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" I will hit flat tab on my shorts if after API report CL gets above 48.30 area "
Ok, then what? Longs and longs. Out 49.07 Flat. I am probably leaving another 60-100 ticks on the table but CL has to clear 49.50 area first and i gave enough time.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Waiting for a FLUSH up to try short with size otherwise time zone for Mikey Mouse trades.
CL is Karma Chameleon
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
" I am probably leaving another 60-100 ticks on the table but CL has to clear 49.50 area first and i gave enough time."
Yes , you did but one can ONLY trade per ones comfort level. Why i have no interest in shorts?
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Nice HD showing upside strength off the report on the 15min
If you can keep your wits about you while all others are losing theirs, and blaming you....The world will be yours and everything in it, what's more, you'll be a man, my son. - Kipling
Sometimes I am really good at daydreaming---I am not stubborn and don't mind stops being hit on CL. CL made a 100 tick run and I thought at least a pullback to 4850 before I can load up to long side. Guess what no pullback just a straight 45 degrees up trendline on first day of month. It's ok to be wrong but not OK to be stubborn.
When there is No FLUSH UP then pullbacks are for longs.
Long 49.46. Out some 50.04, 50.37.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Days like today reminds me why I love (and hate) trading crude. Just when everyone thinks it's gonna zig, it zags. You want volatility? How about a 300 tick move in half a day? It really is the perfect daytrading vehicle for people with short attention span (or an "outie", as per Mark Cook).
Days like this used to terrify me in my earlier days. Got burnt over and over again, stops run over like it was swiss cheese. Thankfully, with proper respect and lots of practice, it does get easier. Think of it as trading with a finger firmed pressed on the fast forward button. It's the same setups and PA, just need to react faster. After all, it's still the same human emotions in play, with the added bonus of arriving at the destination much earlier.
Now that we hit 50 again. Your move next, bears. I'm watching 49.15 for possible bounces.
Momentum is putting in lower low, but the price is not.....a sign of strength to the upside.
There were several on the 5min chart as well today.
If you can keep your wits about you while all others are losing theirs, and blaming you....The world will be yours and everything in it, what's more, you'll be a man, my son. - Kipling
