CL Redux
- Thread starter schizo
- Start date
close .56
so we concluded day with Down BAR , let us see for 106.50 or 107 tomrrow Friday close based on where events stands tomorrow.
so we concluded day with Down BAR , let us see for 106.50 or 107 tomrrow Friday close based on where events stands tomorrow.
good one.
the drop is strange for after pit session close, any news event etc.. ?
the drop is strange for after pit session close, any news event etc.. ?
My stop loss is .20 (or less if indicated), and I imagine if I were to have 3 losses in a row off valid setups, I'd stop and evaluate whether the market and I were in sync that day.
I'm a price action trader so I only enter trades in the direction price is moving, making it difficult to have back-to-back losses. I'm sometimes guilty of bad trading, though, and have had back-to-back losses by not following my rules. It's been a while since I've done that. Touch a hot stove enough times and eventually you'll stop touching it
Technically, price bumped its head against the 60-min 20-bar EMA, which earlier served as support. Maybe a lot of short term traders expected the LOD to be retested when that happened and all the longs headed for the exits, creating a self-fulfilling prophecy of the LOD being tested.
Next support levels in the mid 104.00's if the existing low breaks.
sim acct
----------
Trade #8 : Long 105.20 , lots 2 ( adding ST/PT for earlier trade)
STOP: 104.38
Target : 106.45
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03-24-11 09:57 AM
sim acct
----------
out 105.20
Trade #7 net: 106.25 - 105.20 = $1.05 x 2 = $2100 (profit )
comments: on STOP side , after short it hardly moved 20 ticks after Entry
reverese long 105.20 , lots 2
--------------------------------------------------------------------------------
Quote from InvestVision:
sim acct
--------
Trade #7
Short 106.25 , lots 2
--------------------------------------------------------------------------------
----------
Trade #8 : Long 105.20 , lots 2 ( adding ST/PT for earlier trade)
STOP: 104.38
Target : 106.45
-----
03-24-11 09:57 AM
sim acct
----------
out 105.20
Trade #7 net: 106.25 - 105.20 = $1.05 x 2 = $2100 (profit )
comments: on STOP side , after short it hardly moved 20 ticks after Entry
reverese long 105.20 , lots 2
--------------------------------------------------------------------------------
Quote from InvestVision:
sim acct
--------
Trade #7
Short 106.25 , lots 2
--------------------------------------------------------------------------------
hmmm..
- after pit session close it is all market makres watching some Netflix movies waiting to go home , I doubt any serious tradres trade there ( based on any day volume after pit session close )
- long headed exists : tomorrow is friday with all these geo political issues I doubt longs get panic on thursday evening on a down day .
- technical works great in pit session , after that with so thin volume i do not know how much technicals can play a role in that 1 hour thin volume after pit session..
- after pit session close it is all market makres watching some Netflix movies waiting to go home , I doubt any serious tradres trade there ( based on any day volume after pit session close )
- long headed exists : tomorrow is friday with all these geo political issues I doubt longs get panic on thursday evening on a down day .
- technical works great in pit session , after that with so thin volume i do not know how much technicals can play a role in that 1 hour thin volume after pit session..