CL Redux

Yes a 5-min chart. Look at the 10:45am bar, that was bar 3 and not a very strong breakout through bar 2 before pulling back.

I really can't believe with the strength of the initial breakout that price pulled all the way back to the 20 EMA on the first try. I'm muttering to myself for targeting off the 3-min chart...

 

I think the upside action from the 23rd created an airpocket there for the breakout. Stopped and retraced much like the 23rd as well.

 

K really smelled that breakout nicely in advance. I'm in awe

 

Thanks, I am clueless now. Im leaning towards short the rallys. If it was bullish it should not have broken down this bad

 

awesome call!

 

I'm with you 100%. Woulda been short again off the lower high had I not committed the cardinal trader's sin of taking a tea break just because I had a profitable trade.

 

Doji nice short, how many contracts you had ? I shorted 83.95 out for .25 ticks . 1 contract .. my limit order got filled before i was able to cancel it lol

 

Sideline till 8210. There seems to be someone trying really hard to keep this thing above 8300

 

Hmm, S&P downgrades Portugal and Greece, negative outlook...

 

CL demo...
yesterday $360 (+36 ticks)
today $510 (+51 ticks)