Here is an excerpt from the trade room this morning:[6:26:11 AM] brad : gm guys
[7:05:49 AM] Val Trader: gm
[7:54:16 AM] Richard : gm all
[7:54:27 AM] Val Trader: gm
[7:58:31 AM] Val Trader: look for possible top at 80-81 on cl
[8:01:16 AM] Richard : auction point?
[8:01:28 AM] Val Trader: hvn
[8:02:52 AM] Val Trader: found resistance but it could turn to support we will see
[8:06:32 AM] Val Trader: got to be thinkning new low on the chart with a good divergence call so man up – hold something for a new low
That was 2 minutes before the actual high of the day was made at 96.81 and 3 minutes before we entered Divergitrader short positions based on a magenta regular divergence short print. Everyone held for tremendous profits today. The lead up to the short position was a good pre-market evaluation of volume profile and a contextual understanding of where price was in relation to where potential OTF (other time frame) sellers were. Of course, the rest is history. Here is a pic of the day and this morning’s entry at red down arrow. Day trading the CL or any market with volume may not be easy, but it can be mastered.