CL Redux

Long .45, stp .35, tgt .75

 

Scratched based on a total lack of exuberance.

 

You can tell we're trading a flat 20 bar EMA when we're long and short at the same time

ADD: If I hadn't stepped away from my desk, my long entry signal would've been 89.19 to the top of the channel and then hopefully a breakout (which I had hoped to catch on my late long entry).

 

Saw this choppy stuff this am.

 

close 89.26

 

This is the kind of price action that turns you into a scalper, causing you to scalp 15 ticks on the position that turns out to be the REAL breakout and runs 60+ ticks without you

(I have SO been there)

 

Very nice! I normally stop and reverse when channels hold, but it's an up channel and I prefer to position with the trend.

I'm calling it a day, folks, catch the BIG ONE, or scalp the channel 10 times!

 

flip short 89.32

back to the original plan.

 

exiting 3 at b/e

 

short 89.50