CL Redux

[ammo]

LOL, i assume lescor actually draws lines, but if you trade individual stocks and look at the bid /offer and size of the prints and you watch a stock for more than a few days,you notice the movement or get a feel of a working offer or bid thats not on the charts,old school tape reading,back then they laughed at charts,said there was one on every sunken ship at the bottom of the ocean, i think those are the numbers he's pulling out of his ass

 

[schizo]

Quote from NoDoji:

Are these those lines you pull out your ass, like Lescor does?

Lescor must have a pretty big ass himself. How does he manage to wipe it?

My oh my!

 

[ammo]

heres a weekly with a channel within a channel within a channel

 

[schizo]

So ammo you trading CL in addition to ES? ES also looks pretty unstable herself. I might gingerly stab her in the back tomorrow when she's not looking. But she's so damn quick!

 

[trackstar]

Quote from ammo:

LOL, i assume lescor actually draws lines, but if you trade individual stocks and look at the bid /offer and size of the prints and you watch a stock for more than a few days,you notice the movement or get a feel of a working offer or bid thats not on the charts,old school tape reading,back then they laughed at charts,said there was one on every sunken ship at the bottom of the ocean, i think those are the numbers he's pulling out of his ass

anything on the tape is on the chart.

 

[schizo]

What ammo is alluding to is what I refer to as the "market rhythm" in PMT.

 

[Redneck]

Quote from schizo:

What ammo is alluding to is what I refer to as the "market rhythm" in PMT.

That is a good thread

RN

 

[ammo]

Quote from trackstar:

anything on the tape is on the chart.

this break out and turn back down ,the turn back down and the distance it traveled above the line in no mans land could have been caught by watching the ticker and blocks of stock increasing in size traded on the offer and then bids being hit with invcreasing size telling the turn,you can see that if you are watching the tape and the block trades,the chart just tells you it went above the line and it is now coming back down, the tape would have told you at exactly what point we were turning, the difference is about 40 cents

 

[schizo]

Quote from schizo:

Small long 85.64

SL 85.44
PT 86.10 (will flip short here)

Bailing out here at .83

Might consider buying again if we drop back down. Otherwise, will short at 86.10 as planned.

 

[trader198]

buy low and sell high is the most profitable strategy. did you get good sleep?
I will buy it when it breaks down 85under, will short it when it hits 85.9+

Quote from schizo:

Bailing out here at .83

Might consider buying again if we drop back down. Otherwise, will short at 86.10 as planned.