Hi... just a couple of quick questions:
What are your time frames for CL?
Also, what's your best stop loss? How did you calculate this?
What are your time frames for CL?
Also, what's your best stop loss? How did you calculate this?
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Day Trading Crude without indicators.
- Thread starter mfbreakout
- Start date
Quote from mfbreakout:
02-09-2012.
I keep on getting questions as to how i get my levels. I subscribe to couple of services to see what they are thinking. I trust service of Global research, a friend who is very good with Fibs, volume profile and then i use my intra day set ups for execution.
http://screencast.com/t/RHxQQymPJoj
NY open trade. I am probably out early but want to see what happens at 9.30.
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Quote from tenthousandmen:
Hi... just a couple of quick questions:
What are your time frames for CL?
Also, what's your best stop loss? How did you calculate this?
Opening range (OR) i use to get reference points is 8.30 ti 9.15 am eastern time. cyan horizontal lines on my charts show OR. For today OR is 99.90-99.33.
I use concept of bell curve on one 1 minute and 30 minutes bar and trade it. Stops are mostly below at the bottom of the bar. If bar is large like yesterday 10.30 am bar with a high of 99.95 and low of 99.30, i use middle of the bar as reference point. So, i shorted 99.55- middle of that bar and placed a stop loss of 10 ticks above it.
In short, stop loss is 10-20 ticks .