CL Redux

[F112358]

Quote from schizo:

The old legend has it that when Sal and Iva hooked up, they found the hoygrail.

The holy grail is sitting in my chair, but most of the time, like all newbie traders, I ignore it.:eek:

 

[schizo]

Quote from riskaddict:

great high prob trade right at R2 and using that shelf as a stop level. This is easy

That's only the half of the equation. Would you mind guessing where the next reversal would be?

 

[F112358]

Quote from riskaddict:

great high prob trade right at R2 and using that shelf as a stop level. This is easy

R2 traders at .86 were unable because the high was .84

 

[schizo]

Quote from schizo:

Now flipped short 81.80.
SL 82.10

Stop lowered to 81.85

Profit target? Hmm, how about somewhere near 81?

 

[riskaddict]

I guess that means you didn't take profit yet! 81.40 would be to obvious. But this is forming another bull flag.

 

[NoDoji]

Quote from NoDoji:

Moved stop on 2nd half to .68 (top of the current bar and 20 EMA zone

2nd half stopped @ 81.68.

 

[schizo]

Quote from riskaddict:

I guess that means you didn't take profit yet! 81.40 would be to obvious. But this is forming another bull flag.

At this stage, I'm playing with the house money so I have nothing to lose. Carpe diem!

 

[riskaddict]

Quote from F112358:

R2 traders at .86 were unable because the high was .84

ATR works for entries and exits. This isn't a perfect science just best guess.

 

[F112358]

Quote from F112358:

half at .56 stop to .71

Done. Hasta el lunes.

 

[schizo]

Quote from schizo:

Stop lowered to 81.85

Out as well. A lazy man's way of being stopped out.