In Trading Hope is a Four Letter Word

Let's see my quote as of 6:51 am was, "hopefully the best trading is not done for the day".

Right.

Nine signals in the day, I took the first 6 and then quit with 4 BE + 1s, 1 full stop, and 1 partial stop.

The crude oil contract came close to going limit down this morning, but then spent the rest of the day slowly grinding upward.

In case your wondering what happens to crude oil if it goes limit up or down, I revisited that scenario this morning.

Maximum Daily Price Fluctuation

"$10.00 per barrel ($10,000 per contract) for all months. If any contract is traded, bid, or offered at the limit for five minutes, trading is halted for five minutes. When trading resumes, the limit is expanded by $10.00 per barrel in either direction. If another halt were triggered, the market would continue to be expanded by $10.00 per barrel in either direction after each successive five-minute trading halt. There will be no maximum price fluctuation limits during any one trading session." Source: NYMEX Web Site

Our risk management kept us safe and we shall see where we go tomorrow.

$100 oil is not far away.

13 Tick Renko Crude Oil Charts (click on chart to view)