CL Redux

part of the 95% losing club here - been browsing this thread for a few days.

Will be posting my trades, if for no other reason than that im probably a good fade/contrarian indicator and might help some of you make extra money, lol.

I dont particularly believe TA/Charts can give anyone an edge, but im yet to find anything else that does either, so that's what im using to base my trades on.

good luck today
 
KEY EVENTS TO WATCH FOR:

Thursday, April 28, 2011

8:30 AM ET. Mar Chicago Fed National Activity Index

National Activity Index (previous -0.04)

3 Month Moving Average (previous 0.11)

8:30 AM ET. 1 Quarter Advance estimate GDP

GDP (expected +1.8%; previous +3.1%)

Chain-Weighted Price Index (expected +2%; previous +0.4%)

PCE Price index (previous +1.7%)

Purchase Price Index (previous +2.1%)

Real Final Sales (previous +6.7%)

Core PCE Price index (Ex Food/Energy) (previous +0.4%)

8:30 AM ET. Apr 23 Unemployment Insurance Claims Report - Initial Claims

Weekly Jobless Claims (expected 395K; previous 403K)

Weekly Jobless Claims Net Change (expected -8K; previous -13K)

Cont Jobless Claims (prior week) (previous 3695000)

Cont Jobless Claims Net Chg (prior week) (previous -7K)

9:45 AM ET. Apr 24 Bloomberg Consumer Comfort Index (previous -42.6)

10:00 AM ET. Mar Pending Home Sales Index Current (previous 90.8)

MoM Pct Change (Current Period) (expected +1.5%; previous +2.1%)

YoY Pct Change (Current Period) (previous -8.2%)

10:00 AM ET. Apr 16 DJ-BTMU U.S. Business Barometer

DJ-BTMU Business Barometer (previous +0.1%)

DJ-BTMU Business Barometer (52 Wk) (previous +2.8%)

10:30 AM ET. Apr 22 EIA Natural Gas Storage Report

Total Working Gas in Storage (previous 1654B)

Total Working Gas in Storage (Net Change) (previous +47B)

11:00 AM ET. April Federal Reserve Bank of Kansas City Survey of Tenth District Manufacturing

Manufacturing Activity Index (previous 39)

Manufacturing Activity Index (6 Mon) (previous 32)

Manufacturing Composite Index (previous 27)

6-Month Composite Expectations Index (previous 23)

4:30 PM ET. Apr 27 Federal Discount Window Borrowings

Primary Credit Borrowings (previous 6M)

Primary Credit Borrowings W/E Daily Avg. (previous 5M)

Discount Window Borrowings (previous 17.62B)

Discount Window Borrowings W/E Daily Avg. (previous 17.62B)

4:30 PM ET. Apr 27 Foreign Central Bank Holdings

Foreign US Debt Holdings (previous 3.42T)

US Foreign Agency Holdings (previous 760.29B)

Foreign Treasury Holdings (previous 2.66T)

4:30 PM ET. Apr 18 Money Stock Measures
 
Quote from Eddiemorra:

wow - stopped me out and then ralied 30 pips in my favour in about a minute
More...

It happens. I (hope) i've learnt to accept it, part of trading.

You could try and go back in, but the move may be too quick.

If it's any consolation, i was whipped on that as well and am now down for the day!!!
 
Quote from Visaria:

It happens. I (hope) i've learnt to accept it, part of trading.
More...

hehe, oh dont worry, i've more than learnt to accept it. After consistenly losing you actually completely expect to get stopped and then have it reverse on you :cool:

As in my ealier post, you could all have made some nice points by fading me so far, lol.

Waiting for next trade now. Good luck
 
Quote from BCE:

R2 = 113.47

Monday's HOD = 113.48 :)
More...

<del>Isn't a one tick breakout a powerful reversal signal according to Brooks?</del>

Never mind, misread your post.

Good luck/skill to everyone
 
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