I can't complain, it's been a great day, but had I held that last long for target, then trailed a stop on the 1-min chart, it would've been an all-time record day for me.
That's great anyway. Sorry I missed the earlier moves, although I was here in time for this last break which I mostly missed. Oh, well.
So volatile. Be careful as so far they're buying any pullbacks and driving it higher. Got to top out somewhere.
I apologize, as this post may be a bit off target for this thread; however, it's applicable to a volatile instrument such as CL... With that said... has anyone tried to develop a technique that averages down and averages up? By averaging up you offest the negative risk/reward associated with averaging down; although it also offsets the improved avg price of your positions. Nonetheless, it captures the explosiveness associated with averaging up on the right side of the market. The profit & loss targets will need to be based on $ threshold instead of pure ticks from entry. Again, sorry for the tangent... perhaps I'll start a thread dedicated to this concept.