Exited the trade at 4520 What a day! $2500 profit for the day The rationale behind all these last trades was weekend fear buying. A tight stop loss in the beginning little loss even if I was wrong.
For monday I am expecting any upside move to cap at 4660 level and then head downwards; till 4500 in the European session and may drop further to 4300 in the NYMEX. Ill be looking to short around 4650
Aloha mate... Il be interested in following your journal, as you made some very decent trades and lots of great contributions to my journal.
glad someone finally started a cl journal. It will be fun to have more people to bounce ideas off of. Do you purely use ta or do you use other commodity correlations to cue on. i just started trading oil this year and im finding it very enjoyable to scalp. Usually only trade it between 7:30 - 10:30 still have a real job :-( here is what ive squeezed out of it so far.
ALoha mate, always nice to come into contact with other oil traders... You got a very big account size for someone who still does a 2nd job at the same time tho.. If you into day trading crude and wana chat with me, usman, and a couple of other oil traders daily we would be happy for you to join our little group in my journal... http://www.elitetrader.com/vb/showthread.php?threadid=134046