Trading the CL with Trading Price Action On Futures
- Thread starter Saber
- Start date
my god, traders talking about 'triangles'..in 21st century did they ever work??
pick a 10 or 15 minute chart and look left, you will see the support level in place.
Well, at least two of the winning trades of the OP involve ascending/descending triangle.
Well, at least two of the winning trades of the OP involve ascending/descending triangle.
It is all about support and resistance!
Nice trading. Any reason you're not going long around 16:50 ? Looks like a resistance break then pullback.
No scaling out today ?
Thanks !
No scaling out today ?
Thanks !
yes, is there any reason your not longing 1645- 1650?
No entries at 16:50, price was already approaching the current max daily range.
I only scale in when we have a trend trade, the trade that I took was a counter trend trade so all out at first target.
The second mouse gets the cheese.
As for defending a short looking at that chart, jimmiebarton, price is swinging lower highs and lower lows. Price action favors the short side at that point in time. Not until after 15:00 on that chart does price action favor the long side.
There were good PA illustrations on this thread. What happened? Beginner's luck run out?
