CL Redux

Quote from schizo:

This is just between you and me (shhhhh), but I bought 2 lots at 97.08 and just sold at 97.72. How do you like that?
There you go. :) Nice.

Off to dinner. Have a good night.
 
Quote from schizo:

This is just between you and me (shhhhh), but I bought 2 lots at 97.08 and just sold at 97.72. How do you like that?

Great entry, great exit. Now quit with that "wide stop, swing trade" sh*t! :D

As for the stop hunting conspiracy theories, the break followed standard CL support attempts off the 60-min chart. When price failed to revisit the previous pivot high around 98.70, the support levels get tested. 97.15 pivot low gets tested and fails. Next is 96.98, appears to hold, then fails. Next is 96.60, so far it appears to hold. If that fails, 96.22 is in play.
 
Quote from NoDoji:

Great entry, great exit. Now quit with that "wide stop, swing trade" sh*t! :D
Last post and then off to dinner. I second this emotion. No more mega gap stop loss trades for you bro. :p We know you probably just did this to share some of the good money you made on your other trades with those less fortunate, and that's admirable, but................ :p

Good night.
 
Quote from NoDoji:

Today the ATS went long the break of the 11:05am ET bar high. Nearly a 120-tick bar and the system just trades its dumbass trader signals, doesn't give a sh*t about anything else. Takes a quick 21-tick loss and waits patiently until the next trade sets up.

Next setup that met its criteria was into the NYMEX close, long the break of the 2:20pm ET bar high, and it's still holding. Makes the 21-tick loser seem totally irrelevant now. :cool:

I about crapped when I heard the trade signal go off on that 11:05 bar long position :p

What platform are you using for your ATS ?
 
Quote from schizo:

I wonder if the same morons are behind this downdraft as past two nights. Dump-baby-dump followed by wham-bam-thank you-ma'am!

See, we're right back up to 98.27. I wasn't talking crap when I said this. Moreover, I didn't find any friggin' news to justify the damn plunge at the open. But what can you do other than to allow the morons to have it their way?
 
Quote from NoDoji:

As for the stop hunting conspiracy theories, the break followed standard CL support attempts off the 60-min chart. When price failed to revisit the previous pivot high around 98.70, the support levels get tested. 97.15 pivot low gets tested and fails. Next is 96.98, appears to hold, then fails. Next is 96.60, so far it appears to hold. If that fails, 96.22 is in play.

Had this occurred in the RTH session, then I have no problem with your proposition. After all, I'm the greatest fan of S/R. But at the AH open? I don't think so. Furthermore, there was no breaking news to support such a drama that we've witnessed. And guess what? The Japanese market wasn't even open. We still had 2 more hours.

And look where we are trading now. To me, this is all calculated in advance.
 
that is the exact thing I observed

I thought those people who put a stop before the night opening are totally morons, YM down almost 200points, CL almost 2.2points, when reviewed the chart, you knew those price levels are exactly yesterday afternoon's low, I put a limit order there, did not expect to be executed, but all executed, except sweet crude (my limit is 76.13, lastsession low is 76.2).

bought NQ at 2187, YM at 11463, that is free money, I will sit on long for a while, I thought the market overacts too much, oversold.



Quote from schizo:

See, we're right back up to 98.27. I wasn't talking crap when I said this. Moreover, I didn't find any friggin' news to justify the damn plunge at the open. But what can you do other than to allow the morons to have it their way?
 
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