CL Redux

[ammo]

using 10 yr for a larger timefram, we are working that 115-82 bellcurve,95-96 nip is broken for supp to work upper portion, so in theory we work our way back to 82-83, that 93 is a tl supp starting with june lows in 2012

 

[ammo]

on a 9 mo that 93 area had the most volume over the timeperiod and is currently debating whether or not it's still a valid value area and its a trendline

 

[riskaddict]

Thanks for the perspective ammo!

 

[Visaria]

Quote from NoDoji:

A wedge is an object with at least one slanting side ending in a sharp edge.

Happy New Yr, ND, how's it going so far?

 

[NoDoji]

Quote from Visaria:



Happy New Yr, ND, how's it going so far?

I'm liking the trend days!

Also, curious about how this 93.00 key level will play out. If I was a gambling swinger I'd be long LOL!

 

[roreilly]

Is the Nodoji inventory retrace rule in effect today?

 

[NoDoji]

Quote from roreilly:

Is the Nodoji inventory retrace rule in effect today?

LMAO, I was just having that very thought. I think there are way too many eyes on the 93.00 zone. We need a really good breakout downside to wash out all the "key support level" speculators first

(BTW, that's not my rule. I believe it's a CFTC rule.)

 

[ammo]

after breaking the 93 60-90 nip , its stair stepping down those ledge supports

 

[riskaddict]

I'm hoping if we do get to 91 the IV index will be firmly in the low to mid 20's and then I'll have something to play with. Until then I'm trapped in this day trading hell. How do you people find this enjoyable? I should have just kept those 95 puts on for another

 

[Visaria]

first cl trade of the year: bot a small position at 92.83 feb. Don't have much faith in it, but possible it might bounce back to 95 ish. i'll give it about a dollar risk.