CL Redux

Quote from mgmaggie:

I know oil can have crazy moves but so far today we have not even had a little drop. I got in when I saw GC dropping and when GC was down 6-7 dollars I expected to see oil drop at least 50 cents or more. It did not even drop 20 cents. Usually at some time in a day CL trades in a range but so far today notta.

My mistake, I'm a big girl.


So you expected a move and the conditions were right, by your system. So when you don’t see any fluid 1minute bars with little overlap and expanding range, and instead you get overlapping small bars with little gains to the downside not holding their ground, this is an exit signal. Look what followed, the signals were not lying!
 
Quote from riskaddict:

adding to short at 77.25 which was my original target anyway :D

Got a limit order in to cover at 76.40 if you guys could push it down to there while I'm at work I would appreciate it:p
 
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