Instead of thanks there must be a button to say "I'm amazed" haha... Congrats, you're very consistent

My Third trade on CL +288 USD

I did not want to trade the 6E today, and the up n down spikes on the 5 minutes charts, were reinforcing this thought, I looked at the 60 min chart and the only trade I wanted to take was on the Support line of the 60 min chart at 1.45. It took some time and 3 contracts for the pullback; the trade was closed with +450 USD

Redratsal,

I was monitoring the 6E this morning too and had identified a few important key levels. My assumption was that price could go as low as the Value area Low for the week at 1,4490 and that the next level that would be defended by buyers was at 1,4475. 1,4475 is the starting level where initiative buying took place a few days ago.

trendisyourfriend 

Redratsal, I was monitoring the 6E this morning too and had identified a few important key levels. My assumption was that price could go as low as the Value area Low for the week at 1,4490 and that the next level that would be defended by buyers was at 1,4475. 1,4475 is the starting level where initiative buying took place a few days ago.

Thanks for your sharp assumption, happy that with different models we came to similar conclusions

That was the last trade of the Day CL with 2 contracts +498 USD



Total of the day +2000 USD

redratsal 

Thanks for your sharp assumption, happy that with different models we came to similar conclusions

redratsal,

The reason why i posted a chart with horizontal volume nodes was to show less risky areas to place some of your entries. You are probably a more agressive trader than i judging from your trades. I don't expect it will change your perspective but we never know it can speak volume for someone else .

redratsal 

Thanks for your sharp assumption, happy that with different models we came to similar conclusions

A trading colleague told me about this 60min chart as a Head and Shoulders pattern that were forming (at 4am EST) but I had no balls to short it with Trichet speaking.

BCNTrader 

A trading colleague told me about this 60min chart as a Head and Shoulders pattern that were forming (at 4am EST) but I had no balls to short it with Trichet speaking.

It was indeed a nice pattern, i prefer to wait for pullbacks from such down legs because i know the move already happened and i am acting accordingly. Unfortunately patterns are not always reliable but this one was a good call.