what about now ? Being that it came around 10:30 gives it more strength. We either fall or we run to 77. Looks like the T day boys are in oil as well.
Looks like we just missed that short entry by a tick. No entries long overnight as we did make some new reaction highs. I'm using the 3:00AM EST 5 min bar, hence no long entry. We just got short from the overnight reaction low at 10:20AM. Short 1273.25 Stop 1276.25 Target 1263.25
No because I would already in the trade short 72 -73. If this trade fails, then it indicates an assualt on 1277 area next. Hence why I am taking some off at ~68 as it is the 50% retracement level because I don't know if we see lower or 77 first.
I think this is the next evolution of the journal. Perhaps I will trade with real money shortly. I might use my backup futures account (Infinity AT) and then I ll just post a statement every night. The only problem is catching trades overnight and early in the morning as I'm on PST.
Had a feeling that would be your answer...have also been monitoring the retracement factor to take profits from position at the same time as adjusting the s/l.
I would have thought you would have been long from 65.50. And therefore would not be taking the short. In fact, I would think you'd still be long since it didn't hit your 10 point target. OldTrader
Except it wasn't hindsight, NiN was long, just got stopped out because his adjustment of stop, but Jagmot doesn't use that tactic. Oldtrader also thought the same so we have 3 people agreeing on that entry...