CL Redux
- Thread starter schizo
- Start date
i have a diagonal up trend line on 5 min chart starting from 3 am or so. too busy to post chart.
CL is being tricky today. ES is in uptrend. CL seems to be in an uptrend but not as defined.
At minor resistance, which was slightly breached to upside I was watching my indicator for a short entry, but was too slow, and we got an engulfing red candle to the downside.
At this point minor support becomes breached slightly and I am looking at my indicator for a long sign but not getting one.
We get a nice engulfing green candle that was fast and strong. I get in on a pullback to 91.68, but probably should and could have gotten long on limit at 91.65. CL does not go to my target.
So I tighten up both targets and stops and get out a profit. CL then falls back to support, and really I should and could have gone long again at this point, but my nerves are shot. CL as I am typing blows past my previous target to the long side with great momentum and makes a HH.
Thoughts on trade is that if I went long at .65, I could have left standard target and stop, and eventually would have hit target. Or I could and should have gotten long again at support after getting out a profit. I am glad though I did not chase the market.
At minor resistance, which was slightly breached to upside I was watching my indicator for a short entry, but was too slow, and we got an engulfing red candle to the downside.
At this point minor support becomes breached slightly and I am looking at my indicator for a long sign but not getting one.
We get a nice engulfing green candle that was fast and strong. I get in on a pullback to 91.68, but probably should and could have gotten long on limit at 91.65. CL does not go to my target.
So I tighten up both targets and stops and get out a profit. CL then falls back to support, and really I should and could have gone long again at this point, but my nerves are shot. CL as I am typing blows past my previous target to the long side with great momentum and makes a HH.
Thoughts on trade is that if I went long at .65, I could have left standard target and stop, and eventually would have hit target. Or I could and should have gotten long again at support after getting out a profit. I am glad though I did not chase the market.
i dont smoke but i need a cigarette after sitting thru that long from .61. just exited at .03. now that i'm out it'll probably rip another 50 cents.
edit: shiettt.
add: double shiettt!!
add2: nice trade Vis. i wasn't laughing at your trade at all.
edit: shiettt.
add: double shiettt!!
add2: nice trade Vis. i wasn't laughing at your trade at all.