Charts For No Reason
- Thread starter easymon1
- Start date
So you like my trade?
Cup and Handle Trading Strategy
https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-12#post-5046435
"Trading an Engulfing Candle at Support & Resistance provides greater conviction."
https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-10#post-5014575
https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-12#post-5046435
"Trading an Engulfing Candle at Support & Resistance provides greater conviction."
https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-10#post-5014575
Thoughts on CL:
1) I never trade Tuesday since Wed reports come out.
2) Yes, we have a downtrend but I did not see really bad news on CL.
3) If I am wrong on CL by being long at least gas prices might go down to make up for the loss.
4) I originally was going for 15 ticks but lost my balls and lowered target to 10 ticks.
1) I never trade Tuesday since Wed reports come out.
2) Yes, we have a downtrend but I did not see really bad news on CL.
3) If I am wrong on CL by being long at least gas prices might go down to make up for the loss.
4) I originally was going for 15 ticks but lost my balls and lowered target to 10 ticks.
Have you ever actually read an EIA report when it is released? It's insane what can go on at times. Here's yesterday's report...
https://ir.eia.gov/wpsr/wpsrsummary.pdf
And mind you, it is the third paragraph in the report that has the impact on the prices. Nothing above or below that 3rd paragraph.