CL Redux

Quote from enochbenjamin:

Is that a 5min chart?
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Yes a 5-min chart. Look at the 10:45am bar, that was bar 3 and not a very strong breakout through bar 2 before pulling back.

I really can't believe with the strength of the initial breakout that price pulled all the way back to the 20 EMA on the first try. I'm muttering to myself for targeting off the 3-min chart...
 
Quote from startraitor:

I think the upside action from the 23rd created an airpocket there for the breakout. Stopped and retraced much like the 23rd as well.
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K really smelled that breakout nicely in advance. I'm in awe :)
 
Quote from NoDoji:

K really smelled that breakout nicely in advance. I'm in awe :)
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Thanks, I am clueless now. Im leaning towards short the rallys. If it was bullish it should not have broken down this bad
 
Quote from Speciaul_K:

Thanks, I am clueless now. Im leaning towards short the rallys. If it was bullish it should not have broken down this bad
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I'm with you 100%. Woulda been short again off the lower high had I not committed the cardinal trader's sin of taking a tea break just because I had a profitable trade. :D
 
Doji nice short, how many contracts you had ? I shorted 83.95 out for .25 ticks :( . 1 contract .. my limit order got filled before i was able to cancel it lol
 
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