CL Redux

Based on chart, i've been predicting 96 ish for the last week or so!!!

I think it must test those support levels there.

I'm short at 9890. Stop 25t.
 
Quote from Dinerotrader:

I am looking for the fastest way to get crude oil news as it hits the wire. I don't mind paying for the service. Any suggestions?
More...

Not trying to be flippant, but the fastest way to get crude oil news is to watch price. There's no way you can get the news, interpret it "properly" and react faster than the professionals who move price, which is why price tells you everything you need to know.

If you position yourself with the trend and have orders in place to stop and reverse if a certain level breaks, you'll always be on the right side of price and you'll be positioned earlier than any news service would get you in. I've been positioned for huge price runs at prices that a news service could never provide. If I waited to actually hear the news, price would've already been .50 or more from my basic price action entry.
 
Quote from NoDoji:

Not trying to be flippant, but the fastest way to get crude oil news is to watch price. There's no way you can get the news, interpret it "properly" and react faster than the professionals who move price, which is why price tells you everything you need to know.

If you position yourself with the trend and have orders in place to stop and reverse if a certain level breaks, you'll always be on the right side of price and you'll be positioned earlier than any news service would get you in. I've been positioned for huge price runs at prices that a news service could never provide. If I waited to actually hear the news, price would've already been .50 or more from my basic price action entry.
More...

hi Nodoji, how did you do on friday?
 
Quote from NoDoji:

Not trying to be flippant, but the fastest way to get crude oil news is to watch price. There's no way you can get the news, interpret it "properly" and react faster than the professionals who move price, which is why price tells you everything you need to know.

If you position yourself with the trend and have orders in place to stop and reverse if a certain level breaks, you'll always be on the right side of price and you'll be positioned earlier than any news service would get you in. I've been positioned for huge price runs at prices that a news service could never provide. If I waited to actually hear the news, price would've already been .50 or more from my basic price action entry.
More...
I second this. :)

BTW DX, the US dollar is up again a bit today.
 
Quote from tycoonman:

just got stopped out. short @ 99; 20tick stop; target: 98
More...

that hurt pretty bad...just lost $225

looks to be leveling off, but who the eff knows. no more predictions.
 
Quote from Visaria:

Based on chart, i've been predicting 96 ish for the last week or so!!!

I think it must test those support levels there.

I'm short at 9890. Stop 25t.
More...

:/

did u get out early?
 
Quote from tycoonman:

hi Nodoji, how did you do on friday?
More...

Very well. It was a clean trend day.

Quote from tycoonman:

just got stopped out. short @ 99; 20tick stop; target: 98
More...

I just opened my platform to look at tonight's action. Regarding your first trade: Why would you short a confirmed demonstration of buying strength? Regarding your second trade: Why would you short when price is trending up?

The easy money is made in the direction of the trend. Wait for a test of previous resistance that fails, then short. Better yet, wait for a second test to fail, then really short :cool:
 
You must log in or register to reply here.
Back
Top