CL Redux

For all the the trend traders, I've been a opening range breakout trader, and I've been successful, (could it be more I stick to my rules), but anyway, my point is that most of you here, or probably all, follow a the trend, today I was giving it a try to add it to my strategy to the trend of lower lows, on a second and third bar and same thing for higher highs.

Now my question what you guys look for in a trend as entry point is in 5 min bar to make a the low of the last bar as entry point short if is a trend developing, or a high of the bar if is a long entry point?

Thanks for the help.
 
Quote from mrbochin23:

For all the the trend traders, I've been a opening range breakout trader, and I've been successful, (could it be more I stick to my rules), but anyway, my point is that most of you here, or probably all, follow a the trend, today I was giving it a try to add it to my strategy to the trend of lower lows, on a second and third bar and same thing for higher highs.

Now my question what you guys look for in a trend as entry point is in 5 min bar to make a the low of the last bar as entry point short if is a trend developing, or a high of the bar if is a long entry point?

Thanks for the help.
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I dont trade 'bars' , however have you got Al Brooks book, Reading Price Charts Bar by Bar ? He talks about entries on a running trend.
 
Quote from NoDoji:

Sadly, did not catch that one, but caught the one just a few mins ago, took 23 ticks
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I was setting up the offset of my stop-limit order when I started getting paranoid about resistance in the .60-.80 range and the pre-market sudden drop and I canceled it. :(

Did you go through a similar over-thinking, you just happened not to be paying attention at that moment or do you have some hard-coded rule for taking/not taking breakouts? (Not asking for the rule or any specifics - just if not taking the trade was deliberate or not - thank you kind lady).

Edit: Nice trade up there, btw.
 
Quote from EON Kid:

exit 7851


dang should've held
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Tell me about it! I thought I was the bees knees for capturing 78.67 to 78.35 and then it basically fell out of bed without me.

EON, you could've charged admission to your entry on the long leading into he breakout!
 
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