CL Redux
- Thread starter schizo
- Start date
Indicators are not working very well right now. Trend is currently down but still made some money on long trades. Did 3 scalping trades.
1) Traded long CL, was going for more ticks, but then it looked like it was going to break to downside so killed for a small loss.
2) Saw support on candle I got out on, so got back in at a slightly higher price, and then got out again at a profit which was higher than my loss
3) Went long 6E on comments from CNBC Pro that Euro may raise rates and possible bounce off of double bottom. Trade went a little against me, then got out with small profit near level of small resistance which I was originally hoped would break to the upside.
I do feel like trading more, but now I feel I may be gambling since I already did 3 trades which has been around the limit I like to do for now, so thinking about calling it a day especially since I am now profitable. I seem to have a bias lately to the long side and although the market is up for the day, it seems to want to correct since earlier in the day. I don't like how both ES and CL made LL since getting out of my long trades.
1) Traded long CL, was going for more ticks, but then it looked like it was going to break to downside so killed for a small loss.
2) Saw support on candle I got out on, so got back in at a slightly higher price, and then got out again at a profit which was higher than my loss
3) Went long 6E on comments from CNBC Pro that Euro may raise rates and possible bounce off of double bottom. Trade went a little against me, then got out with small profit near level of small resistance which I was originally hoped would break to the upside.
I do feel like trading more, but now I feel I may be gambling since I already did 3 trades which has been around the limit I like to do for now, so thinking about calling it a day especially since I am now profitable. I seem to have a bias lately to the long side and although the market is up for the day, it seems to want to correct since earlier in the day. I don't like how both ES and CL made LL since getting out of my long trades.
Here we are with last Wednesday initiated CL strength ...
short 102.75