CL Redux

Quote from ubo:

Hi Nodoji,

After looking at both the one and five minute chart, I'm puzzled about the reason behind the trade at "11:15 SH 101.80".

Is it possible for you to explain why you had taken the trade?

Looking at the chart, the two possible reasons that I can think of are failed breakout at 11.05 or anticipated pullback to EMA due to possible overhead resistance at 101.78?

Thanks in advance.
More...

Yes, well it's a particular tactic that I don't want to get into here; however, you're right, there was no high-odds reason for that trade.
 
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