Overslept this morning. Took this trade off of the LT trend line. Risking 5 to gain 10 (1:2). We will see.

Update: Just stopped out for -5 ticks

I went to eat lunch and missed this trade on the YM. The 2L triggered when bar 140 went 1 tick above bar 139. The stop should be placed 1 tick below bar 139. Trade is expected to go 30 ticks. The first take profit is at +15 ticks which it has reached.

How would you have handled candles 129/130 - any trades there?

I took this riskier 2L on CL with a 1:1 if the trade works. I will try and reenter going for 15 ticks. Price must get past 54.21 to have a chance. As of right now, it is stalled there.

Quoting 

How would you have handled candles 129/130 - any trades there?

Thank you for the question. I would be lying if I said, "I never take those trades." I do many times but I get burned often on them.

The trade just completed! 3 contracts at +7.

Here is how I would have managed the missed trade on the YM. The red squares represent my trailing stop. Currently, the stop is at +16 and price had gone +29 ticks, I tick away from the target.

Also, I elected NOT to reenter on the CL trade because I wanted to see price go through my target by at least 1 tick and price did NOT do that so I passed on it. I may regret it. My reentry price would have been at 54.14 with a 4 tick stop and a first target of +15 and second target of +30 but really I don't know which way price is going to go at the moment so I stayed out.

It would have been a nail biter but the YM trade worked out for +30 ticks and I am sure glad that I didn't enter the CL trade as price finally broke down. I'm done for the day. Hope everyone had a great trading day!

YM





CL

BoltTrader 

It would have been a nail biter but the YM trade worked out for +30 ticks and I am sure glad that I didn't enter the CL trade as price finally broke down. I'm done for the day. Hope everyone had a great trading day!

I am glad you walked away from CL today my friend, it eated me alive.

Quoting 

I am glad you walked away from CL today my friend,

Me 2