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10.20 am . CL is back up @97.10. I am short again @97.08 with stop loss @97.21. Will be booking profits if I can with small target to get free trades.

9.16 am short 96.84 stop loss 97.01. Narrow pivot range did not disappoint. It just does not tell us which direction the move will be. OR for me is 96.99 to 95.54

12-20-2011 . Pre market thoughts.

Price action based trading with ACD. I do get stopped out 2-3 times a day with 2-3 losers a day. With my style of ACD trading, 80% of the time trading CL is a battle and then 20% of the days we have TRENDS.

Here is one way to trade based off price action and RULES set by ACD every day. I do get stopped out 2-3 times a day and have 2-3 losers with stop loss. For my style of trading- 80% of the days CL trading is a battle and then we have 20% of trend days.

No late day Cup. There is a reason it's once in a blue moon set up. I have only seen it 5 times in 2011. Past Friday is a distant memory. Monday took care of it. Cheers CL traders.

stopped out 93.91 . long 93.88 out 94.44. waiting for shorts or to go long after C up.

cl 12-19-2011

One can buy from www.thinkscripter.com for one time fee of $65. all the studies. There are like 20. I only use or, pivot range etc.. One can also subscribe to MF service for $1800/year. www.mbfcc.com after reading his book. double check if thinkscripter has 3 day rolling pivot and daily...

Pivot tracker value of 3 ( Yum) . 12 day cumulative ABCD -5 and 30 days 8.

I had BAD trading day on Friday. All due to my desire to trade with size. I try to trade with size couple of times a month and mostly get SLAPPED. My system gets re balanced and i go back to more manageable position size. Sooner or later , I will learn how to trade with big position.

Even though ideal target is 93.70. I covered short @94.12 @ 8.06 am ahead of 8.30 news plus today is a Quadruple witching day.

short 94.70 @ 7.40 am stop loss 94.81

stop out @7.36 am

Hi Maverick74, I am kind of pissed off at MF help desk. I asked them couple of times about 12 day cumulative number line as noted on their daily sheet along with 30 days cumulative number line. Every time they said, they do not pay attention to it. Maybe they did not understand my question...

CL futures 7.05 am short 94.36 stop loss 94.51. Top of trading box. If it stops me out, no harm and if it fails, potential profit are worth the trade.

Sentence should be " service i subscribe to by mark fisher" not " my Mark Fisher" (lol)

CL futures days support 92.25-90.09. Resistance 95.28- 95.48 1) failure to extend breakout now alerts for a bear failure. A close over 96.34 signals a breakout failure and a turn around. 2) the odds of this market taking yesterdays low in the next 2 trading sessions around 69%. These...

A sell of 94.44 into Pit close gave good risk -reward trades to European traders. Magic box trading. Box seems to be 94.40 to 93.50. One has to wait 30 minutes or more to get 40 ticks or so.

Yes, maverick74 I do not know. A phone call to Lou will be helpful to all of us. Also, ask him why they prefer to use 30 day cumulative number line vs like you, who starts from zero every month. Maybe 30 day cumulative line is for swing traders , whereas your approach keeps one more in tune...