CL Redux

[Zr1Trader]

Quote from Zr1Trader:

Stop moved BE+1 Letting this one ride If this holds.

out

 

[Zr1Trader]

Quote from Zr1Trader:

out

re enter 95
sl 85

 

[Zr1Trader]

Quote from Zr1Trader:

re enter 95
sl 85

out -10cents and there she goes up damnit

 

[DonCorleone]

it'd be a nice double bottom on hourly chart if she holds up.

 

[Zr1Trader]

Quote from Zr1Trader:

out -10cents and there she goes up damnit

I got baited and hooked on that one. Need to wait for those tests and not jump too early . Sometimes double bottoms on 1 min are great , other times used to bait.

 

[DonCorleone]

Quote from Zr1Trader:

I got baited and hooked on that one. Need to wait for those tests and not jump too early . Sometimes double bottoms on 1 min are great , other times used to bait.

do you use pivot points? sometimes they're helpful. fwiw S1 was @89.87

 

[Zr1Trader]

Quote from DonCorleone:

do you use pivot points? sometimes they're helpful. fwiw S1 was @89.87

No I don't. just price, volume. Thanks for the heads up though . Never really took the time to look at pivots. Do they serve you more often than not?

Was hoping that the first bottom on the 1nmin would hold because we were in a great hourly support zone, Got fished on that one unfortunately.

Good trading to you.

 

[DonCorleone]

Quote from Zr1Trader:

No I don't. just price, volume. Thanks for the heads up though . Never really took the time to look at pivots. Do they serve you more often than not?

Was hoping that the first bottom on the 1nmin would hold because we were in a great hourly support zone, Got fished on that one unfortunately.

Good trading to you.

i use my own trend lines but i look at pivots just to see what others may be looking at. i'd say they're more helpful than not.

 

[moonmist]

Quote from EON Kid:

Crazy volume at 91, on break of the OR I would target YHOD or YLOD

I don't know how to use volume for trading. ( I am working on it.)

Today, the channels and trend lines seem to work fine for CLQ1.

 

[EON Kid]

Quote from moonmist:

I don't know how to use volume for trading. ( I am working on it.)

Today, the channels and trend lines seem to work fine for CLQ1.

I use volume in many different ways. I do Market profile type analysis using a volume profile. Yesterday had a majority of trades at 91, today we opened in that range and then trading in the 91 zone continued. You can see on your chart the greatest cross section of bars in the 91 area, also check yesterdays chart.