3/01/2010

A Stop, Pass, Pass, Target, and a Chicken Dance

Perhaps I can only follow a plan for so long in a day before my rebellious nature exerts itself.

Took the stop on the first trade, passed on the next 2 signals due to longer time frame charts not in congruence, got my target on the second trade, and then chickened out of the third trade.

Question is who am I rebelling against?

Crude Oil Chart

7 comments:

Sandy said...

I want to say something cute and profound, but I am hoarse after all the yelling and screaming last night, not to mention a little hungover.....

Cl action looks awfully similar to 6E and well correlated to USD inverse. At least they were trending (unlike those hated indexes).

Solfest said...

A great end to the games.

daytrader233 said...

Oh you Canucks. Don't you always win the gold? :-)

Daniel S said...

Hi solfest....Would you mind telling me why did you entered on those price leves? if there is no problem

thanks
daniel

Solfest said...

Daniel I'm entering on a break of the first blue bar in the direction of the trade.

I watch some longer time frame charts and ignore signals (most of the time) if the 2 minute signal is not in agreement with the 60 and 10 minute charts.

Daniel S said...

Thanks solfest, do you use the 24 hr session or RTH for CL?

Solfest said...

I use the 24 hour chart but only trade during the floor session.