Great entry, great exit. Now quit with that "wide stop, swing trade" sh*t! As for the stop hunting conspiracy theories, the break followed standard CL support attempts off the 60-min chart. When price failed to revisit the previous pivot high around 98.70, the support levels get tested. 97.15 pivot low gets tested and fails. Next is 96.98, appears to hold, then fails. Next is 96.60, so far it appears to hold. If that fails, 96.22 is in play.
Last post and then off to dinner. I second this emotion. No more mega gap stop loss trades for you bro. We know you probably just did this to share some of the good money you made on your other trades with those less fortunate, and that's admirable, but................ Good night.
See, we're right back up to 98.27. I wasn't talking crap when I said this. Moreover, I didn't find any friggin' news to justify the damn plunge at the open. But what can you do other than to allow the morons to have it their way?
Had this occurred in the RTH session, then I have no problem with your proposition. After all, I'm the greatest fan of S/R. But at the AH open? I don't think so. Furthermore, there was no breaking news to support such a drama that we've witnessed. And guess what? The Japanese market wasn't even open. We still had 2 more hours. And look where we are trading now. To me, this is all calculated in advance.
that is the exact thing I observed I thought those people who put a stop before the night opening are totally morons, YM down almost 200points, CL almost 2.2points, when reviewed the chart, you knew those price levels are exactly yesterday afternoon's low, I put a limit order there, did not expect to be executed, but all executed, except sweet crude (my limit is 76.13, lastsession low is 76.2). bought NQ at 2187, YM at 11463, that is free money, I will sit on long for a while, I thought the market overacts too much, oversold.