CL Redux

To take a longer perspective and maybe a catalyst for next week the 25 day MA is coming into play and its significance can't be denied. I obviously hope it adds fuel to a selling fire where the 200 day around 78 will be the next support. The difficult part is if it acts as support and just churns around it for a few days before breaking higher. I usually only look at MAs twice a week because it takes so long for anything to play out.

Dollar just failed to break out...
 

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Quote from Picaso:

But that's the moving average of the nipple, you're talking about different things.
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I love the harmonics and symmetry, its a good thing God was no Picaso :D


Bulls are having a siesta
 
sim (not seeing the r/r but looks up)

long .06

10 tick stop this time

:29 stop to be and bid .13 to add - filled; stop at .06 4 ticks below be

:31 stop to be at .10

stop-limit to add at .49 in case I don't see a better opportunity to add

target: a break of the HOD unless it falters at .40-ish
 
Quote from Picaso:

sim (not seeing the r/r but looks up)

long .06

10 tick stop this time

:29 stop to be and bid .13 to add - filled; stop at .06 4 ticks below be

:31 stop to be at .10

stop-limit to add at .49 in case I don't see a better opportunity to add

target: a break of the HOD unless it falters at .40-ish
More...


04: stopped out at be; MFE $480 :(

Gosh! I don't have a winning trade even by accident! :D :p

Oh, well, one last chance for this week in the next 40'
 
Quote from mrbochin23:

Questions to my colleagues:

It's me or today looks like a good day to trade reversals. I am more like a breakout trader, but just wondering.

Will like to hear your input.

Thanks.
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Mr B, this action is awful for my breakout trading style, too, (I won't trade with such wide stops) so I used the 1-min chart and it works great!
 
Quote from NoDoji:

Mr B, this action is awful for my breakout trading style, too, (I won't trade with such wide stops) so I used the 1-min chart and it works great!
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Thanks NoDoji,
I haven't make once single trade today :S
I am looking and looking only opportunity I saw under my style was fade it the Value Area High 81.74, but that was before the opening bell.

Trying to be discipline, better no trade than a bad trade :)
 
so far +50
morning I had few trades went 200, but I was greedy wanted more , ended up losing 100 on each. lately I have been BE alot ( after +10 ticks i use to stop BE ) , so I thought give me or take it. Only if I knew today is going to be slow day i would have taken all those sim 200's.
later I took some trades for +100's.

How soon did you guys figure out its a small range day ?
 
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