CL Redux

[frank8800]

Quote from Picaso:

And remember to demand a pay rise for Frank's wife

Yipee!

 

[frank8800]

Quote from frank8800:

Sim long 74.48, target .20, stop .15. Looking for that aforementioned bouce off the 20 ema, but my entry looks a little late.

Tightened my stop to .11 Looks like it's flattening out and could go either way.

 

[mrbochin23]

If we close this 30 min bar under 74.47, I am short at 74.46.

 

[Picaso]

CL correlations. I'd say Kid is right, it looks choppier than usual.

Oil news (hurricanes, refinery, etc.)? I'm sure this lateral congestion isn't helping either.

 

[frank8800]

Quote from frank8800:

Sim long 74.48, target .20, stop .15. Looking for that aforementioned bouce off the 20 ema, but my entry looks a little late.

Stopped out 74.36.

Down 44 ticks so far. Jeez.

 

[mrbochin23]

Quote from frank8800:

Stopped out 74.36.

Down 44 ticks so far. Jeez.

So far this is a market in balance, we have failed so far to take the high and lows of the day, waiting for a re entry at 74.47 if it failed to take today's high.

 

[frank8800]

There's that bounce off the 20 ema. What a great call. What lousy timing.

 

[mrbochin23]

Quote from mrbochin23:

So far this is a market in balance, we have failed so far to take the high and lows of the day, waiting for a re entry at 74.47 if it failed to take today's high.

Good information that I found yesterday in a Market Profile book:

• BC ( 10:00-11:00 AM) makes high or low 69% of the time
• BCD (10:00-11:30 AM) makes high or low 80% of the time

 

[bearmountain]

Quote from Picaso:


Are you buying this pullback, Kid?

The last pullback around 10:30AM was actually a good trade. finally paid off, not that I took it of course. hard to pull the trigger near HOD.

 

[EON Kid]

Quote from mrbochin23:

Good information that I found yesterday in a Market Profile book:

• BC ( 10:00-11:00 AM) makes high or low 69% of the time
• BCD (10:00-11:30 AM) makes high or low 80% of the time

mrbochin

How did you learn MP and what are you preferred books on the subject?