CL Journal

[helgen_1]

...I just trade the charts.

Since you have started a journal: What do the charts say?

H.

 

[Buy1Sell2]

Since you have started a journal: What do the charts say?

H.

Right now, they say long---that's why I bought--

 

[motif]

I don't know anything about Crude Oil. I just trade the charts.

That's an excellent reason to trade.

 

[Buy1Sell2]

That's an excellent reason to trade.

The reason to trade is to make money. A chartist TA trader like myself is able to trade any liquid market without any knowledge of underlying fundamentals. In fact, analyzing fundamentals likely clouds thinking when it comes to trading markets. What I do is limit my losses and let gains run to maturity. That's basically just about all one needs to know.

 

[drm7]

Long June @47.88. Initial stop 46.21.

What charts do you usually use for swing trades like this? 1 hour? 4 hour? 15 minute?

 

[Buy1Sell2]

What charts do you usually use for swing trades like this? 1 hour? 4 hour? 15 minute?

All 3 plus daily and weekly

 

[Buy1Sell2]

Long June @47.88. Initial stop 46.21.

A bit of an early setback here as price is currently 46.86. Stop remains 46.21.

 

[Buy1Sell2]

Long June @47.88. Initial stop 46.21.

Stopped out for loss of 1.68

 

[Buy1Sell2]

Long June 46.17 Initial stop 45.20

 

[recession2016]

The reason to trade is to make money. A chartist TA trader like myself is able to trade any liquid market without any knowledge of underlying fundamentals. In fact, analyzing fundamentals likely clouds thinking when it comes to trading markets. What I do is limit my losses and let gains run to maturity. That's basically just about all one needs to know.

you went long in a downtrend, pretty much what surf does