CL Redux

For you longer term players, 60 min Double Bottom forming, wonder if it plays through or fakes in more longs to screw. we'll find out soon enough.

Indexes also forming 60 min DB , just heads up and observation.
 
Quote from Laissez Faire:

If so, we should see 97,00 fairly fast, no? :)
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Anything can happen at any time but If I were a betting man I'd be looking for setups in the long direction on smaller timeframes :)

My 2 cents
 
Quote from Zr1Trader:

Anything can happen at any time but If I were a betting man I'd be taking longs right now :)

My 2 cents
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I was long, but bailed near the highs.

Think I will look for a re-entry here. Maybe around 96,40? :)
 
Quote from Zr1Trader:

Well did ya? :cool:

theres your 97 if ya did
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Jesus.

Yeah, I`ve been taking multiple stabs on the long side and was long until 3-4 minutes ago taking an exit on a trail stop since I just did not see it happening in the last minutes. :(

:)
 
Quote from Laissez Faire:

Jesus.

Yeah, I`ve been taking multiple stabs on the long side and was long until 3-4 minutes ago taking an exit on a trail stop since I just did not see it happening in the last minutes. :(

:)
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May I ask your typical stop distance if you don't mind?
 
Quote from Zr1Trader:

May I ask your typical stop distance if you don't mind?
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My maximum stop is 20 ticks, but typically I use 10 ticks. Depending on the set-up, I may or may not move my stop when I get favourable excursion.

Since I started day trading crude, I see that I need to work on my exits, since I often leave a lot on the table.

What about yourself, if you don`t mind? :)
 
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