Thanks, Kid. I was looking to short on that first RTH 5' bar (usually a good tell of market direction), but didn't get a fill at .79, pulled it not wanting to chase and now it looks bouncier. I think I'm gonna wait till the ES opens.
SIM I feel so relaxed focusing on 5 min chart. I knew this mantra all along but I did my quota of mistakes to get to where I am. For me, in trading world unless I burn my fingers I just don't get it no matter how simple its expalined in the book. Today 3 trades , all BE's.
And you actually get a heads-up of sorts by checking the volume after 5pm CT, the time trading reopens. After that time, the trading is assigned to the following day rather than the current calendar day. http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html
-.66 stop .73 changed to .68 - stopped out, damn -2 ticks late to enter, was still ok with the tight stop, but CL has been showing some resilience in spite of the euro and euro tanking (relative to HOD), so I didn't want to get caught in a stop-run.
sim long .04 (Feb) via stop stop at .89 (15 ticks) target a push to 89.60-ish Will add :38 add .95 (in the red) avg .00 :39 stopped .89 (-21 ticks)
Ah crap. Forgot to switch over my contract today and I was seeing <500 volume so I was like "eh, Friday, can't trust these signals on low volume, probably not going to trade today." Then I checked ET/CL Thread and someone said something about switching over so I checked the volume and everything has been just about where it normally is! Missed out on a great day (so far)! Some signals that looked not so good on the old contract actually look pretty great on the new one. *jump off bridge*