S/R Trading Journal

[Max22]

Sorry Chart didn't attach to last post.

 

[Max22]

That was a big move from the resistance level at 75.30 . It dropped to around 74.30, that is $1000.00 per contract. Here is the updated chart.

 

[Max22]

ES just busted thru the resistance area 1130-1131, I may be buying a pullback to old res now support if it sets up right.

 

[Max22]

ES came back down to the old res now support. It tagged 1130.75 and bounced. Unfortunately I didn't take the trade, I got one trigger but didn't have the other and I wanted both to get long just to be sure. Can't win em all.

 

[Max22]

Oil Support now at 74.20, I'll be looking to buy near there if it sets up.

 

[Max22]

CL was moving pretty good so i switched a smaller time frame and took a bull flag formation that held support for a quick 6 ticks on 1/2 and 12 ticks on the other 1/2

 

[Max22]

CL pulled back to just above the support are reaching 74.29 and triggered a long on my setups, so i took it. I got 6 ticks on 1/2 and it got sluggish on the up move so i moved my stop on the other 1/2 to entry and got stopped out. I see some topping action now so a reversal trade could be setting up soon.

 

[Max22]

CL went back down and tested the support again. The support held and we took out the high. Was a good long trade there, but I didn't take it. A nice setup right at support.

 

[Max22]

74.80 resistance on CL, we should see a pullback from there. Possible short trade up there

 

[Max22]

CL is strong, no setup to short the resistance triggered. I'll need to see some weakness to consider a short trade.