CL Journal

[JSSPMK]

I'd say it was indeed a very nice bottom:

And today's setups did not disappoint:

You're posting a 5 minute chart in support of a trader that uses mostly Daily charts

 

[tfp]

You're posting a 5 minute chart in support of a trader that uses mostly Daily charts

Absolutely - very nice bottoms begin on 5min charts...
I don't believe in swing trading crude

 

[JSSPMK]

Absolutely - very nice bottoms begin on 5min charts...
I don't believe in swing trading crude

I tend to consider bottoms irrespective of a time frame, rather a reaction to a horizontal price level.

 

[Buy1Sell2]

You're posting a 5 minute chart in support of a trader that uses mostly Daily charts

Daily is only one of the charts I use.

 

[franT]

 

[Buy1Sell2]

Nice bottom here again.

 

[Maverick74]

Nice bottom here again.

Sooner or later you will be right of course.

 

[Buy1Sell2]

Sooner or later you will be right of course.

I have been referring to short term bottoms. Both have been good intraday long opportunities. --and yes every long term bottom starts as a short term bottom.

 

[Buy1Sell2]

Sooner or later you will be right of course.

so far 2 for 2.

 

[Maverick74]

so far 2 for 2.

Every bottom you called made a new lower low. You are 0 for whatever....