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No trades in ES for me today. Been busy with CL. Some traders look into correlation to get an edge , clues etc.. For example CL and SPY etc. One has to know when correlations are broken. 30 days number line gives clues. Here are 30 days number line for CL per MF sheet. Ignore...

short 98.54 cover 98.18. Why would I cover short from 98.94 @ 98.44 and then re short 98.54 with stop loss at 98.61? Charts enclosed. Cover 98.18. Early as usual but i do not mind ringing register when i have only 7 ticks risk.

3 sisters set up. All one has to do look at shopster charts. I am getting PM about 30 days number line, levels etc.. There is a reason on page ONE of my journal I shared links to read . I will not be answering questions unless someone has read the book and have question to clarify. One...

If one is a PRICE ACTION based trader then correlation among different asset class does not matter. Unfortunately, PURE PRICE based trading require lot of screen time. Thus some traders look into correlation to get an edge , clues etc.. One has to know when correlations are broken. 30 days...

Mid day trade.

Please use "IGNORE BUTTON" and lets keep the thread clean. Just click on name of a member and you are provided to click on ignore option. This is my request to all the members. Anyone is free to start a journal/thread and if someone wants to converse Zen Student, please do so outside this...

02-12-2012 Mid day. No trades. Sitting on hands and looking at charts etc..

short 99.48, cover 99.02. daily pivot range high of 99.58, stop loss 99.61 with yesterday price action for CONTEXT. 3 day rolling pivot high also @99.58. Will sit on Hands till 10.30 am when energy report comes out. Fish pit traders were not allowed in pit on energy report days till 11 am and...

02-01-2012 es pre open

02-01-2012 pre open es

02-02-2012 Pre open

02-01-2012 . 1st trade of the day 7.32 am

Hi DV4632, I get levels from Fish subscription service. From a friend of mine. chart attached. http://screencast.com/t/vGWbXWn4 I do not understand 1/2 of things on my friend chart but i trust her work. We are all trying to trade probabilities. In the end, so far failed A up or A down...

and here is the trade. Once maverick74 mentioned ES gives more failed A down and A up set ups than any other, i been all over it. Month of January has given about 84 handles off failed A down and A up set ups. I do not why it keeps on doing it and I had not had time to go back and look at...

I am tot sure about message market is sending. Based off 30 days number line of 10 for Emini, I just trade OR. Longs of A down level and short into failed A ups. I will be looking for shorts on bounces once ES closes below 1294.75. Pre open chart for ES.

This is in response to a PM i got asking what so special about ACD. One page #3 of this journal I posted how maverick74 looks at ACD. That's a very good explanation. Mark Fisher firms clears 1/3 rd of daily crude volume. I pay attention to anything he says. Some of the biggest oil traders...

Thanks. Just add ACD to your current system. HVN, LVNs are good but i do not understand them yet in terms of execution. Maybe you can post charts to show levels. I just look at 24 hour session profile and pay attention if couple of days POC line up or when market moves out of VAH or VAL...

Oil Pit Close 01-31-2012

short 99.14 stop loss 99.31 . cover 98.43 ( yesterday low). Man O man. It's days like these which makes CL worth trading. Daily support is 97.68- 97.55. And daily close under 97.12 targets will be 9500-9400 in coming days. Trying to pick bottoms on STRONG A down is not a good trading...

99.20 was support , now 99.30 is resistance. I will short there till taken out. Nothing wrong with 5 ticks stop loss there. Above 99.30, 99.80 area will be short area for me since we have A down. If 99.30 is broken up with conviction , nothing wrong with going long on pullbacks with target...