The Porridge is Just Right

Crude came to life today, don't know why and don't care why.

Ok I do care but since I don't know why I just said I didn't care.

I think I may have stumbled onto a nice system for setting targets. If not "nice" then at least one that is rational. Don't have the stats to back that up but I do have a few years of staring at this thing and have earned a bit of a feel for it.

I hope.

Anyway I am using a percentage the 5 day ATR and then setting the actual target number to the first fib number under that percentage.

Could all be a massive case of recency bias but seems to be working nicely for now.

I only got 2 signals in this massive move up today as the signals stopped due to the EMA spread.

Both hit target and that always makes the "just watching" part of the day a little more relaxing.

2 Minute Crude Oil Chart

Obviously with the right side of the chart filled out I left a lot of porridge on the table today. (and the day's not over) That's ok, the right side of the chart was blank when I exited. I traded my plan my way and it all worked out.

Nice day.