CL Redux

Quote from BCE:

A bit discouraged as I couldn't trade in the middle of the day and it looks like I missed some relatively easy money. :) Oh, well. There are more opportunities coming right up. The 97.20-30 or so longs were so obvious as was the 99.20-40 short earlier.
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Having been in the trenches throughout the day, I can tell you that in retrospect the 99.20-99.30 zone short looks obvious, but at the right edge it just kept looking long to us trend-followers. It wasn't until the 12:35pm ET bar closed that I took what felt like a very counter-trend short on the break of that bar's low and I was ready in a heartbeat to flip back to the long side. Turns out that little triangle broke nicely, but I still worked one more long before it finally (about an hour later) became clear there was a new trend in town offering the easy money :p
 
Quote from NoDoji:

Having been in the trenches throughout the day, I can tell you that in retrospect the 99.20-99.30 zone short looks obvious, but at the right edge it just kept looking long to us trend-followers. It wasn't until the 12:35pm ET bar closed that I took what felt like a very counter-trend short on the break of that bar's low and I was ready in a heartbeat to flip back to the long side. Turns out that little triangle broke nicely, but I still worked one more long before it finally (about an hour later) became clear there was a new trend in town offering the easy money :p
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CSW = Coulda, Shoulda, Woulda = after the fact = "easy money". :D

Did you see that Picaso exposed your system earlier? Of course it's one thing to see it, but another thing entirely to know how to operate it. :p

http://www.elitetrader.com/vb/attachment.php?s=&postid=3122815
 
I was doing some other work just now and looked back at my charts and saw that CL had spiked up to above 105 and then there was a big red candle down and I was startled and thought, "Wow! What happened?!" Then I remembered I no longer had the 5 min chart up, but earlier had looked at a weekly chart which was still up. :p :D
 
Quote from NoDoji:

LMAO! My old Skypies can definitely confirm that "whack-a-mole action" is one of my favorite random entry trade signals :p
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Here's Mark Douglas' system. I don't entirely understand it, but I do get the part that you have to "open a position" and then there's the "zone" which I'm sure is the "trading in the zone" part. Hmmm. :p
 

Attachments

with Egypt, Libya and now Japan, this gig is turning into a 24/7 work. anyone catch the last down draft? News out saying there's a white cloud moving from Sendai to Tokyo. goodness.
 
Http://www.marketwatch.com/story/tokyo-shares-rebound-but-nuclear-fears-remain-2011-03-16

Friday’s tragic events do not alter our view that investors should be overweight of Japan. Crucially, we believe Japanese equities are unlikely to follow their 21% fall seen in the five months after the Kobe earthquake in 1995,” analysts at Credit Suisse wrote in a note.

The analysts said that after Tuesday’s fall, Japanese stock valuations in terms of price-to-book value are now at a 47% discount to global markets — an all-time low — while price-to-equity valuations are also lower than global market valuations.

Japanese corporations also held cash that was equivalent to 32% of their market capitalization, they said.

Quote from InvestVision:

Long 9711

Nikkei up 5%
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