Recent content by FirstDegree

I figure lots of news this morning one right after the other so people are just waiting to get through all of that and then probably after 10am or so it'll start to pick up. That's just my take. So basically CL isn't going to $100 because nobody wants to have a meeting. Sounds good. :)...

Not much going on right now. Seems like it's waiting for Crude Inventories to give this market a jump start today. Breaks of the HOD have been weak and shallow, not a lot of volatility. Volume looks to be where it normally is, but no conviction for either side. I feel like having no trades...

10 tick stops do survive on the extreme breakouts that are real, true breakouts. There is no heat on the trade. My first HOD breakout instantly went at least +8 ticks before I even put the stop at -10. Then I just put it at +1 and let it ride, where I eventually put my target at +20. If it's...

Here are a couple rules to throw into your bag of rules. 1. If price is sticking on the EMA, don't trade until it is able to break away from it. You'll notice that when you took your first trade, price kept trying to move, but then it would come back. Only when it finally was able to get...

Talk about damage control. I was too busy pissing around with the stupid back and forth action previously that I wasn't keeping a clear mind and managing my trades correctly. These last 2 breaks of the HODs have netted me +39 ticks and brought me back to positive on the day. Could have...

I had 5 b/e trades today. I pretty much missed some of the better signals since I lighten up after 12pm. The day was still a success since I didn't get chopped around.

Crude is being bipolar today. Creeping down, being all depressed feeling sorry for itself, and then out of nowhere it's all jumpy and happy and decides to go for a joyride. I can't make any sense out of it. Probably best for me to stay away for the rest of the day.

4 scratch trades for me, one of which went +19 (20 tick target) before coming all the way back. Along with hitting some support, it's also hitting resistance at the 20 EMA on the daily. CL looks like it wants to go up, but I don't think it's really going to get any momentum behind it...

I have to keep remembering... It's never too low to short until I decide to short the LOD, then it will be too low to short. haha Picked up 20 on the ride back up though! .96 to .16 :)

Could you elaborate on this a little bit? Are you reading the Steenbarger book? I remember reading something like this.

There will be a reversal signal when it's ready to reverse. That big bounce wasn't really a reversal, imo.

Ah crap. Forgot to switch over my contract today and I was seeing <500 volume so I was like "eh, Friday, can't trust these signals on low volume, probably not going to trade today." Then I checked ET/CL Thread and someone said something about switching over so I checked the volume and...

Late question: Treasury Budget anything to sit out for in CL?

I've gotten used to the moves that CL makes. I've gotten a feel for it. Sometimes I believe I can gauge the incoming momentum just on feel. It's not something that I can really put into words. Today, however, it just felt heavy. The moves didn't extend themselves. It was just a big range...

I have the 6E on my screen during the day. Basically my setup goes: 6E CL1min ES 5min CL and my DOM is vertical from top to bottom of my monitor to the right of the right edge of ES and the bottom CL. I think I have around 50 some price levels on my DOM. The bottom part of the DOM...