CL Redux

[NoDoji]

That was the 6-month TL break. A lot of airspace below.

 

[Good Fortune]

Quote from NoDoji:

That was the 6-month TL break. A lot of airspace below.

Gaw...

 

[tzachi]

I use a 10 range chart that gives me like 2 hours back so i cannot see the 6 months TL. Thanks.

 

[InvestVision]

Today high 87.66 , low 85.66 , $2 range seen MMs round figure, so low is done for the day

Quote from tzachi:

IV, you may see it @ 85.92 soon....

 

[ammo]

cl mp

 

[NoDoji]

Quote from InvestVision:

Today high 87.66 , low 85.66 , $2 range seen MMs round figure, so low is done for the day

Never underestimate the ability of CL to do the last thing you expect it to do.

I will admit, this is the first thing resembling a pullback since the channel break.

 

[HuggieBear]

its getting to the point where you could just barrel it up and ship it across the atlantic for the premium

 

[NoDoji]

Quote from tzachi:

well, took 12, left 30 on the table but happy that not a lost of 15.

tzachi, use hard stops and soft targets. As each level breaks, trail a stop (such as just above previous 3- or 5-min bars) and let the market give you as much as it's offering. If you exit at a key level and then the move looks like it still has steam, get back in (like you did). I use the 1-min for re-entries and had one additional re-entry on that move down as it came back to the 86.06 low. I also used the 1-min chart to choose a 12-tick stop, but the breakout was so fast it didn't matter.

You're not trading to avoid losses, you're trading to make money.

I don't know how many times my mentor told me all this before I finally spent enough money trading badly to finally get it :eek:

 

[tzachi]

ND, thanks.

I use the hard stop for emergency only.

I still working on the trailing stop and think too that its the right wat to go.

 

[EON Kid]

SS 8615 .1 stp