Can someone explain or confirm chart data attached of CL. 2011-04-20_1608 - babypowder's library
After the 1st target I moved stop a little above BE and it was not triggered when my charts shows price hit well below my stop but I'm still active 1 order????
Is this a data glitch or a sim thing?
6E- 240 min chart, I wanted to show volume confirming big support. Also, there's a gap not filled at what is now support. I am not comfortable taking longs till the gap is filled. 2011-04-24_2023 - babypowder's library
CL-1440 min chart, shows TL breakout with last bar being a bullish pin bar which tells me this will start to pullback. The question is where will it pullback to? Attached you will see the top shaded area (106-108) which was the last significant level and also happens to be 61.8 retracement area. When we get there we will zoom in to fine tune an entry. 2011-05-07_1809 - babypowder's library
6E-1440 min chart, shows potential TL break but its running into previous HH, 2 scenarios i will want for a breakdown pass the last HH level or a realignment back to the TL channel. (NOTE: BIG EURO NEWS GREECE IN TALKS TO EXIT THE EUROZONE!) Maybe reason for TL break? We will see. 2011-05-07_1821 - babypowder's library
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CL- 30 min chart, fine tune entry at IB with STOP @ last HL after major bar reversal, counter trend play so I will be aggressive with profit taking. 2nd target @ 50% retracement of the major trend or the TL touch. We will see. http://screencast.com/t/alOMMVOxEyti
The following 2 users say Thank You to babypowder for this post:
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