Recent content by oftrader

From one newbie to another: Although I dont track GLD and I am a day late because the move you were looking at has already taken place or started, I see the same thing - weekly A down at 126.2 and it failed. I have no idea about the relationship between GLD and GC but you probably know that GC...

I will have to figure out a way to trade this better given my capital constraints but in my head, I have been long every since the QTR failed A down around 11th-14th of last month Then lets count the opportunities to get long as I have learnt from Mav's posts. 01/21: After breaking into the...

Hey Mav, just wanted to thank you again for sharing your thoughts on this thread. Ever since I incorporated the longer term levels into my charts, everything makes so much more sense. I am still trading just CL but it does not matter. Before, there was no way I would have anticipated support at...

Thanks. This no longer surprises me. CL held the first 2 week pivot high today. Came off only 4 ticks before bouncing off. Although I didnt take the trade, I made a mental note when price broke back below the monthly pivot low and the retrace was rejected, that we most likely would see 95.25...

Wow, same story. All the Nov, Dec unrealized p&l starts to disappear now and its just the beginning. Got 2 more months to go. Question is, if all these wizards are losing, who is on the other side? Guess its too hard to tell.

There was a moment there when I had goose bumps :). Before, I would not have a clue why price was doing what it was doing. Mav, I think I found my eye doctor. Thanks for the glasses. :)

Exactly what I am staring at.

Thanks. Didn't know that.

Believe it or not, I shook hands with the man once. Obviously, he did it out of courtesy since we were all going up in an elevator with my CEO. I thought he still runs Centaurus? No?

Same thing today. I had 96.28 as the ADR lower limit and CL made a low of 96.25 on the day. But, I do get confused on days like today with a huge euro session range. Especially when we confirm an A down and then price retraces back above the A level and into the OR. I havent really thought about...

Here's how I have understood it and seen some really good results. This is for futures only. I calculate the previous 10, 20 and 30 days average daily range (24 hour session). Then I take the min and max of those 3 values and discard the middle one. Then for the current day, add those 2 values...

Thank you.

Very well put. Thanks.

Thanks. Thats the next thing I am adding to my charts - the number line. I dont mind being slow at getting this as long as I get it right :). Thanks for your help.

CL has been long in my observation since I posted this. I am still new to this way of looking at charts so just sharing my observations/experience here but since the failed QTR A down it looked like it would bounce and break but hung above the mark and the now made a weekly A up yesterday...