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Out .44 -5 will short .34

Will short .39 with a tight stop

Looks primed for a move down to 87.80

Friendly reminder NO inventories today, beige book 2pm EDIT just saw prior posts referring to this :-) Best page for news IMO is: http://www.forexfactory.com/calendar.php Change the filter so it only shows USD-related news, and it will give everything relevant to oil. I check this...

So you've caught the whale, and now you want to fish for a few trout eh? ;-) Nice trading V

Good call DC

nice trading guys -- i longed .07 at 9:48 and took it all off at .40 -- wary of these deep retraces as we always see unless it's in capitulation mode

Out .66 -- and perhaps quite bad timing on the exit

Will buy .66 with a close stop

The round number is providing its usual batch of sellers, and last week's VWAP is 87.90, which I failed to see earlier, but I would be surprised if that's enough to stop the train.

If we break up with conviction above the 87.50 area, the upside target is IMO clearly 88.80 to 89.00 -- nothing I see that will stop it before that.

The following highlighted areas are the buy points if you're looking to be long. Aggressive is black (8600), followed by more conservative levels on the way down.

Thanks mfb--I will consider getting the book, thanks for the info!

Hi MFB, nice trading today -- I had to leave early (as I do every Tuesday, around noon to 1pm) , and missed the nice move up near the close. I did a little searching on ACD, and found this quotation: So with how you use the method, is it very mechanical? The trades you take seem to be...

Took a quick scalp, short .39 below big bids, and out .24 for +15 .. very quick.

I suppose if you're on the right side of it's fine, but it adds an element of randomness to the market that we just don't need as traders. News-driven spikes are different and even when the news is not scheduled, they're still calmer. This type of spike (though this one was not that large)...

Hope none of you were just caught out by that garbage algo spike we just saw (11:12am ET). Complete BS. (I was flat just watching, but still, I hate it for folks who get caught by random computer-only driven spikes).

Nice one -- could not pull the trigger at the DT, wanted to short .45 soooo much ... I have this sinking feeling that I may have missed my long ... .20 was my second shot buy point and I did not take it.

Out .59 +21 ... spooked a bit by strength of sellers here.

I am long .38