August 19th

CL +.41

Took some break out trades this morning to the down side. The first one was a loser that I took but the trade actually gave me a few chances to get out break even or 2 ticks to the good. Trades #2 and #3 were quick scalps on the way down. Trade #4 is one that I am really proud of. I stayed in the trade the whole way and managed it all the way to my target which was .32 the trade went to .31 before retracing a little. I used the ADR for CL which is over 1.00. When I entered the trade, the daily range was around .60 so I figure the trade would move another .40 ticks. It worked out very well. :-)Trade #5 was a trade with no heat basic pullback to support that filled me right at my number .37 and hit my target with no heat.