CL Redux

trader198 · May 4, 2010

out half at 83

Quote from trader198:

added more at 83.2

trader198 · May 4, 2010

could not deal with it, very magic, schizo's sell pop is magic, get to buy more at 83.1

Quote from RedSun:

Been playing with M/N spread. This thing is wild too, from high of $3.47 to low $2.70 ! Now out of spread, net long.

RedSun · May 4, 2010

Quote from trader198:

could not deal with it, very magic, schizo's sell pop is magic, get to buy more at 83.1

Both N and Q had breakouts above 52-w highs. Last year's high M/N spread was $3.11, in April.

We see the contagions today.

trader198 · May 4, 2010

crude sucks. Q is rising, bought some around 1955, Nodoji's 20ma/15ma just crossed, so I have confidence to hold it, hope there are some short cover rally in the closing. sigh, "hope, wish", no no

Quote from RedSun:

Both N and Q had breakouts above 52-w highs. Last year's high M/N spread was $3.11, in April.

We see the contagions today.

schizo · May 4, 2010

Quote from trader198:

crude sucks. Q is rising, bought some around 1955, Nodoji's 20ma/15ma just crossed, so I have confidence to hold it, hope there are some short cover rally in the closing. sigh, "hope, wish", no no

The upside target should be at around 84.20 if this thing can manage to get off its damn ass.

The downside target, in the long run, should be at around 79. so don't play too cute to the upside.

schizo · May 4, 2010

Quote from RedSun:

Both N and Q had breakouts above 52-w highs. Last year's high M/N spread was $3.11, in April.

We see the contagions today.

Enlighten this noob please. Are you referring to the Naz and the Qs?

startraitor · May 4, 2010

Here is an old Linda Bradford Raschke article where she talks about trading the 20 bar ema. She is the first I read it from some 15 + years ago.

http://www.lbrgroup.com/images///raschke_pt2_0304.pdf

ChkitOut · May 4, 2010

Quote from NoDoji:

There have been no confirmed long signals today.

How do you define "confirmed"?

trader198 · May 4, 2010

out all of them, paid tuition fee again. will do it tomorrow.

Quote from trader198:

crude sucks. Q is rising, bought some around 1955, Nodoji's 20ma/15ma just crossed, so I have confidence to hold it, hope there are some short cover rally in the closing. sigh, "hope, wish", no no

cstfx · May 4, 2010

Quote from NoDoji:

Finally an actual close above the 20.

It seems that the only one able to hold above the 20 ema has been the GBPUSD. Just about everyone else (YM, ES, CL, etc) keeps failing.