CL Redux

Quote from NoDoji:

That's why I covered too quickly. I assumed another short covering/bounce after a 30-tick move because price had already come down so much. The violence of the next down bar sort of put "so much" into a whole new perspective!
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Attached is a chart showing why the sellstop worked. Yesterday's low was on the trendlines
 

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Quote from Speciaul_K:

Attached is a chart showing why the sellstop worked. Yesterday's low was on the trendlines
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That's why I liked that particular level for a breakout trade via a stop order. There was a magnet below that made the R:R very solid to me and the stop order places you in the direction of price movement. Very low risk/high reward.

Once crude has made a few pushes in one direction, I have trouble picking "safe" entries, so I let the market enter for me :D
 
Quote from EON Kid:

short 7778 4t stop
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I shall reveal the secret formation for the 4 tick stop trade



m-formation.gif


:D
 
Quote from EON Kid:

I shall reveal the secret formation for the 4 tick stop trade



m-formation.gif


:D
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I think NoDoji trades a similar pattern with a similar stop.

I'd heard of the rule of 10, what 60s rule? :D

Edit: Are you German? I thought it was cstfx who was German/European
 
Quote from Picaso:

I think NoDoji trades a similar pattern with a similar stop.

I'd heard of the rule of 10, what 60s rule? :D

Edit: Are you German? I thought it was cstfx who was German/European
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are you Spanish?, please call me Fritz :D


dang, look at that drop
 
Quote from EON Kid:

are you Spanish?, please call me Fritz :D


dang, look at that drop
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Yes, I'm Spanish... Fritz :D

Yeah, that sucks, but considering your previous trade today you are not authorized to complain (by order of the whining authorities)
 
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