CL Redux

Discussion in 'Journals' started by schizo, Oct 9, 2009.

  1. schizo

    schizo

    Was EIA released today? The reaction seems too damn tame.
     
    #6561     May 5, 2010
  2. schizo

    schizo

    Yes, very good point indeed.
     
    #6562     May 5, 2010
  3. that is true. in the morning, I missed the overnight bounce, then I drawed my trendline, I thought it will bounce from trendline (my subcosious is the missed opportunity, what a fool I am), but I put a hard stop loss there, trailed a little bit. if I hold through the trade, I may be forced to do averaging down (I do not want to give up the loss, it is so big, I can not take it!). if that happens, like today's move, if I lost mind, plus the report is due and created lots of uncertainty, easily I will make a big mess, like last time 4k, I doubted it may be 10k+/20k down to the tunnel since my account allows me to trade more than 20lots now.

    yes, the stronger the view, the stronger the opposite moves.



     
    #6563     May 5, 2010
  4. EON Kid

    EON Kid



    yep
     
    #6564     May 5, 2010
  5. NoDoji

    NoDoji

    long 80.82, stop to b/e target breakout
     
    #6565     May 5, 2010
  6. NoDoji

    NoDoji

    Half off @ .93, didn't like the failure of that breakout to follow thru hard
     
    #6566     May 5, 2010
  7. nice :), so how do you set your profit objective on a BO?
     
    #6567     May 5, 2010
  8. NoDoji

    NoDoji

    Out remainder 81.20, oops used the 3-min chart for next R level instead of the 5-min!
     
    #6568     May 5, 2010
  9. EON Kid

    EON Kid



    Exit 81.35


    hopefully pick it up again lower for the afternoon run
     
    #6569     May 5, 2010
  10. NoDoji

    NoDoji

    Normally I look for test of next S/R level in line, in this case I was looking at my 3-min chart and next R was .21. 5-min chart, next R was .40 which is where I'd normally target had I been paying better attention!

    The initial attempt was failed b/o which is why I took some off the table right away. Then we had the Al Brooks "failed failure" providing short fuel for the follow thru.
     
    #6570     May 5, 2010