Make it tighter with the 20, 30, 0.16 settings.

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ab1, This is why I like this with oil. Breakouts are an everyday affair. That post that FH highlighted on a narrower range seem to work well for oil too. A 40 tick 1:1 RR seem to work. GDP and EIA crude inventory reports tomorrow. I don't usually ...

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2 CZs in oil I took out the 1.272 in both directions. I don't use the 1.323 or 2.681. I use the 1.272 and 3.333. End of day.

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I do not recommend anyone to try oil unless you are extremely comfortable with extremely high volatility. Forex becomes like watching paint dry after oil. I use MT4 FXCM continuous contract to plot after a few weeks using sqalou's indicator but I ...

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I do agree. Oil is so volatile that range extensions to both ends is really possible. I have seen it. You can ride the direction you want but you cannot be that greedy. You can get the signal to go the opposite direction but do you want to? Have you ...

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There is no perfect way. A very sure way is when you use the breakout indicator, most of the times 61.8 extension always gets taken out. Though the risk of 30 ticks to a profit of 17 to 20 ticks is not a 1:1 RR, if you can observe, the win rate is ...

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Hi ab1, Yes. I am the one who takes it early as well. Many instances that the crude oil market is way gone before a confirmation. When it happens, opportunities are lost. I'd rather risk manage the account and go for the plan. eg, 2 trades, cover ...

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Hi and ... — Hi. I have been reading this thread on areas of consolidation. forexhard, thanks for you insight. I trade only GBPUSD, but more on crude, both crude light and brent. Your method has clarified my observation for a long time. I ...

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