CL Redux

I know most not into Scalping, but if one goes to higher timeframes, market principles never change. Markets have certain overall patterns in which one method works great at one time and not at other times like trendline Breakouts. When a market has normal trend and not a huge trend amount in one direction quickly, I will wait for a breakout, then wait for retracement to go into first direction. But on huge moves that go quickly, there are sideways patterns that can last several hours and just simple S/R entries with tight risk often are best trades. Trading Chop is my favorite way of trading. And Trading Trendline breakouts are different, I wait for the breakout and enter on way back. I find trendlines can hold so many touches and then it bound to break thru, but depending on what lead up to this point is more important to know whether to take or pass on the trade.

Nap time, am teaching my traders, so much harder than actual trading, LOL. Retired 2 days and already insanely bored.
 

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i actually waited for the pre breakout tension (courtesy of Bob Volman ) from 11.05 am ET onwards and then got in at 94.72 ... 1 hour 15 min ....not too bad.

sorry I am rambling. i am the only one trading CL in my room, and sometimes I do get ... loony I guess?

and I am trading from Asia ...
 
there were so many headlines out of Europe today I dont know which one. maybe something like ... Germans opposed to ECB bond buying move - along those lines.

but WTI .. did .. over-reacted I guess comapred with the rest.
 
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