Bias: neutral Overnight the bears pulled back the price under Friday’s close with more than one point.
The price stayed mostly in the 74.85-75.4 zone. Under this, there’s the 74.25-74.44 as support, 76.08-76.35 as first resistance.
Buy 2 @ 75.42
Sell 2 @ 75.36
P&L w. commissions: -139.24
So, this is what you get, when trading on „feelings”. I was waiting for a breakout from the edge of the zone, but I had no sign to rely on, no trigger according to my rules. Why did I enter, then? I have no idea... I was undisciplined, and payed the price.
After this bad trade, I wanted to enter short at 10:28, but my order didn’t go through, it was rejected by the platform! Of course it would be the winner of the day…
P&L for the day: -139.24
P&L for the month: 29.88
P&L from 09.24: 2081.94
The following user says Thank You to daddy for this post:
Overnight the bulls showed some strenght, but the 76.09-76.35 zone stopped them (), and the bears pulled back, nullified the overnight gain.
Under the 74.97-75.43 zone I’m looking for shorts, the next support is 74.25-74.44
Unfortunately I hit my max daily loss, so the day’s over for today. I have to get up from the table, according to my rules.
Buy 1 @ 75.05
Sell 1 @ 75.03
P&L w. commissions: -24.64
An absolute unusual one: I’d enter on the long side, with 1 contract, and 10 tick SL, waiting for 30 ticks. The price turned at the ONL, and the first sell imbalance came, and I was looking for shorts anyways, so I headed for the exit. Glad I did.
Buy 2 @ 74.82
Sell 2 @ 74.76
P&L w. commissions: -129,24
I know, I know. Why long? Because I’ve never seen this big buy imbalance before: 505! And also at the new POC.. Anyways, the bears absorbed th whole stuff, after my order triggered.
Sell 2 @ 74.69
Buy 2 @ 74.76
P&L w. commissions: -149.24
My first (and last) short: I was waiting for a breakdown, it didn’t happen. Hit stop with big slippage.
P&L for the day: -303.12
P&L for the month: -273.24
P&L from 09.24: 1778.82
The following 2 users say Thank You to daddy for this post:
Here is the holy grail system. How this is played out on CL
Here is the picture what we have been speaking about yesterday. Watch and see how powerful is this system, if you are interested, please let me know, and you can join to my room every day after the market moves I will show you how to read the chart from left to right with clarity and ease
(Just kidding... do not take it seriously guys Daddy is a good friend of mine... we don't have holy grail system - yet, and we do not have a room, yet2 )
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