CL Redux

Quote from NoDoji:

Example of a breakout trade from this morning. Shorted 1 tick above the test of the low and targeted a measured move down based on the breakout of previous support (75.59) to the low I shorted (75.29), but I added 2 ticks for good measure because I've had so many targets missed by 1 or 2 ticks over the past month :eek: That turned out to be a very wise decision!
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One other thing: I used a 5 tick stop because real breakouts should have follow-through (failed breakouts can result in rapid moves against you), and I trailed the stop to the high of each 5-min bar as it closed.
 
Quote from NoDoji:

One other thing: I used a 5 tick stop because real breakouts should have follow-through (failed breakouts can result in rapid moves against you), and I trailed the stop to the high of each 5-min bar as it closed.
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nicely done :cool:
 
Quote from NoDoji:

All the thanks to you, EON; you taught me how to properly enter a breakout trade with this beast :D
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Maybe the student can teach the master ? :D


messy chart we should break 75 at some point, maybe a new high/ test of high, first
 
Quote from EON Kid:

Maybe the student can teach the master ? :D


messy chart we should break 75 at some point, maybe a new high first
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I'd say oil and euro are going to basically be following the ES today, before the weekend.

(Nice trade Nodoji) :)
 
Quote from Picaso:

I'd say oil and euro are going to basically be following the ES today, before the weekend.

(Nice trade Nodoji) :)
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Watching for ES to reverse in the 1075 area
 
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