CL Redux
- Thread starter schizo
- Start date
I put a line alert on CL at 76.21, and then I forgot I changed the chart to NG in order to study NG. I saw then that CL broke above 76.21, which to me makes CL more bullish, and that it had run above 76.40 before pulling back. So I bought at 76.28 and gave it around a .15 stop to give it room to breath with a scalping target of 76.38 although I thought there is no resistance at least to 76.40, and my target should easily get hit. Market did pullback below my entry price but did not hit my stop and I did not average in, and then it of course went back up to 76.40.
Probably the only mistake I had with trading today was not letting my winner go to target on ES. I got in the trade and ES pullback right away and I got scared and only took .50 once it went back into a profit. The only way I think I can avoid this issue, is either prick a price I want to get into the trade either above or below the current market price rather than going in on market. I been going in market since I don't want to be left behind once I predict what I think the market will do, but I think I will take less heat in the future if I do it better.
Probably the only mistake I had with trading today was not letting my winner go to target on ES. I got in the trade and ES pullback right away and I got scared and only took .50 once it went back into a profit. The only way I think I can avoid this issue, is either prick a price I want to get into the trade either above or below the current market price rather than going in on market. I been going in market since I don't want to be left behind once I predict what I think the market will do, but I think I will take less heat in the future if I do it better.
trying a short 76.40, stop 76.53
build in crude, oil goes up?
Crude is like gold, it has more value based on how strong currency is and what is happening with interest rates and overall world growth. Also, TA is important.
