Charts of Note

CVX Short
XOM Long

Chart 5

Progressing to a 2nd Layer ?
Bigger gains traditionally found there.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3763098>

CVX Short
XOM Long

Chart 5

Progressing to a 2nd Layer ?
Bigger gains traditionally found there.
 

Attachments

A very important reply I made on another thread to a poster who considered my CVX / XOM trade (above, on silver charts) is probably not going my way and speculates I may, going forward, be wanting to "average" in, meaning double up or something like that. I don't like those discussions on this thread where I like to keep verbiage to a minimum here. Anyone wishing to post relating to my charts is best doing so like that poster did at either one of the following threads referencing the trade advisory stock symbols such as CVX / XOM).

My reply to the poster who thought I might be in trouble with CVX/XOM:

Spread Trading Strategies:
http://www.elitetrader.com/vb/showthread.php?s=&postid=3765352#post3765352

OR (identical)

Pair Trading Strategy Journal
http://www.elitetrader.com/vb/showthread.php?s=&postid=3765506#post3765506
 
Quote from deucy28:

CVX Short
XOM Long

Chart 7

(Chart 7 is at previous post and removed from this quote for space purposes.)



This post is to explain more thoroughly the narrative at bottom of Chart 7 stating one could exit both levels for a "net break-even" result.

Simply go to either link below for explanation as to why one may wish to close out both levels of trade in CVX / XOM. The links are identical explanation.

Pair Trading Strategy Journal
http://www.elitetrader.com/vb/showthread.php?s=&postid=3767704#post3767704

OR identical narrative at:

Spread Trading Strategies
http://www.elitetrader.com/vb/showthread.php?s=&postid=3767753#post3767753
 
CVX Short
XOM Long

Chart 8

Read chart's title bar for choices after this nice end of day score.

Clarification to narrative below the chart: The use of the word traders' refers to the world of traders that may wish to follow and trade these advisories, not to the poster.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3768277>

CVX Short
XOM Long

Chart 8

Read chart's title bar for choices after this nice end of day score.

Clarification to narrative below the chart: The use of the word traders' refers to the world of traders that may wish to follow and trade these advisories, not to the poster.
 

Attachments

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