Was up all night so decided to trade CL. Trade was a long and market did go against me at 1st, but I had my stop set at a good place, I did not average down, the market came close to getting me stopped out, but then it did reverse and actually not only went up to my BE point, it then traveled all the way to my target. I was happy that I had the balls to hold till the target got filled instead of trying to take less. Also, I did move my stop up after market went back to BE, in case market decided to go all the way back down again, I did not want to take as big of a loss. Was strange is market reversed as soon as I got long, but when I would use for example buy stops to get me into a trade to get me in when I was sure market was going in my direction, I have found that I am chasing a little, the only thing I think is once I see a trade setting up, maybe watch the market a couple min instead of jumping right in, or not change anything since what I am doing now is working.
i'm thinking of closing shop... usually backnforth before report tmrw... gL everyone... have nice trades
.93 target lifted. Looks like I was maybe too conservative in that target, damn... EDIT: A reminder of my bar count hypothesis - starting with the bar that breaks through the previous high, count two more bars and the moment the 3rd bar pauses and pulls back a few ticks, short with a very tight stop. Price being very far above the upper Keltner really improves the probability of of this one. If the breakout bar wasn't so huge, I would've likely gone long first.