CL Redux

nice bull flag on 1m .. if ema holds, will consider a long above .40

ADD -- BUT, 15m EMA still serving as resistance, so need to see a break of that.
 
Longed .48, break of 5m 10:20 bar, bounce off 5m EMA, closed for +30 at .78 .. I am still closing early, as 91 seems impending (actually just hit it). Pretty quick, no real heat except for initial heat. This is after a losing trade earlier on a short that took me out to the tick so I needed this one.
 
Quote from JoshDance:

Longed .48, break of 5m 10:20 bar, bounce off 5m EMA, closed for +30 at .78 .. I am still closing early, as 91 seems impending (actually just hit it). Pretty quick, no real heat except for initial heat. This is after a losing trade earlier on a short that took me out to the tick so I needed this one.
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Good trade though. We both exited a bit early.

As far as the PP goes, that's been an ongoing discussion here. I guess there are different formulas for computing them is what we've come to.
 
Quote from BCE:

Good trade though. We both exited a bit early.

As far as the PP goes, that's been an ongoing discussion here. I guess there are different formulas for computing them is what we've come to.
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Yes I need bigger wins to offset some of my bonehead trades. Or just fewer bonehead trades would do fine for me.

Your formula is correct, you're just using the pit session. I just calculated the PP based on the pit session HLC/3 and that's what you've got. I'm using the globex HLC (well, close is the same, which is the settle price at 2:30ET, but H and L are different).
 
Quote from JoshDance:

Yes I need bigger wins to offset some of my bonehead trades. Or just fewer bonehead trades would do fine for me.

Your formula is correct, you're just using the pit session. I just calculated the PP based on the pit session HLC/3 and that's what you've got. I'm using the globex HLC (well, close is the same, which is the settle price at 2:30ET, but H and L are different).
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I guess that's it, the pit session hours.
 
Quote from JoshDance:

With the earlier long all it would take is trailing the bar lows on the 1m with as much strength as it showed... kinda stupid exit on my part.
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As long as we keep learning. :)

Missed posting Short@.81 cover @.51.

ADD Obviously missed the last hour's easy money. I like more of a challenge. :p
 

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