2216h EST lost 106 ticks on CL. I am looking what really went wrong with the setup. It seems like Range 13 on CL is too small because CL moves are quite large. Yesterday’s range was small and Range 13 worked well. Besides, I was complacent in my management of risk. I should have taken money off the table went I had the chance and re-enter if I’d believe it would go up. Stupid of me.
I searched for the next prime numbers and came up with 17, 19, 23 and 37. I have found that a larger frame would help see what would be the real trend. So 23 and 37 made better pictures.
It made the 88.6% retrace much clearly on the Range 23 chart. Meets my target at 61.8% extension which is also the 261.8% extension on the Range 37 chart.
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