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Possible reason why it took 6100 cars to break 99.20 level. daily pivot of 99.05, daily pivot range of 9.12 and 99.01 were all there also. So, we really needed FORCE. You and I not going to break that level(lol).

Out 99.24. We have an A down confirmed. Will be looking for shorts at OR lows of 99.75 and 99.30.

Wow they broke 99 with FORCE. long 98.82 stop loss 98.69. trade is off yesterday close of 98.78. CL will have to go above 99.30 to have some upward move to 99.80 area.

Cover 99.44. will be looking for longs 99- 9.20 area.

chart for E-mini

short 1316 stop loss 1321. Cover most at 1305. We have A down.

short 100.18, stop loss 100.31. 1st target 99.75 and then 99.50 area

Cover 100.08. flat

short 100.62 , stop loss 100.81. target 100 area.

cover 100.44. flat

Looks like EMOTIONS have settled down a bit. Short 101.16 stop loss 101.31 target 100.70 and then 100.50

01-31-2012 Pre open e mini

Above 100, next POC and resistance 101.50 Sitting on Hands. Wide OR 101.04- 98.75 01.24 and 01.25 POC line up at 99.20 is area of interest to me for LONGS if it gets below 100. CL is up and up. All I can do is not to short till EMOTIONS settle down.

01-30-2012 Pre open. With 30 days number line of -16 ( unlike E-min which has +10 number), I am CAUTIOUS of CL rallies and trading breakout. 8.00 AM. short 100.12 , stop loss 100.21. target 99.70 to 99.50. Pre open Volume is not there to GUIDE so i book gains quicker VS when trading...

CORRECTION: We did not had a confirmed A up. as noted on the chart.

My short after A up was as a result of shopster post. I was looking for longs and after looking at his post, i switched and shorted CL. That's the purpose of this journal. Share and Learn.

01-30-2012 Oil Pit Close. Weak A up and failed C down set up.

"once you fully understand this market maker mentality in the game, you get to win." Thats one of the areas i am hoping to get better understanding off. Thanks for posting charts.

RESISTANCE chart

01-30-2012 Failed A down in ES again. Just amazing.