CL Redux
- Thread starter schizo
- Start date
Went long near bottom part of triangle, and missed target by a few ticks. Then got out of trade at BE. Saw ES was not breaking down, and had also made a HH, so went long ES, and also got back into CL. Got out of CL with a 6 tick loss as triangle broke, but this would have been a good time to take a reverse to a short.
Saw CL hit a support, so went long got around 10 ticks. (Note: Overall trend for ES and CL from my analysis is bullish.)
Left ES trade alone, and did something else so as not to watch the charts anymore. Heard ES hit target, was surprised how fast it made it there since ES is usually much slower than CL, thought I might be waiting all day. So now I am up for the day and took 3 trades, so am going to quit as in not to over trade.
Saw CL hit a support, so went long got around 10 ticks. (Note: Overall trend for ES and CL from my analysis is bullish.)
Left ES trade alone, and did something else so as not to watch the charts anymore. Heard ES hit target, was surprised how fast it made it there since ES is usually much slower than CL, thought I might be waiting all day. So now I am up for the day and took 3 trades, so am going to quit as in not to over trade.
The current move up is one of the #1 sources of frustration for me as a trader. I feel like when I see a good opportunity and enter on a break, my entry is ALWAYS tested. Always. Then, when looking for a pullback or a counter trend entry on something like this, we have ZERO pullbacks greater than 10 ticks in a 100 tick move up in 8 minutes. I feel like, and it's not true, that had I entered on a bar break, that would be the one that's fake and goes on a big retrace. All this out of the blue.
I was long at .06 and chose to close when it was indecisive. That's the way it's been working lately. As much so is that I've sat around in chop for hours on end, with only one or two good possibilities, and then when I'm long and close early, the biggest move of the day happens, with very little warning I might add. Very frustrating, as much as I let it be anyway.
I was long at .06 and chose to close when it was indecisive. That's the way it's been working lately. As much so is that I've sat around in chop for hours on end, with only one or two good possibilities, and then when I'm long and close early, the biggest move of the day happens, with very little warning I might add. Very frustrating, as much as I let it be anyway.