CL Redux

[mrbochin23]

Quote from frank8800:

Stopped out. Looked like it was forming a double top from the 7am high, we had 2 strong down bars that brought it for a close below the 20 ema. Entered at the open of that bar under the 20 ema. Loser.

So far today we don't have a trend, we are moving in a range.

 

[Picaso]

Quote from frank8800:

I'd be happy to swap trades with you. All of mine have been losers. Someone needs to learn to stop trading against the trend.

You're just having a bad day, happens to the very best. Yesterday you were doing just fine.

Today we're not having much follow-through, so if you're trading momentum you're gonna get burn<u>t</u>. So far what has paid has been to fade strength going short and weakness going long (apart from the first half hour which was the long of the day for now). Edit: notice I'm the master of hindsight

 

[frank8800]

Quote from Picaso:

You're just having a bad day, happens to the very best. Yesterday you were doing just fine.

Today we're not having much follow-through, so if you're trading momentum you're gonna get burn. So far what has paid has been to fade strength going short and weakness going long (apart from the first half hour which was the long of the day for now). Edit: notice I'm the master of hindsight

Thanks for the encouragement. Still makes me want to climb a tower...

 

[NoDoji]

Quote from Picaso:

You're just having a bad day, happens to the very best. Yesterday you were doing just fine.

Today we're not having much follow-through, so if you're trading momentum you're gonna get burn<u>t</u>. So far what has paid has been to fade strength going short and weakness going long (apart from the first half hour which was the long of the day for now). Edit: notice I'm the master of hindsight

You're right Picaso, it's more of an anticipatory fade day, because the breakouts are poopoocaca (sorry to use such a highly technical term).

EDIT: Now that I said that, CL should break out 90 ticks...

 

[Picaso]

Quote from NoDoji:

You're right Picaso, it's more of an anticipatory fade day, because the breakouts are poopoocaca (sorry to use such a highly technical term).

EDIT: Now that I said that, CL should break out 90 ticks...

LONG MAX SIZE, target 90 ticks

...



Was missing you already

 

[frank8800]

sim long 74.85 .25 target .15 stp

Steady creep up on increasing volume

 

[frank8800]

Quote from frank8800:

sim long 74.85 .25 target .15 stp

Steady creep up on increasing volume

Moved stop to BE+2

 

[Picaso]

No stop-run yet

 

[riskaddict]

Adding to short at 75 which I exited all way back at 74.12. Will add again at 75.75

 

[frank8800]

Quote from frank8800:

sim long 74.85 .25 target .15 stp

Steady creep up on increasing volume

Out 75.10 +25 ticks. Looks like a runner now.