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Back to test daily resistance. Week and Month levels are still below resistance.

Interesting perspective. imo the best R/R shorting opportunity for GOOGL was late Oct when the stock ran into weekly and monthly resistance on the same day. Today GOOGL did break and close below daily resistance (as I calculate) and still has a little room for more downside action although...

I sent you a PM.

Looking for a short at the 102.84 level if we can get there. If so, would play it back to 102.43 area.

CL is finding support at the daily lower level but can't get any momentum off of it.

Tested 102.9 weekly area. Looking to be long above a break and hold of 102.9, or short with a break and hold below 102.43 (monthly)

Back to re-test the monthly and weekly levels once again.

Up until a few minutes ago the entire day has been contained within the daily range. Waiting to see how we end the day around these levels.

CL U4 contract Playing it long back to 102.9 Stop below daily / monthly level

Longer term view Couldn't punch above the upper yearly level in June. Maybe we revisit that, maybe not.

Another perspective Shorter term view .. fought back above the lower monthly level, currently hitting resistance at the current weeks upper level.

imo... a low risk long entry here with June level currently holding as support and a low volume area below around the same area. If it doesn't pan out there is not much pain on the trade.

If you knew the trend was up why did you stay short? How far does it have to fall now for you to get to breakeven since you have stated you have been short for quite a while now? If you got long in Jan then you need 114 just to get back to scratch.

It doesn't matter to me. I was simply pointing out a statistical fact in the last 14 years. I have no idea if she got a margin call, came close to one, have no idea. I stated several times I am not defending her or her methods. I mentioned the 2 SD as a reference point on how she might...

I did not know that is what she stated. If that is the case, then yes she probably would have been nicked once or twice during that time period. I was using 2 SD as a benchmark to discuss how she or anyone else would have done using 2 SD as a guidepost which I use on some instruments and...

It moved outside 2 SD but ended the month back inside that level. That chart is one of the five charts attached to a post I made on page 21 of this thread. Again, I am not endorsing her or her methods. I was just pointing out how it would have played out if those were the levels she was...

I think most people do understand the concept. Yes it happens sometimes, so does a 3 SD move, a 4 SD move, and so on. Under the right conditions, anything is possible. But if you think like that you should just put your risk capital under a mattress. All I was showing was that "IF"...

Forgot the one that was recently being discussed. Jul-Aug 2011

I am not endorsing or bashing her, but here are some facts with screen shots. Using SPX as an example, What if one were to sell calls / puts, covered or uncovered at or just outside two standard deviation levels? Maybe entering as price approaches one standard deviation level as a trigger or...