CL Redux

I wish i was. No i am not. I do however use some of the concepts outlined in Mark Fisher book.

Exceution is mostly based off his method.

 

Shorts and shorts in RB. It does not matter if it's CL, RB , GC etc. It's the same approach.

 

Back to re-test the monthly and weekly levels once again.

 

short 10280, 100 tick stop

 

Tested 102.9 weekly area.

Looking to be long above a break and hold of 102.9, or short with a break and hold below 102.43 (monthly)

 

net loser on cl trading this year... fortunately, all positions are money managed

 

With you and feeling some PAIN since i did not follow RULE #1.

 

Added size to short around 103.22 area for reversion to the mean set up and BOOM. There is nothing wrong with adding to so called loser if RISK is within ones profile.

 

I think bulls are back in charge next stop 103.5? IF 102.5 does not hold though, it will probably drop to 101.7. I am stepping out for now.

A lot of people got wasted today, I consider myself blessed since I broke even.

 

I also had that level in mind as the pivot to take us to 104.50 or the resistance to turn this into a longer term down trend. If we close above 102.80 my plan says I have to get less short and no adding to the short until 104.50. So what will happen is it will close at the highs I'll get less short and then it will tank