Will be interesting to see if CL can push up to 95.15 today or not. Seems like it needs to rally a bit to find sellers to finish this down move to 90-92 area. 94.70 also an area that may stop the rally/find sellers.
The following user says Thank You to indextrader7 for this post:
This is not analysis but thought I'd throw a trade up as well just for fun......
Trade was at the opening drive.....took the runner (if you can call it that) off just as it stalled at the first real target zone.....the rest I missed....no worries though it worked pretty much the way I thought it would.....left some on the table....as usual but that doesn't really bother me much anymore if I execute the idea well.....and I did so that's good....probably done for the day....have some appointments early this morning.....
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The following 7 users say Thank You to PandaWarrior for this post:
Saw you post that trade in TST room today and wanted to ask you more about what specifically triggered you into your trade at .46 if you don't mind sharing. I think I understood the context you were working from and why you wanted to get short in that area, but what was it about .46 at that time that made you want to put on the trade?
I will try and share a couple of ideas I had today too, after the mkt close and I figure out how to link tradervue into here.
Thanks again for starting this forum.
The following user says Thank You to LoneWolfTrader for this post:
Well, I wish I had a better answer for you but... When your context is for balance/range-bound trading, and the market gets up to high end of the range, it really doesn't matter to me what my exact entry is as long as R:R is there. There's nothing special about .46 what so ever. Orderflow started to change up there, at an area I was interested in doing business, boom, pull the trigger.
The way I enter trades there is no setup or exact trigger, it's a pure culmination of past screen time, discretion, and subconscious free flow of imagination.
The following 6 users say Thank You to indextrader7 for this post: