also i have an open short position on CL since start of trading session .it had initial stop of 35 points ( equal to one of yesterdays swing high ) and now i have +40 points ,i will hold this position overnight if the bearish movement will continue further , otherwise i will close it with some profit.
Hi C_T, I read the first few pages and the last few pages of your thread. Some very nice trades. Is your trading method and rules posted anywhere, so I can see them? Thanks, Ric
hi RicG thanks ,i have worked on this method for 4-5 years and it's not posted anywhere .it has consisted of many elements & (non classic) filters.while i don't want to publish it but maybe i can help others improve their own strategy.
i closed that position on CL with +80 points of profit .i go to bed & take some rest because i did not sleep 20 hours for tracking this position.it's reward was exactly twice it's initial stop.my stops are usually 10 points but in this case i needed a wider stop and as you know i track intraday trends between 70-120 points length.
i look forward for a long signal on GC today .it may have a corrective movement today or tomorrow(or maybe not) , so i wait for emerging potential pattern and setup .
despite a mildly upward move in GC (at least 3 $ from time of the post) ,i did not have any setup .(it was not a long lasting move in m5 or m2 time frame)