CL Redux

BCE · Apr 27, 2011

R1 = 112.77

ADD Trying .65

BCE · Apr 27, 2011

Quote from BCE:

R1 = 112.77

ADD Trying .65

Out .90. That worked.

bigsnack · Apr 27, 2011

Quote from NoDoji:

Where's bigsnack, this was an ideal triangle play for him!

I'm here, just "listening" though! I was setting up some templates and chart trader. Thanks for looking for my setups

I just took a -1 from at 93's.

InvestVision · Apr 27, 2011

[
it seems big boys try to extract some profits small guys made all day with this 112.65 level drop only to see close above 113

see GOLD and EURO ... oil should follow to 113 + again ...

ADD: aslo see Brent UP 120 ticks vs. CL 65 tics

NoDoji · Apr 27, 2011

Quote from dsave:

Which one? I noticed a few good triangles earlier, 8:30 and 9:30 EST.

Edit: And they had those volume spikes he looks for.

Yes, very nice setups today. I was positioned short and holding a very nice unrealized gain. I was obsessed with a breakout of the key level 111.00, absolutely certain it was coming and so I was holding my position with a stop trailed above the 5-min bars, and then I wondered why price was stuck in such a narrow range instead of just getting on with the move down to test those lows. Then the volume on the bid/ask dried up and I realized I'd totally forgotten to set an alarm for the inventories. :eek:

Held through the report, first time ever.

NoDoji · Apr 27, 2011

Quote from BCE:

Out .90. That worked.

Nice! What was the significance of .65?

Never mind, I see it, perfect level, very nice!

BCE · Apr 27, 2011

Quote from InvestVision:

[
it seems big boys try to extract some profits small guys made all day with this 112.65 level drop only to see close above 113

see GOLD and EURO ... oil should follow to 113 + again ...

They may be afraid of what BB will say while they're away.

DonCorleone · Apr 27, 2011

Quote from DonCorleone:

yes, it looks like it wants to squeeze higher here. i actually have 113.9 as target.

me 'n my stupid greed. should focus on pivot points, R2@113.42.

btw, anyone use 3 min chart? it worked marvelously today along w/ 1 min chart.

BCE · Apr 27, 2011

Quote from NoDoji:

Nice! What was the significance of .65?

Never mind, I see it, perfect level, very nice!

Thanks. Just a feel for the pullback level. Plus it was below R1 a bit and in the upper range of earlier congestion.

ADD Plus the 50 EMA on a 3 min was 112.67.

NoDoji · Apr 27, 2011

Quote from DonCorleone:

me 'n my stupid greed. should focus on pivot points, R2@113.42.

Oh wow! I just added pivot points back onto my chart and sure enough to the tick! OK, keeping pivot points on chart...