Hi I will be trading CL using ranges/channel extremes in the hourly, so I will post my levels each day before 9:00, just in case someone has any comments. Today´s (late) levels were these And the trades that came out of that
could you do a tally up of the points made/lost each day? Are you trading live or demo? Are you consistently profitable with your approach? Regards Good luck ps - Here's my attempt today. First day looking at it. Yesterday would have been a horrid day to trade!
mean reversion has long history of not viable methodology. turn your attention to momo, ie momentum! ride the momo pony
Barcaria, is really of no importance if I am trading live or if I am profitable. But thanks for your comment.
And the levels for today. If the current channel holds wait for a reach of the supply line and short from there is the plan, if there is a breakout to the downside, wait for a retracement and short that. No longs for now. By the time I finished posting the short was already triggered, but I missed it (94)
Couldnt post earlier, but here it is. PM And the day, I stopped when I hit the daily loss limit. Missed the short at 60 after 10:15