CL Redux

Quote from tomahawk:

w/trend meaning some higher timeframe? - (5min EMA's all over the place today, so what is "trend"? :) ...) Seems a perfect day for fade tactics, whatever they might be.
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I see the trend as down starting with a key reversal signal off the 12:15pm bar and full confirmation by way of the 12:35pm bar (5-min chart). I was busy being fully distracted and missed that confirmed signal and the subsequent move down and got nothing but the last 2-odd pts of it

Did catch a nice ride from 49.25 to 47.25 and then 45.00 for the remainder. That was based on the price hitting its head against the falling 20 EMA signal (1:55pm bar).
 
Quote from NoDoji:

I see the trend as down starting with a key reversal signal off the 12:15pm bar and full confirmation by way of the 12:35pm bar (5-min chart). I was busy being fully distracted and missed that confirmed signal and the subsequent move down and got nothing but the last 2-odd pts of it

Did catch a nice ride from 49.25 to 47.25 and then 45.00 for the remainder. That was based on the price hitting its head against the falling 20 EMA signal (1:55pm bar).
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Gotcha ... for some reason I had the impression you were testing it in the morning, when things appeared a bit more ragged.

(To Schiz ... apologies for the thread detour.)
 
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