CL Redux

That was a demonstration of awesome patience, ha!

BTW one of my rules is not to move stop till 10 ticks in my favor. I have to go sit in the the corner now :eek:
 
Quote from NoDoji:

That was a demonstration of awesome patience, ha!

BTW one of my rules is not to move stop till 10 ticks in my favor. I have to go sit in the the corner now :eek:
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That is not easy...:)
 
Quote from Good Fortune:

That is not easy...:)
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It's not so bad in a trend, but over a flat MA it's not easy, as I'm looking for some momentum on the move to break the range.

Oh and one of my other rules is not to trade a flat 20 MA.
 
Quote from NoDoji:

This is the kind of price action that turns you into a scalper, causing you to scalp 15 ticks on the position that turns out to be the REAL breakout and runs 60+ ticks without you :p

(I have SO been there)
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I think it is waiting for the all the MA's to catch up with the decline and once it gets close back down we go. A perfect trend, I guess this would be the foot to leg down #4. I'll be selling at 87 if we get there.
 

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before I started trading SIM I made a rule, trade only while trending and avoid choppy sessions. I think half the battle is won by avoiding choppy sesssions.
Glad I am following that rule.

I am also thankful to this thread that we share current market action status which helps confirm and avoid choppy sessions or be extra careful trading these sessions.
 
Quote from NoEmotions:

before I started trading SIM I made a rule, trade only while trending and avoid choppy sessions. I think half the battle is won by avoiding choppy sesssions.
Glad I am following that rule.

I am also thankful to this thread that we share current market action status which helps confirm and avoid choppy sessions or be extra careful trading these sessions.
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absolutely
 
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