Notice the perfect R10 from 1311,25 to 1321,25. Random? I think not. I should not have underestimated the bulls and looked higher than the previous swing high for a target
Who let him back in here? LF, since there was a nice support floor at a slightly higher low off a slightly higher high, your minimum upside target is previous support becoming resistance, so 1319.25 was a technical target. On the other hand, 1318.00 was nothing to sneeze at
It is amazing how much it went up considering there really is not a shortage of oil. I do go long oil too but sometimes when I get up or look at the chart, it makes a confirmed double top, and that can be traded for 10 - 25 ticks or more. I guess I was counter trading today a little since I was going long ES and short CL, but it just made sense when I put on the trades. What's funny is one of my sim trades on ES got stopped out at the exact low before the market went back up, like they knew I would be putting my stop there. ES really seems like poker or chess where they will try to bluff u you out of a profit.