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Analysis of 02-22-2012 price action based off 02-21-2012 Profile.

Failed C down and failed to break Asian session low.

Finally, system paid off long 105.72 out 106.45. Early again but it's O.K +73

Long off 105.70, out some 105.98. failed c down set up. +28 At least one set up worked for some thing . It's been a difficult day overall. But the good thing is as Mark Fisher says if the trade works, you are a GENIUS, if a trade fails, blame it on the system (lol).

On 45 minutes OR of 105.60-106.12, we had an A up. It turned out to be a weak one as price pulled back to OR low area. Now, if price stays below 105..48 area for 20 minutes we will have a C down. After A up, i took long around 106.12, expecting CL to take out 106.50 but it failed and i got...

02-22-2012. Nothing but stop outs and scarps since OPEN for me. As I said, i do get stop out 3-4 times a day. Today is a good example.

02-22-2012 pre open

I have received lot of questions about support and resistance. I subscribe to multiple subscription services. Attached sheet from Global trader www.gr12.com is my favorite and the only one i pay attention to. My friend who introduced me to Crude Oil futures trading and different aspects...

Crude oil- monthly balance area

Weekly long term chart of crude oil showing how price has moved from one balance area to the next. it's good to look at path traveled in the past.

Per my OR which is 45 minutes, there was no A down. There may have been A down for smaller time OR traders like 5 minutes etc.. I have loosing trades every day. I have 2 this morning before open. they are always 10-15 ticks loss. I do not have time or desire to post every trade. I am just...

One level gets taken out with FORCE, price moves on to the next level till it stops for a breather .

long 105.54. out 106.20 ahead of 106.38 CHVN and 106.50 level. +66. Short 106.42, cover 106.16. +26. We have A up confirmed 10 minutes ago.

I am not very good at drawing channels etc. Today was a good day to practice. The more i draw these, i like them but always with ACD, market profile, levels etc as BASE. On small time frame channels etc.. do not mean much. On hourly, daily, weekly and monthly they do provide nice clues like...

If it does not go down , it must come up. DX was there to help. Long 104.92 , out 105.28 +36

02-21-2012 Nothing but MESS after 9.15 am, so far

short 105.36 off 105.50 resistance. resistance level posted in pre open chart. Cover 104.82. +.54 Ideal target is 104.40, then 104,24 and so on but it already has bounced off 104.70-104.80 level twice against me during Globex session, so do not want to push my LUCK.

02-21-2012 pre open

short 104.99 on bounce after trading box was broken.

02-21-2012. 6.24 am. long 104.90. stopped out 104.79. -11.