Search results

I try to do those range brackets after the range has been in play for a while. Last time I failed to bracket a range, I missed a huge move. When they break they just break too fast and you're not sure if it's safe to chase.

Buying 100.90 was actually a strong counter-trend entry. Holding for 103.80 is patience. I took a little range scalp once price finally closed above the 20-EMA earlier, had a bite to eat after that, then bracketed 101.32 and 101.65. No bias, pure price action. ADD: I was a little peeved I...

Saudis firing on protesters caused that??? My old Skypemate and I called that long setup the ATM trade. It's our all-time favorite setup. This is by far the largest move it's ever produced.

I don't know, but it was a NYMEX open double bottom S zone. Also, this is CL. Ask yourself, what's the craziest thing you'd expect it to do and it will likely do just that.

Levels for longs here: 101.76 prev S becomes R 102.12 next actual R to be tested (above .65) 102.37 prev S becomes R

RN, don't start hangin' round this thread. RN, you don't want this! http://www.youtube.com/watch?v=hJQ35sJzRkE

On a somewhat-related note, whoever referred to us as over-caffeinated oil traders in that AP article a while back should take a peek at GMCR and SBUX :eek:

I also cross-reference USO on a 3-min chart with full stochs @ 5,3. I've found that OB/OS levels where fast pivots thru slow is a good indicator for entries in a range and also with-trend pullback pivots. In a really strong trending run, just go with the 1-min CL chart for entries/adds.

Maybe :cool: ADD: There was a the day post flash crash in May where I looked to scalp some 5 pt moves in ES, got 15 pt moves and left another 10 on the table. There've been days in this CL volatility where I looked to scalp 50-tick moves, got 1-pt moves and left more than another pt on the...

Looking at the daily chart I see that the 100.62 support was just a few ticks above the ancient upper channel line from before the madness. (Nov thru Jan pivot lows, parallel line thru the Dec-Jan pivot highs). There you go, Hog, a Paleolithic trend line offers a fine bounce in the down trend...

If you started going long in the mid-90's, you're still quite profitable; this is just a normal pullback-in-progress. If we break 98.00, they'll get worried :p

No, no, I shorted @ 103.16 when it hit its head at on 103.31 about 4 times. I'm trading the trend in pieces today, in retrospect could still be holding, but so much volatility, so much retracing of entire moves, I prefer taking pieces at a time. :)

Bounces off lows in CL are always worth it when you jump in early and boldly!

No pain, been trading with the trend, with the exception of what I thought was a failed final flag, but did SAR for scalp long and another sweet push short. This is getting a bit cooked, but 100.37, 100.15, 99.54 and the 20 day EMA still in play today, IMHO

Support Levels in Line: 101.55 101.11 100.37 100.15 99.54 Daily 20 EMA - 98.86 Prev S becomes R @ 102.36 I had a good short entry @ 103.16 off previous 103.33 becomes R a while ago. I was so tempted to place a sell limit at 103.30, but this thing's so volatile, I though it...

i believe you are "undercapitalized" :D

Just in case you think NoDoji is the perfect trader, taking every setup when triggered, then managing each trade with precision, I offer you some comic relief from the other day: http://www.elitetrader.com/vb/showthread.php?s=&postid=3114760

Matcha, start thinking in terms of profit targets. Protective stops are easy: You put on the trade and place a stop where price would invalidate the setup. You're positioned and your stop is in. NOW...no more thinking about anything except where you will initially expect to take a...

Hey guys, good day, I traded very much with the trend, waiting patiently for setups, and that paid off well I missed that late day drop to new lows because I didn't have my stop order placed in advance. I've been annoyed by the slippage when levels break, so I've been cheating on entries...

Sorry about your loss, TZ. I've been there on many a swing trade in my earlier days of trading. For me "swing trade" used to mean "I think price has run too far and has to come back soon, so I'm going to hold this trade until it does or until I'm forced to puke up sizable chunks of my...