Hi Nodoji, Do you mind posting a chart to illustrate? Also I can't really see what you are referring to regarding the 2 swing lows for the hourly chart. Thanks.
Sure, here ya go. The charts are Pacific Time. As for the turning point on CL (first chart), I was trading to the long side from the open because I'm a day trader and will trade any direction that makes sense on a 5-min chart (a swing trader would be short or looking for shorts in CL and a 5-min chart would likely be noise). However, my profit target zone was around that LTL which also coincided with an earlier range low, so basically I expected previous support to become resistance, at least for a while. On the Nasdaq short (the chart is QQQ's) I was targeting a break through the descending lower channel line for lows into the close, but that did not happen and the trade was scratched when the second attempt down resulted in price turning up off a higher low.
again, since OVX futures are delisted ; but of course you are trading synthetic representation of OVX.....with OVX spot up huge (41.98) since the above quoted post (and i see no where u have closed the trade)... what are your plans? hold until profitable? of course that's what i do in "actual vix futures"..but that's real so no point getting in to that here. in any case i'm curious what your plans are with the OVX 2 shorts.
I changed the way I exit unit 1 (stop loss) and I copied and pasted code and forgot to change a constant. That would have cost more than a dollar had I not puzzled over why it didn't get out when it should have.