CL Redux

4 ticks stop or target?

 

ES may sell at the open or soon after




OR sell BP at the open

 

That was an expensive smoothie!

Damn, I went to the toilet to make sure I wouldn't miss anything later... now I'm set and ready for the chop, chop

 

Nothing seems to happen until a few minutes before NYMEX open and price action looked boring as heck, so I thought it was safe to sneak away for a few minutes!

My stop on breakout trades is generally 5 ticks. My target for a measured move is 3 ticks inside the distance of the previous move.

 

turn this into an indicator and make millions selling it

 

Next stop 77.80

 

short 7706 .1 stop

 

Exit BE

 

short 7696 stop 7714

 

+.90

that was long .92 stopped out BE