Looking at the chart and not my indicators especially since I have been trading es and don't have cl setup.
1) Close to previous high, short seems good there and it did work out.
2) Although it worked out, I would not have bought there unless I had an indicator telling me to go long since I can not tell market made bottom.
3) There is no number 3, suggesting a lack of ability to count by person posting chart or trader is sniffing coke or downing shots when he or she trades. For future reference 3 comes after 2 and before 4.
4) Market looks like it hit a trend line and is bouncing off of it, so good entry, if you felt market was in downtrend, you could have stop of either last spike high for conservative, or above number 1 if you want a more loose stop in order to prevent getting stopped out or if you planned to average in if it went back up to 1.
5) Yes, you thought it might double bottom, but I would have stop right under that since if this support broke, it was going lower which did happen.
6) You were bottom picking, I don't like this play unless I had my indicator tell me that market was getting oversold at that point. Also, vol not included so we can't tell anything and I would not have taken that trade just based on the chart.
7) I think I would have been looking for market to go back up to 4) and just based on the chart I would not have taken it, but if you did stop above 4 would have been ok.
8) You saw market reversing back up, for this trade I would only have taken it with my indicators since my problem is you could have been chasing, but overall good buy.
9) I guess you had your coke break, and got confused again like in number 3, maybe indicating over trading or not posting since it was a losing trade.
10) & 11) both good trades even though your labeling of 11 before 10 indicates that the drugs are still in your system. Yes, I would have taken 1 of those trades and hoped I was not stubborn if they did not work out, stop could have been a little above but with enough room in case someone was stop hunting. I would target 12 as the exit or target price.
12) I would have exited here but not reversed.
13) You got 2 of them, I am not going to comment.
14) No, I would not have taken it, looks like a wild guess.
15) I do like it as a possible double bottom. I would take it in real money if I woke up late and did not take the other trades. I would sim it if I already had a good day.
All drug references should be taken as joking
Quote from schizo:
Alright folks, to continue with the exercise from yesterday, here's the chart of today's PA. The yellow and blue boxes indicate the sell and buy areas, respectively. Please give your input as to why those places were chosen and, moreover, are they good or bad in your opinion.
