CL Redux

[JSSPMK]

I don't use VWAP, Chan is the man for VWAP.

 

[killthesunshine]

Quote from saliva:

Thanks for the compliment. Of course, CL is a lot more crazier than ES and it calls for crazy folks like me to join the fray.

On a more serious note, I'm only trading 3 lots to drastically reduce my exposure. Plus I still don't fully understand how this market works. Until then, I'll be trading small.

YW, however i'm not trying to stroke you
but you call a short, cover for profit then
almost immediately go long into next trade
to catch the quick leg up
you are trading off price action
by the seat of your pants?

Am i right?

 

[saliva]

Unless we break above 80.65, we might just chop around. For the time being, this noob will stay on the sideline.

 

[saliva]

Quote from killthesunshine:

YW, however i'm not trying to stroke you
but you call a short, cover for profit then
almost immediately go long into next trade
to catch the quick leg up
you are trading off price action?

Am i right?

Yes I'm what you call a "price action" dude.

As a matter of fact, I did once make a mistake of creating a thread for the sole purpose of sharing my system with the public. Well, I don't regret it. Everything related to my trading is extensively documented. The thread is called "Unholy Grail to Success".

 

[killthesunshine]

Quote from saliva:

Yes I'm what you call a "price action" dude.

As a matter of fact, I did once make a mistake of creating a thread for the sole purpose of sharing my system with the public. Well, I don't regret it. Everything related to my trading is extensively documented. The thread is called "Unholy Grail to Success". Search for it.

I will look it up.

"price action" may be a hackneyed characterization but you have a "feel" for the "chart" and movement, and that's where talent meets experience.

carry on.

 

[saliva]

kts, I just added the link for the PMT thread.

 

[saliva]

Here comes the trannie express!

(This is an inside joke among us old ESJ crooners.)

 

[saliva]

Alright folks, that about sums up for me. This convoluted week of sheer crazy action actually turned out quite well. I hope you guys did equally well, if not better. Time for me to sit back and enjoy the weather (currently 57° F, burrrr!).

 

[flatron]

Newbie here looking to join the fun!!
short 80.75
stop 81.00

 

[saliva]

Quote from saliva:

I think we've about hit the gutter for now. My hunch is that we briefly dip below 80 and then make a U-turn.

Just one last thought. I notice that CL has a penchant for these 2b patterns. It must be full of Trader Vic's acolytes.

Anyway, have a nice weekend y'all.

(BTW, if you're already sick of my presence, just holler and I'll bring back my evil twin, schizo )