Day Trading Crude without indicators.

On 45 minutes OR of 105.60-106.12, we had an A up. It turned out to be a weak one as price pulled back to OR low area.

Now, if price stays below 105..48 area for 20 minutes we will have a C down.

After A up, i took long around 106.12, expecting CL to take out 106.50 but it failed and i got stopped out with 20 ticks loss.

Now looking for longs at lows on premise , we will have a failed C down. Below 105.40 area, CL can sell down to 104.50 .

We never know till VOLUME shows up.

Traders using smaller time OR like 5 minutes etc.. will have different set up.
 
Quote from Chartsky:

Thanks for your charts. I'll post one of mine to show what I was thinking this morning but don't want to h-jack your Journal.
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actually.......

3 sisters was in the euro session.
trip bottoms.

dt short was in the dark zone.

db new long in new york.

new " long and wrong pendings " filled at the top of ny for the last short.

pure price action , no volume in the boxes, MM mentality.

find the retail paper and blow it out........:)

s
 
Quote from mfbreakout:

On 45 minutes OR of 105.60-106.12, we had an A up. It turned out to be a weak one as price pulled back to OR low area.

Now, if price stays below 105..48 area for 20 minutes we will have a C down.

After A up, i took long around 106.12, expecting CL to take out 106.50 but it failed and i got stopped out with 20 ticks loss.

Now looking for longs at lows on premise , we will have a failed C down. Below 105.40 area, CL can sell down to 104.50 .

We never know till VOLUME shows up.

Traders using smaller time OR like 5 minutes etc.. will have different set up.
More...

Long off 105.70, out some 105.98. failed c down set up. +28

At least one set up worked for some thing .

It's been a difficult day overall. But the good thing is as Mark Fisher says if the trade works, you are a GENIUS, if a trade fails, blame it on the system (lol).
 
Quote from mfbreakout:

Long off 105.70, out some 105.98. failed c down set up. +28

At least one set up worked for some thing .

It's been a difficult day overall. But the good thing is as Mark Fisher says if the trade works, you are a GENIUS, if a trade fails, blame it on the system (lol).
More...


Finally, system paid off long 105.72 out 106.45. Early again but it's O.K

+73
 
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