Tue 03/18: missed the upside morning moves in TF, nothing much else happened all day.
Wed 03/19: FOMC and CL rollover
Thu 03/20: TF and CL were both spike-spastic... meager gains in each
Fri 03/21: In the morning prior to 9am eastern, I was long six (6) CL contracts from blended average of 99.26 and again 99.30s and again 99.40s zones. Each of those trades stopped out in the heavy chop for paltry gains (first position) or net loss (all subsequent positions) before price finally went to 100.20+ as expected.
Had the first long trade held from 99.26 (peaked at 99.45) managed to hold from being chopped, it had +$3,000 to $5,000+ profit potential. But thatâs not how CL price action flowed⦠it was the usual recent wild whipsaws, with an eventual spike-pop from the chop that managed to break the malaise.
Too late for my long-trades efforts, I was already done.
Wed 03/19: FOMC and CL rollover
Thu 03/20: TF and CL were both spike-spastic... meager gains in each
Fri 03/21: In the morning prior to 9am eastern, I was long six (6) CL contracts from blended average of 99.26 and again 99.30s and again 99.40s zones. Each of those trades stopped out in the heavy chop for paltry gains (first position) or net loss (all subsequent positions) before price finally went to 100.20+ as expected.
Had the first long trade held from 99.26 (peaked at 99.45) managed to hold from being chopped, it had +$3,000 to $5,000+ profit potential. But thatâs not how CL price action flowed⦠it was the usual recent wild whipsaws, with an eventual spike-pop from the chop that managed to break the malaise.
Too late for my long-trades efforts, I was already done.
