CL Redux
- Thread starter schizo
- Start date
Glad at least CL is still trading today, although it did not seem like it was when I started watching it.
However,was able to grab 10 ticks of profit counter trend trading.
However,was able to grab 10 ticks of profit counter trend trading.
I didn't trade today, but this morning I did my daily bar-by-bar analysis with entry/stop/target and immovable stops, without having seen any of the chart in advance.
I took 9 out of 9 qualified setups immediately upon close of the 5-min signal bar.
Six trades with-trend produced 104 ticks profit.
Three trades counter-trend (but with valid potential reversal signals) produced 3 ticks loss.
The trend is your BFF
I actually saw a nice trend trade but was not awake to take it since I slept through the opening which was 6:30 am my time.
Quote from NoDoji:
I didn't trade today, but this morning I did my daily bar-by-bar analysis with entry/stop/target and immovable stops, without having seen any of the chart in advance.
I took 9 out of 9 qualified setups immediately upon close of the 5-min signal bar.
Six trades with-trend produced 104 ticks profit.
Three trades counter-trend (but with valid potential reversal signals) produced 3 ticks loss.
The trend is your BFF
http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html
is a good website to see what months are being traded with vol for cl future and avoid having your broker call you warning about getting oil being send to your home if you stay in overnight after expiration.
is a good website to see what months are being traded with vol for cl future and avoid having your broker call you warning about getting oil being send to your home if you stay in overnight after expiration.
Maybe your chart is wrong, since I see 19757 as total number of contracts traded from open to close based on the website.
For me it will be very hard to sh today, I am expecting a breakout of todays high, hopefully after 10 AM.
