CL Redux

Quote from Picaso:

(When you say 2:20 bar, etc. you mean the bar that starts at 2:20 and ends at 2:25, right? - I was going crazy, but let's face it, in my case that's easy).

Yes, closes at 2:25pm. Some fine signals today on both CL and ES. Tomorrow should be good too with all the news hitting the wire early on.

Quote from Picaso:

I'm sure half the people that have bought Al Brooks' book have done so after reading your journal & posts. You should get a commission :) ... unless... oh, my gosh!... that explains it all! :D

"You can call me Al..."

- You Can Call Me Al, Paul Simon

OK enough damn song quotes...
 
Quote from NoDoji:

That is a good idea! I'll look into options for swings. Nothing to hang your hat on right now based on the daily chart, though. If anything looks potentially bullish.

Why not 1 call and 1 put.
 
Quote from Tonkadad:

Why not 1 call and 1 put.

The Call strike price 85 is also in 0.25 ($250), so you could do a nice spread Call 85 put 70 for $500 ..........I see it as a win win situation. Unless we stay flat in 77 the whole month of August.

Be aware options expiration is 3 days before contract expiration.
 
Quote from Tonkadad:

Why not 1 call and 1 put.

I'd prefer to trade a basic call or put play off an extreme. Holy crap, I covered my short way too soon here!


Edit: Why is it when I patiently try to let a winner run, it comes all the way back to stop me out b/e and when I take profits on the first pivot, expecting a decent re-entry on the pullback, it just wiggles 10 ticks and continues without me???
 
Quote from NoDoji:

I'd prefer to trade a basic call or put play off an extreme. Holy crap, I covered my short way too soon here!


Edit: Why is it when I patiently try to let a winner run, it comes all the way back to stop me out b/e and when I take profits on the first pivot, expecting a decent re-entry on the pullback, it just wiggles 10 ticks and continues without me???

Consistency, Nodoji, consistency. No picking, take every signal. Go girl, you can do it!!!

[Edit]: And I realize you're a way better trader than me, not being condescending or anything, it's just that watching your progress as a trader is like watching a movie and wanting to yell to the heroine: "Behind you! Behind you!" :)
 
Quote from NoDoji:

I'd prefer to trade a basic call or put play off an extreme. Holy crap, I covered my short way too soon here!


Edit: Why is it when I patiently try to let a winner run, it comes all the way back to stop me out b/e and when I take profits on the first pivot, expecting a decent re-entry on the pullback, it just wiggles 10 ticks and continues without me???
You seem to cover too soon many times. The thing you need to keep in mind is that you get 2-3 bars at the tops and bottoms
 
Dollar weakness into the European close preventing us from breaking to the downside?

If it can't go any lower, does that mean it's going higher?

Everyone in STFU-and-trade mode or on vacation already? :D
 
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