CL Redux

Congrats ND you gonna spend some of that counter trend trading now that we have a defined bottom or can I just place a sell stop at 89.20 and go sharpen my snow shovel.

 

Ha ha! So far I don't see a counter-trend move whose entire range matches my smallest with-trend profit!

Ahhh, that friendly trend

 

That was fun!

 

I only see 2 legs so far 1 more to go. 88 would be nice and that would make Schiz happy.

 

SS 89.39 trgt 89

 

Think we may have a stopping point? DB?

 

ex 8948

 

scratch short .61

 

OK, I counter-trended long a while ago and it was a scratch, flipped short with the trend and another 50 ticks just thrown at me.

When key levels break, the next key level is in play. Go with the trend.

 

Yep, that failed bo at .68-70 was a good short signal.

Or as RiskAddict put it, simply place a sell stop at .20 and go do something else.