CL Trades 9/27 to 9/29

CL Trades 9/27 to 9/29 

Had CL shown an extremely bearish pattern at the top during globex today, I would have held my trade from yesterday through oil release. But nothing remotely bearish developed, so there was nothing left to do but to sell another contract in the hope that if oil were to hit S1 (which is slightly below my fib ext 138.2% - and I decided to go with fib projection) before oil data release, then at least I would be compensated for mental distress. Others simply call that averaging down of course.

It's clear that I am still not happy with what happened on Monday. Hence I will call it a day now before I do something totally uncool. 

First chart below shows the lack of bearish or bullish pattern supporting an entry today to leverage momentum from oil inventory report. Second chart shows the opposite - a clear bearish signal developed on both the day before and on the day of last week's data release, and the entire setup is my favorite "3rd Touch" pattern. I didn't take the trade of course, since I was too busy trading garbage setups. The good setups just look too good to be true.

CLX0 15min (Sept 27 - Monday), (Sept 28 - Tuesday) and (Sept 29 - Wednesday)

CLX0 15min (Sept 20 - Monday), (Sept 21 - Tuesday) and (Sept 22 - Wednesday)