CL Redux

Quote from saliva:

Looks like it's going to be one hell of a rollercoaster ride today.

Considering that we recovered nearly half of what we lost over the last tweo weeks in a matter of 2 days, well what the hell do you expect? People will book profits.
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I guess I was right all along. Just feels like a royal jackass for not taking my own advice to heart. :mad:

Still, I made a small chunk of coins today so I shouldn't complain too much. Looking forward to what's in store for tomorrow. My broken crystal ball sez we pop right back up. Stay tuned.
 
Quote from saliva:

I guess I was right all along. Just feels like a royal jackass for not taking my own advice to heart. :mad:

Still, I made a small chunk of coins today so I shouldn't complain too much. Looking forward to what's in store for tomorrow. My broken crystal ball sez we pop right back up. Stay tuned.
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I agree with the go up. The move in the last 5minutes was a long keeping a D down from happening. "Fisher Method, would have been a sell signal"
 
Quote from Speciaul_K:

So which one of you was banging the close?
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I would have liked to but I forgot to bring my favorite lube. :D

So nobody knows what threw this baby into a tizzy?
 
What's up with MBF?

Regardless, just how often do we see this type of three ring circus, especially in the middle of nowhere? We haven't even gone up to 80 yet! (I thought these acrobatic moves get tripped only in the extremes.)
 
Quote from saliva:

What's up with MBF?

Regardless, just how often do we see this type of three ring circus, especially in the middle of nowhere? We haven't even gone up to 80 yet! (I thought these acrobatic moves get tripped only in the extremes.)
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Do some research on the Fisher method of trading. Then todays eod move will make sense then.
 
Quote from Speciaul_K:

Do some research on the Fisher method of trading. Then todays eod move will make sense then.
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I have no problem with the selloff that transpired as we headed into the close. As I stated earlier, this is natural considering that we had an explosive run up for the last two days. What I don't understand is that pump and dump just after the close. What the hell was that all about. It appears that it's news driven.

With regards to Fisher, are you referring to the guy who wrote "The Logical Trader"? I have that book. But, frankly, I can't make heads or tails about what he's saying. He talks about ACD but intentionally omits details on how he derived the pivot numbers stating that they're "proprietary". Anyway, I don't see the connection between the two. Would you mind shedding some concrete examples you're seeing that I'm not?
 
Quote from Speciaul_K:

Do some research on the Fisher method of trading. Then todays eod move will make sense then.
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That sounds like what I used to do with the ES, (why did I stop?) Did you like his book SK?
 
Quote from riskaddict:

That sounds like what I used to do with the ES, (why did I stop?) Did you like his book SK?
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I have my own deviation of his method that I use. Todays market made a A up. At the close it was about to make a D down. If it closed on the D down this would have been a strong sell signal per his method. Think back to what he was saying about his gulf war trade. The opposite would have been the case overnight.
 
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