ALoha, this is 1 thing that i am seriously seriously struugling with now that i ahve had to start doing intrad-day trades on oil, as its no longer 'midterm direction' tradeable!! 
Since July oil was an obvious sell it was going down below 100, so all you had to do was ONLY SELL, eneter sells during the day of the spikes and hold for few mins to hours (with giant stoploss).
Trend was obvious down, and so all you had to do was just make sure you had a big enough stoploss, and you were guaranteed to make 100s ticks per day selling.
Now however oil has become a 'ranging market, with severe intraday spikes'!
But so my main question is how do you distinguish ''trading the daily trend'', from 'doing 'chaser trades'??
Since when i look at the chart, see that oil has fallen $2 or 3dollars down in absically a straight diagnonal line, that should mean that you wiat for a dip and then buy at the support level, as it wil be getting pullback.
However for the last 2weeks nearly everyday the ONLY way you could have made money trend trading would have been by gambling using chaser trades!!
Whene you see a trend that is there and as happened, on what basis can you distinguish CONTINUING to trade in that direction and just hope that the trend doe scontinue and not start to pull back,
from that just being a chaser trade???
Ive attached a screen shot to show what i mean....
Since July oil was an obvious sell it was going down below 100, so all you had to do was ONLY SELL, eneter sells during the day of the spikes and hold for few mins to hours (with giant stoploss).
Trend was obvious down, and so all you had to do was just make sure you had a big enough stoploss, and you were guaranteed to make 100s ticks per day selling.
Now however oil has become a 'ranging market, with severe intraday spikes'!
But so my main question is how do you distinguish ''trading the daily trend'', from 'doing 'chaser trades'??
Since when i look at the chart, see that oil has fallen $2 or 3dollars down in absically a straight diagnonal line, that should mean that you wiat for a dip and then buy at the support level, as it wil be getting pullback.
However for the last 2weeks nearly everyday the ONLY way you could have made money trend trading would have been by gambling using chaser trades!!
Whene you see a trend that is there and as happened, on what basis can you distinguish CONTINUING to trade in that direction and just hope that the trend doe scontinue and not start to pull back,
from that just being a chaser trade???
Ive attached a screen shot to show what i mean....
lol