patrader

15m 6e chart(three pushes to tcl and now back to tl)

15m 6E chart

15m ES chart

15m 6E chart

15m 6E chart

YM 5m and 15m charts(2/4-2/5)

CL Daily chart(three pushes into support)

240m CL chart(nice three push wedge)

15m and 240m CL charts

15m 6B chart

15m ES chart

240m 6B chart

240m ES chart

240m 6E chart

15m 6e chart

Price came up to a larger degree wedge but there was no major resistance level at that point.Price has pulled back to previous resistance that is now support with lots of overlapping bars in a trading range.

When you find yourself drawing lots of tcl's that price keeps pushing thru forcing you to redraw increasing more steep tcl's than your probably looking too hard for a ct trade and should be thinking trend trades.Also when price strongly goes thru S/R levels without even pausing then think trend trades.HTH

Trend days have lots of "thin" areas with continuous large trend bars and very little overlap.On trading range days price is constantly pulling back to test previous minor breakouts with lots of overlap creating "thick" areas.Trending trading range days are the same as trading range days except they are slowly grinding in one direction most or all of the day.

Excellent post.On 2/2 price was in a strong trend and just pausing for a few bars before continuing up thru any minor resistance that formed.When wedges are failing this is a heads up that you should be thinking strong trend and trade with trend.On 2/3 price is in trading range and bouncing from top to bottom of range.Wedges were working better especially when they formed near the top of the trading range.Selling the top and buying the bottom until price breaks out of the trading range and starts trending again would be advised or just stay flat.

15m 6E chart

EIA Petroleum Status Report released 10:30 est

Good eye but don't forget to draw your support lines

15m 6E chart

15m 6B chart

15m 6E chart