everyone?? lol
Anyone made any trades yet??
im extremelty tempted to sell oil now at 41.86 with 20ticks stoploss, target down at 40.86
since its made a head n shoulders.
But dow is now riisng form its lows though, and i dont want to lose 20ticks...
Thats why I didn't trade CL today. Its still too choppy. I am waiting for a general break out in commodities, which I expect to see this week. All we need is that 1st jolt to get oil moving again.
I am going to trade tomorrow regardless of how the market behaves. I am tired of standing on the sideline. I am going to try to scalp .20 to .40 moves on the 1 min bar. I might use MACD for this, even though I made a new year resolution to never look at that terrible indicator again. I think MACD is somewhat useful on very short term basis. I'll put it to the test tomorrow.
I am going to sleep early tonight so I can get up early tomorrow morning and trade the transition from London to NY session.
I am going to sleep early tonight so I can get up early tomorrow morning and trade the transition from London to NY session.
I saw it make its double top in the cat's ears formation,
and i strongly considered selling at 42.26 with target 40.86...,
But it looked too risky as market could have easily risen up 20ticks and then would have broken the highs of the day, taken out stops, and rocket up to 43.26 where my sell order was at.
I have had alot of very deep sadness in my personal life yesterday evening though,
and so today is just going to be about getting through the day while drinking as much as i can to keep myself out of reality.
I will trade if there is a perfect opportunity, but dont care anymore if i dont get any trades all week again.
The levels i need are 37.86 or lower to look for a buying formation to form,
and 43.26 or higher to look for selling down the spike for when it pullsback.
and i strongly considered selling at 42.26 with target 40.86...,
But it looked too risky as market could have easily risen up 20ticks and then would have broken the highs of the day, taken out stops, and rocket up to 43.26 where my sell order was at.
I have had alot of very deep sadness in my personal life yesterday evening though,
and so today is just going to be about getting through the day while drinking as much as i can to keep myself out of reality.
I will trade if there is a perfect opportunity, but dont care anymore if i dont get any trades all week again.
The levels i need are 37.86 or lower to look for a buying formation to form,
and 43.26 or higher to look for selling down the spike for when it pullsback.
I just got up. I am feeling good.
I am gonna scalp cl today
I am gonna scalp cl today
i see 1st resistance around 40.80ish
I'll problly do a quick short if we get there.
I'll problly do a quick short if we get there.
spanish, have you checked out a chart of Natural Gas? Its got a nice bottom formation there. I wished CL would follow
40.86 will be reistance..
but i will be looking to try getting it nearer to 41.26 and then sell down to 40.62
isnce its now at 40,26, if it rises it will be a pendant formation and so should be able to rise more than 40ticks when it takes out the current days high.
so i want 41.26
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