CL Redux

Quote from NoDoji:

Daily chart sure looks bullish IMHO.

Yes, but above 83.57 would make me feel really good about it. I measure about 92 as the next stop, should it go.
 
sim

+.89

(not exactly the run I was expecting, but...)

:16 stop to be

stopped out

Is it me or it's been a quite choppy day in oil?
 
SIM
Net + $ 50 ( ideally it should be +110 , but DOM had issue and filled me beyond my price, it wasn't BO normal middle bar )
Total Trades: 16 ( 5 trades I did when I was on phone , not to repeat this mistake, lost good chunk of SIM $$'s )
 
Quote from Picaso:

sim

+.89

(not exactly the run I was expecting, but...)

:16 stop to be

stopped out

Is it me or it's been a quite choppy day in oil?

There might be an edge in moving markets.... Check this ER2 chart. :D

Smells so much like cash over here I can hardly contain myself.... :p


Edit: Just to be clear, I don't necessarily mean now, today, but just in general that if crude is not trending that day, or acting funky, maybe moving to a market that is so obviously working your way might provide an edge. I keep my eyes on both, fwiw.
 

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Quote from Picaso:

Is it me or it's been a quite choppy day in oil?

It's been near impossible to trade using my standard 5-min tactics, but I switched to a 1-min chart. Even so, I had a trade today run 17 ticks my way, stop me out near b/e almost to the tick, then run right on down through my target (without me). Days like this the 1-min chart is really helpful.
 
NoDoji,

What would your win/loss rate be with and without using b/e? For consistency sake, I guess you'd exclude the b/e trades in determining the current win/loss ratio. For example, if you had 13 trades (6 wins, 4 losses, & 3 b/e), then the calculation would be 6/10 (60% win rate) & 4/10 (40% loss rate). This would more equitable compare to a trading strategy that did not have a b/e choice.

thanks,

Walt

Quote from NoDoji:

It's been near impossible to trade using my standard 5-min tactics, but I switched to a 1-min chart. Even so, I had a trade today run 17 ticks my way, stop me out near b/e almost to the tick, then run right on down through my target (without me). Days like this the 1-min chart is really helpful.
 
Quote from gov:


Edit: Just to be clear, I don't necessarily mean now, today, but just in general that if crude is not trending that day, or acting funky, maybe moving to a market that is so obviously working your way might provide an edge. I keep my eyes on both, fwiw.

Natural gas had a nice mid-day move today as well - about 140 ticks in only an hour. Not nearly as liquid as CL, though.
 
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