Price was still above the 5 min opening range, where I saw basing and an impulsive break to the up side, so I took a long on the retrace back down with a 13 tick SL and TP just above HOD.
Unfortunately, I was stopped out. C'est la vie
++18_12_2013_Trade%231_Update1.png)
++18_12_2013_Trade%231_Close.png)
Wednesday 18 December 2013
Today's CL trade
I had an opportunity to take a long on the open, based on my with trend 'Retrace, base and break' method. But I declined it. After that, price did not pull back far enough to get into the up move. After the Oil inventory report, price fell with larger volume than the inventory bar.
Price was still above the 5 min opening range, where I saw basing and an impulsive break to the up side, so I took a long on the retrace back down with a 13 tick SL and TP just above HOD.
Unfortunately, I was stopped out. C'est la vie
++18_12_2013_Trade%231_Update1.png)
++18_12_2013_Trade%231_Close.png)
Price was still above the 5 min opening range, where I saw basing and an impulsive break to the up side, so I took a long on the retrace back down with a 13 tick SL and TP just above HOD.
Unfortunately, I was stopped out. C'est la vie
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