Hi... just a couple of quick questions: What are your time frames for CL? Also, what's your best stop loss? How did you calculate this?
Opening range (OR) i use to get reference points is 8.30 ti 9.15 am eastern time. cyan horizontal lines on my charts show OR. For today OR is 99.90-99.33. I use concept of bell curve on one 1 minute and 30 minutes bar and trade it. Stops are mostly below at the bottom of the bar. If bar is large like yesterday 10.30 am bar with a high of 99.95 and low of 99.30, i use middle of the bar as reference point. So, i shorted 99.55- middle of that bar and placed a stop loss of 10 ticks above it. In short, stop loss is 10-20 ticks .