Perhaps this is what he saw. Spike and channel within a head and shoulders reversal.
This is a 15 minute chart. I couldn't get a 5 minute chart to go back to where his trade was entered.
Gordo sent me a 1 minute chart. Thanks Gordo!!
Gordo's setup.
Saturday, August 6, 2011
Richard's Trade?
Richard posted the log of his 2 CL trades yesterday. He didn't post a chart...perhaps he is getting lazy in his retirement ;). I tried to re-create the scenario.
Perhaps this is what he saw. Spike and channel within a head and shoulders reversal.
This is a 15 minute chart. I couldn't get a 5 minute chart to go back to where his trade was entered.
Perhaps this is what he saw. Spike and channel within a head and shoulders reversal.
This is a 15 minute chart. I couldn't get a 5 minute chart to go back to where his trade was entered.
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I think the first trade was like 5 bars before the second one. The next few bars were dojis that went nowhere, so I was out for -3 ticks. I think you placed the second trade correctly.
ReplyDeleteSorry I didn't see this earlier, but I'm on vacation this week and the hotel wi-fi is not very stable.
Thanks for the feedback. I just saw your comment today. Must fix my scan....lol.
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