Adventures in Trading with a Killer

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treeman said:
What’s your ideal holding time on cl? I’m looking for it to hold a very key level of 66.50
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Me thinks, were in this CL channel. 66.70 to 65.52. That being said i would be watching momentum very carefully. Even if the 30mn bands are spreading we still have the 70 area close above and we are still on the top side of the channel.
 
treeman said:
What’s your ideal holding time on cl? I’m looking for it to hold a very key level of 66.50
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This mornings breakout sweet spot was the close of the 9:29am bar, would have delivered 30 or more easy points. If your looking for another step up after a long consolidation it could happen???
 
treeman said:
Got it. We are speaking different languages
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Sorry dude, if your asking me how long before i exit after i enter? Not long at all, i look for turning points so i'm looking for instant gratification. But 50 area looks to be key break point for momentum. hopefully i improved my Spanish.
 
Yes, the instant grat stuff. Very far from my style. The 66.50ish level is a strong resistance level that goes back a ways. It sounds to me as if you’re not the least bit concerned with a weekly or daily chart. That’s cool.
 
treeman said:
Yes, the instant grat stuff. Very far from my style. The 66.50ish level is a strong resistance level that goes back a ways. It sounds to me as if you’re not the least bit concerned with a weekly or daily chart. That’s cool.
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Actually not true, daily is needed, not so much on the weakly.
 
Yeah, the monthly time frame is also very important for me. As is quarterly. And yearly (look at it quarterly). Different languages ;)

For me if it drops below 66.50, I should be flat or short.
 
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