33-72: We offered the Trust to the heavens, and the earth, and the mountains; but they refused to bear it, and were apprehensive of it; but the human being accepted it. (But) He was unfair and ignorant."
1st at before opening, missed it as am out station - thinking it will be like a regular Wednesday EIA. Forgot that holiday had freshen up traders.
2nd.. signal happen near ema but have doubt of it caused of lack of "market structure"... then it gone before I have time to think further.
IMHO, market structure strategy HH LL has little value in CL and today action pointed it again.
Tight stop and need to use extra 2 ticks.
Short direction was correct but proved too soon with tight stops.
However the 10 ticks lesson was not lost.
Now I knew the timing of using it and type of chart that superior for me - OHLC bars ps. Again,: I need to follow that EMA
Again, profit on paper 6 tick then vanished ended with -8 ticks.
As market made new high -- it want to go high yet I'm trying pullbacks.
Easier to make money in CL following the trend, most of the time.
You better not trying to be a hero with CL.
So dont ignore that damn ema line for CL.
1st trade cutloss was too tight, now adjusted...loss 7tikcs..then came 2nd setup I 'm guessing the validty even itis a totally diff setup and also the 3rd setup. Obvious that I'm shaken after 1st trade , also the body is not that fit today -0 can affect the mind..Next...
(POST TRADE ANALYSIS- DIVERGENCE SET UP IS NOT THE KEY, THE KEY IS THE MAROBOZU ENGULFING CANDLE)
post trade chart below - the whole truth that totally invisble before, too late after the fact...
post trade chart - seemed I lost opportunity in 2nd trade..
from now on I use candle and bar - bar chart for closing price, candle easier pattern spot.
I closed pc as I feel the market sluggish..- I'm correct before close pc but wrong after it - the market move fast..quite frequent this happened to me...I saw the cloud but cant see the silVer - a moment gone forever.