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HI Lance, as a beginner, I've been following your journal for the last few months. Tremendous help for me and I'm sure many like me who have never posted before. Best journal ever! You shorted .88. Was the .80ish level ( usually a strong S\R level in Crude) a concern before getting in the trade?
Thanks
Thank you for the nice words! I haven't really thought about the .80 level being a strong s/r..but now that you mention it, may be I should look at that more. I just felt on the first trade that the there was a lot of volume coming in fast to the downside..plus it was very early into the session when you can get strong moves.
Hi thanks..same to you. I didn't do much today and didn't start watching until after 10 am. Took 4 trades.. 1. 10 tick loss. 2. 10 tick win, 3. 10 tick win . 4. 10 tick win. total 20 ticks.
It's been going very well. I think I've been making extra progress in some areas such as holding for bigger targets when I see large amounts of volatility happening. Also, I've been getting better trading TF along with my CL. It can move very quick so I have been using an ATM trailing strategy that works well on fast moving trades. It basically breaks even at 15 ticks and then trails 15. I often target 40 to 50 ticks and the trail leaves a little room without giving up too much profit. I don't use it on all the TF trades. Only under certain conditions.
That strategy is not for CL.