CL Redux
- Thread starter schizo
- Start date
They work great on the ES as well
Since I'm using a tick based chart, I will usually put my stop below the most recent swing, which can vary between 8-15 ticks. As soon as I see some sort of higher high (in the case of a long), my stop goes to break even. If the stop has to be placed further than 15 ticks, it starts to get a bit too risky for me.
In this chart I'm only drawing the top half of the triangle (essentially a trendline break), but I think it makes sense.
http://english.aljazeera.net/news/africa/2011/04/201141435431450806.htmlQuote from InvestVision:
close 108.25
hey , my conspiracy theory of today DOWN bar did not work , here I have excuse ( always you can find one when you are looking )
when was the last time Crdue down when Treasury sold bills ? hard to find ...
The Treasury Department The Treasury Department sold $13 billion in 30-year bonds at a yield of 4.531%, lower than traders expected, which is an indication of good demand. See Treasury auction results.
"NATO struggles for consensus on Libya"
Here is what Reuters says about OIL up day today
<b>U.S. crude ends higher as dollar's weakness lifts </b>
- NEW YORK, April 14 | Thu Apr 14, 2011 2:43pm EDT
http://www.reuters.com/article/2011/04/14/energy-nymex-crude-idUSN1414891420110414
NEW YORK, April 14 | Thu Apr 14, 2011 2:43pm EDT
(Reuters) - U.S. crude oil futures ended a dollar higher on Thursday, having reversed early losses as a weaker dollar provided lift and offset worries that high prices would erode demand.
On the New York Mercantile Exchange, May crude CLK1 rose $1, or 0.93 percent to settle at $108.11 a barrel,
- trading from $105.77 to $108.55.
<b>U.S. crude ends higher as dollar's weakness lifts </b>
- NEW YORK, April 14 | Thu Apr 14, 2011 2:43pm EDT
http://www.reuters.com/article/2011/04/14/energy-nymex-crude-idUSN1414891420110414
NEW YORK, April 14 | Thu Apr 14, 2011 2:43pm EDT
(Reuters) - U.S. crude oil futures ended a dollar higher on Thursday, having reversed early losses as a weaker dollar provided lift and offset worries that high prices would erode demand.
On the New York Mercantile Exchange, May crude CLK1 rose $1, or 0.93 percent to settle at $108.11 a barrel,
- trading from $105.77 to $108.55.
On the New York Mercantile Exchange, May crude CLK1 rose $1, or 0.93 percent to settle at $108.11 a barrel,
can somebody tell me what time is the OIL day settle price , for ref. today settle is 108.11
a) pit close
b) US markets close 16:00 EST
c) NYMEX close ? if so what time stamp ?
d) any thing else ??
can somebody tell me what time is the OIL day settle price , for ref. today settle is 108.11
a) pit close
b) US markets close 16:00 EST
c) NYMEX close ? if so what time stamp ?
d) any thing else ??
Libya
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http://english.aljazeera.net/news/africa/2011/04/201141494016905479.html
Rebels have warned of an impending "massacre" by troops loyal to Muammar Gaddafi if NATO does not intensify its attacks on government forces in and around Misurata, which has been besieged for weeks.
<b>Misurata, Libya's third-biggest city, is the only major rebel stronghold in the west of the country</b>. It has been the scene of major fighting between rebels and Gaddafi's forces for several weeks.
Libyan government forces launched a heavy attack against the coastal city on Thursday, with dozens of Grad rockets, killing at least 23 people, a rebel spokesman said.
He later clarified that those killed had been civilians and not rebel fighters as earlier understood. The death toll from the 90 minute artillery barrage was likely to rise, the spokesman added.
-----------
http://english.aljazeera.net/news/africa/2011/04/201141494016905479.html
Rebels have warned of an impending "massacre" by troops loyal to Muammar Gaddafi if NATO does not intensify its attacks on government forces in and around Misurata, which has been besieged for weeks.
<b>Misurata, Libya's third-biggest city, is the only major rebel stronghold in the west of the country</b>. It has been the scene of major fighting between rebels and Gaddafi's forces for several weeks.
Libyan government forces launched a heavy attack against the coastal city on Thursday, with dozens of Grad rockets, killing at least 23 people, a rebel spokesman said.
He later clarified that those killed had been civilians and not rebel fighters as earlier understood. The death toll from the 90 minute artillery barrage was likely to rise, the spokesman added.
Quote from bighog:
dsave, bigsnack, those are not freaking triangles. I advise a TA book. WTF!!
I will eat my hat bigsnack if that is even a hint of a triangle. same for dsave..........
A square has 3 sides right?
Well whatever the heck it's called, it works for me
If anything it is simply the convergence of two trendlines, although it looks pretty triangular to my eyes.
Quote from bighog:
dsave, try this....google has all of them...
http://stockcharts.com/help/doku.ph..._analysis:chart_patterns:descending_triangle_
A tidbit........continuation patterns need something to continue.
A reversal pattern needs something to reverse.
Do not pick a pattern out of nothing....that is a mistake.....
In general, in daytrading just watch trendlines, tests of trendlines, breakouts from trendlines. A super trade is a trendline down that followed the 20 ema and then bases and forms a 1-2-3-4 reversal signal that punches UP through the downtrendline and CROSSES the 20 ema.....waut for the bar to close and if still shows a "double cross" reversal.........screw the horse, LOAD the wagon..
That is more complex, but I get it. Thanks for the heads up.