CL Redux

Blubaru_555 · Sep 16, 2011

anyone else short here? i'm trying a short QM @ 88.23

hopefully we can get just a whiff of that down action from earlier, because i completely missed it

mfbreakout · Sep 16, 2011

Quote from mfbreakout:

C up because we already had A down. C set up is once in a blue moon set up and its the total reversal of A set up. I have only seen that set up 4 times over last 9 months

I will be careful with shorts above 88.50,

mfbreakout · Sep 16, 2011

Quote from DonCorleone:

YES, depending on where you have the OR.

DC is correct about OR. I use 8.30 to 9.15 , so for me its A down day.

mfbreakout · Sep 16, 2011

Quote from mfbreakout:

DC is correct about OR. I use 8.30 to 9.15 , so for me its A down day.

ss 88.24 cover some 87.98 stop loss 88.41

fewtrs · Sep 16, 2011

Quote from mfbreakout:

for a c down day, we need to have A up day first. We can only have C up day now, if price goes all the way back to 89. 40 and stay s there

Ok, thanks guys.. I've read here too that its all about being consistent with your levels. I used 830 EST to 915 EST, and, from my understanding, that would have qualified a A up day. But I don't know this method well yet, and am thinking that I might use 830 to 930 to get in the stock market open.. or 945 actually.. but that is such a big range.

I'm still trying to figure this out though.. keep up the fine work guys!

fewtrs · Sep 16, 2011

Quote from mfbreakout:

we have an A down. Looking to short 88.30 area

Off by a few ticks.. but wow!

mfbreakout · Sep 16, 2011

Quote from mfbreakout:

ss 88.24 cover some 87.98 stop loss 88.41

cover 87.84. flat . want to see 87.80 break

fewtrs · Sep 16, 2011

Quote from mfbreakout:

DC is correct about OR. I use 8.30 to 9.15 , so for me its A down day.

Crap, I think I didn't take into account enough time..

mfbreakout · Sep 16, 2011

Quote from fewtrs:

Crap, I think I didn't take into account enough time..

just heads up using 8.30 to 9.15 or - a very wide stop , one misses lot of trades and set ups. I think DC is using 3 minutes OR with his system and he is smiling all the way to the BANK everyday.

mfbreakout · Sep 16, 2011

Quote from mfbreakout:

just heads up using 8.30 to 9.15 or - a very wide stop , one misses lot of trades and set ups. I think DC is using 3 minutes OR with his system and he is smiling all the way to the BANK everyday.

a very wide OR range- I meant to say