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01-11-2012 Intra day

01-11-2012 Pre Open. One catalyst on the HORIZON for one sided day is continued strength of DXY.

I forgot to mention that on Tuesday at 4.30 pm we get API ( American Petroleum Institute) numbers for Crude. This report most of the time causes whipsaws of 40-80 ticks.

www.mbfcc.com

End of the day. 01-10-2012

Mid day 01-10-2012. Biggest improvement I need to make is to get less excited when we have an A up or A down. Trying to improve my sense to gauge the PACE of the market properly and stay away from indicators as they played with my head all day pointing in wrong direction . For example at 102.40...

9.05 am. reshort 103.32 , cover 102.72 @ 9.24 am ( Times are approximate). A LEVEL IS A LEVEL TILL IT GETS BROKEN. OR 103.36 -102.88. Why OR is at these levels? There are no ACCIDENTS in trading. Every day, I am neither BULLISH or BEARISH till A up or A down is confirmed.

8.56 am. As mentioned key resistance is 013.40. short 103.38, cover 102.96. Ideal target is 102.60 but i like to stay flat at 9 am open. MF subscription service ANALYSIS has been on the MONEY since Jan.2 nd and all year 2011. It's surprises me that he does not charge more for it...

pre open 01-10-2012

End of day, tried couple of shorts and got stopped out.

Buyers showed up to defend $100 level. Long 100.22 out.100.70 When we have A down /A up and i take a counter trend , i get out with 30-50 ticks into intr day resistance. CL can come down and break 100 level like it was never there. Thus on bounces , i want to be ready for shorts.

Short 101.24 Stop loss 101.41. cover 100.54. Now long 100.43. stop loss 100.38. Below 100.40, 100 is target and so on. Nothing SECRETIVE here, just COMMON SENSE. Mark Fisher book title " The logical Trader" is for a reason. It either works or does not.

short 101.80. Failed A up set up. Out 100.60. WE now have confirmed A down at 10 am but at support of 100.40. waiting for bounce to 100.90 and then 101.40 to short. Missed the long from 100.44. Will go long if get an other opportunity.

pre open 01-09-2012

LOL. I am trying to be as clear as i can. Pre open chart with levels, intra day and end of the day. I guess there is a reason confused people mostly stay confused. But I hear you, will try harder.

People can always ask questions for clarification. Hopefully other traders except few who participate will start posting charts, set ups etc..

None.

"Morning and intra day trades. There are no SECRETS in trading regardless what anyone else says. Magic levels, special stop loss etc.. Trading requires logic and common sense. Trading box is now 101 to 101.80" 2.30 PM: Did not get any shorts since last short from 102.70, but MAGIC BOX...

Morning and intra day trades. There are no SECRETS in trading regardless what anyone else says. Magic levels, special stop loss etc.. Trading requires logic and common sense. Trading box is now 101 to 101.80

GS and MS numbers get CUT BIG time. sector to watch for clues