CL Redux
- Thread starter schizo
- Start date
it looks like a leg down at this stage, but its lunch so who knowsSIM
Last week I had decided I will go with the trend only but was still looking at 1 min more often and small stop of 10 ticks. Got screwed.
yesterday at one point I was down 900 but later just looking at 5 min chart was able to get back 700.
1 min causes much more trades than required which makes my PnL RED.
but on 5 mins I will have to increase my stop which is fine.
So today I thought I will only trade looking at 5 min chart and extremely less focus on 1 min....
listening to the Price Action King ( Al brooks ) and Queen ( No Doji ) ... of separate kingdoms.....
Today so far only 2 trades and +500
Last week I had decided I will go with the trend only but was still looking at 1 min more often and small stop of 10 ticks. Got screwed.
yesterday at one point I was down 900 but later just looking at 5 min chart was able to get back 700.
1 min causes much more trades than required which makes my PnL RED.
but on 5 mins I will have to increase my stop which is fine.
So today I thought I will only trade looking at 5 min chart and extremely less focus on 1 min....
listening to the Price Action King ( Al brooks ) and Queen ( No Doji ) ... of separate kingdoms.....
Today so far only 2 trades and +500
Yeah, I have 88.20, 87.80 and 87.40 all as buy zones (and I try to keep 0.80-1.00 between zones, but there's some congestion here.
The question is whether it's consolidation for a push up or distribution before we start tanking. Glad not to be a swing trader here.
I'm gonna keep trying buying the bottom (and/or freezing
), I think we're going to rebound to 88.60-ish. I see downside limited to 87.40.Where's NoDoji? She must be fuming with IB's new TWS version.
