CL Redux

[HuggieBear]

holding my 4 lots short and hoping for terrible econ data in the morning. if something doesnt change the momentum they are gonna force this over 81.

 

[schizo]

1. It largely depends on the technical factors. Sometimes I get in just before prices start to move and I'm out within 10 minutes. Other times, to the contrary, the damn price reverses on me and I get stopped out within 5 minutes. I usually do not like to hold for hours on end with one exception. When I sense an imminent trend reversal on the daily chart, as I did a few days ago, I tend to just sit out through all the whipsaws. Unless I get stopped out, I plan to do just that with the current trade as well.

2. While I do monitor various timeframes, I solely use the 5-minute chart for trade executions.

3. I would say my trading hinges on 95% pure PA. As for the rest, I do glance at Bollinger and Keltner bands for gauging the momentum.

Quote from increasenow:

schizo...
1-how long do you hold your CL daytrade on average?..5,10,15 minutes?.1,2,3 hours?...

2-what chart do you trade off? 5,15 minute?

3-do you use any indicators?

 

[HuggieBear]

Greece is going to go belly up by morning.

 

[increasenow]

Quote from schizo:

1. It largely depends on the technical factors. Sometimes I get in just before prices start to move and I'm out within 10 minutes. Other times, to the contrary, the damn price reverses on me and I get stopped out within 5 minutes. I usually do not like to hold for hours on end with one exception. When I sense an imminent trend reversal on the daily chart, as I did a few days ago, I tend to just sit out through all the whipsaws. Unless I get stopped out, I plan to do just that with the current trade as well.

2. While I do monitor various timeframes, I solely use the 5-minute chart for trade executions.

3. I would say my trading hinges on 95% pure PA. As for the rest, I do glance at Bollinger and Keltner bands for gauging the momentum.

thanks much...what settings do you use on the Bollinger Bands? 20, 2?..my trading platform does not have keltner bands...hmmm

 

[schizo]

Just the default settings. BTW you might have known me better as "saliva" in the old days when I would spit around in the ES Journal.

 

[schizo]

Quote from HuggieBear:

Greece is going to go belly up by morning.

If not tonight, then very soon since I have a feeling that it won't get the bailout.

 

[HuggieBear]

have you seen that the entire country is paralyzed by strikes and riots?


S&P now threatening to downgrade them two notches because of the strikes.

 

[Speciaul_K]

Quote from BPtrader:

trapped again? be careful, they may run it into $85. If today's inventory number failed to bring it down, some serious short squeeze will happen tomorrow. That's why I took a $1000 loss today.

Man im still trapped in my 6-10lot short. There is not enough liquidity in this cl to bail out. Oh well I just take a 50k loss then start some threads about it

 

[BPtrader]

Quote from Speciaul_K:

Man im still trapped in my 6-10lot short. There is not enough liquidity in this cl to bail out. Oh well I just take a 50k loss then start some threads about it

Suggested titles of your future thread:

"Trapped: How I became an investor from a day trader"

"I wish I never knew saliva and his CL thread"

or you can borrow mine:

"I am finished"

"I quit"

 

[Speciaul_K]

Quote from BPtrader:

Suggested titles of your future thread:

"Trapped: How I became an investor from a day trader"

"I wish I never knew saliva and his CL thread"

or you can borrow mine:

"I am finished"

"I quit"

None of the above, I'll just use a stoploss