CL Redux

Quote from NoDoji:

I think scaling in and out is a great strategy, but I prefer to trade all-in/all-out because I trade the individual price swings. For example, in yesterday's move up I had several long trades, but in between, I had a short trade. If I'd been scaling in and out, long-only, I would've been reducing part of the position on the failure to reach the initial high of the day, and possibly scaling back in to the long on the pullback to the moving average. Instead I was exiting on the failure and reversing to a short position for the pullback (just in case it decided to retrace the entire move up, which CL often does for no particular reason).

ADD: My market timing is just the result of using technical price levels that are honored more often than not. It's a probabilities game and I try to find levels that are commonly worked. In CL these levels are very often honored to the exact tick.
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I also lean towards the all-in/all-out camp. The problem with scaling in/out is that it really is alot harder than most people think. What usually happens is that you may end up averaging down and screwing up. Whereas the all-in method implies that you always got your stop immediately entered with your order so less prob to screw up.
 
Quote from NoEmotions:

price actions does not look good to me but it did respect the 87.27 resistance...
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The chart looks ugly, but price is (mostly) honoring the channel, as IV demonstrated with a precise channel line exit on that short position.
 
Quote from NoDoji:

The chart looks ugly, but price is (mostly) honoring the channel, as IV demonstrated with a precise channel line exit on that short position.
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Looks like it may hold up until SPX/ES hits 1300
 
Quote from NoDoji:

The chart looks ugly, but price is (mostly) honoring the channel, as IV demonstrated with a precise channel line exit on that short position.
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Yes so far I concentrated on trending and reversal signals overall , new weekend task to identify channels and run atleast visual backtests ... shit i am busy next 3 weekends I hate this

EDIT: I have a mental block , cannot trade unless I have backtested. I treat my SIM acct as my real acct , so I take no chances.
 
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