Got my first long at 82.50. Will be scaling in down to 80, stop at 77.
If we start to approach 80, I will hedge the overall position to limit losses on the off chance that startraitor is right.
hmmm seems unlikely but possible...77 has been pretty stable support looking pretty far back.
obvs. anythings possible but would be strange to see it pull back that far without a major catalyst of some sort
(maybe the volcano will do it....if it gets worse)
startraitor thats pretty funny.
82.30 seems reasonable...could hold.
just noticed it sliced down.
i think i will adjust my scale in to start around 82.50. im itchin to get long somewhere in the low 80s.
Now i see what you guys are talking about...
im focusing more on that lower trendline. Longer, stronger, and seems destined to be hit.
That more recent trendline is pretty aggressive given current market sentiment.
It does seem destined to fail.
On my daily chart i have a long term trendline with support around 80. I've barely used long term trendlines on CL so it may be bullshit, but I'll be looking to get long starting at 82 scaling in toward 80.
Hi,
Can anyone recommmend any service or website that provides good charting capabilities for futures markets? Specifically, i'm looking for one that will enable me to analyze daily charts over long periods (using continuous contracts, i presume).
I use NinjaTrader for most intraday...
Extending your automation to after hours seems like an idea that will lead to disaster or at least negative unintended results.
I think your better off just ensuring you can manually baby sit any afterhours trades, or else not trade them.
End of week update:
Had probably the single best week trading at scale i've ever had. Made around 11% net on my total portfolio. This brings me out of drawdown and 9% above my previous high (i was at 2% below my former high).
This also puts me up 35% or so for the year.
My...
I vote rally... it does it every other time there is a big selloff, why not this time while i'm long. picked up a small position at .32 will hold if lows of the day hold.
Fixed.
Did anyone have failed trades who doesn't use MB Trading?
They told me it was on the exchanges end....i would like to understand the truth so that i can figure out if i need to switch brokers.