Thanks but I left 40 ticks on the table. Well, i plan to trade per plan everyday but i am far from it. One day, i will have more control....
not good execution on long from 88.72. 1st target is 89.14. but any thing can happen so chickened out.
long 88.72 out 88.92
short 89.34 cover 88.78
for me bulls have to clear 89.80 to show strength after this pull back.
dxy above 76 showed its hand. short 90.12 cover 89.54
damn cl was just waiting for me to get out (lol)
out flat 89.86 - long from 89.76. dxy kkps on making highs. if dxy gets above 76. real pressure may come for cl and es.
out flat 89.62 cover. don't want to push my luck ahead of inventory report.
short 89.86, cover some 89.62, hoping for 89.40 for rest.
Neither bull or bear between these levels. If pit traders/algos wants to book 40-60 ticks profits , that's what i am gonna do. Pit traders keep...
anything in between require wider stops and less gains.
2 levels till they get broken. longs 89.20 and shorts 89.90 area with 10 ticks stop loss.
5 minutes, 10 minutes? which time frame?
what does your magenta lines are used for and what are they? I am just testing a smaller time frame OR to see if i want to aitch to smaller time...
Stop loss will be below 90 e.g 89, if i want 2 points stop loss , i will buy at 91. Like i said previously, it will depend where daily pivot, 3...
Ignore magenta lines- those lines represent something I am testing. OR is 8.30 to 9.15 and A up or A down is 8 ticks. C value 13 ticks for CL....
. Price can be moving up all it wants. question is always where would be stop loss? Thus, I wait for pullback and try to enter as close to OR...
Here is a chart of Wednesday Price action. http://www.screencast.com/t/n4Gchk85
According to Mark Fisher trading just A up or A down gives one only 3% edge. Combining daily pivot, 3 day rolling pivot range with A up or A down...
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