CL Redux

[mfbreakout]

Quote from mfbreakout:

last week high of 89.90 and my not ideal entry is scaring me. Got lucked out on last long.

I am not sure how other traders trade $8 of down price move and the $9 up move without ACD reference points along with other concepts MF talks about in his book.

 

[mfbreakout]

Quote from mfbreakout:

I am not sure how other traders trade $8 of down price move and the $9 up move without ACD reference points along with other concepts MF talks about in his book.

add to long 89.44. stop loss 89.39

 

[mfbreakout]

Quote from mfbreakout:

add to long 89.44. stop loss 89.39

stopped out

 

[mfbreakout]

Quote from mfbreakout:

stopped out

89.40 level was broken to the upside on 2918 cars. price should not have come below 89.39. But it is not science, so anything can happen.

 

[mfbreakout]

Quote from mfbreakout:

89.40 level was broken to the upside on 2918 cars. price should not have come below 89.39. But it is not science, so anything can happen.

now safe entry for longs for me is 89.10 area unless , i want to place wide stop loss

 

[mfbreakout]

Quote from mfbreakout:

now safe entry for longs for me is 89.10 area unless , i want to place wide stop loss

Accumulation or distribution- is the question of the hour.

 

[mfbreakout]

Quote from mfbreakout:

Accumulation or distribution- is the question of the hour.

wondering why price stopped at 89.40 area?

 

[JoshDance]

MFB, is your "micro resistance" a MF idea, or just basic s/r on a smaller scale?

 

[mfbreakout]

Quote from JoshDance:

MFB, is your "micro resistance" a MF idea, or just basic s/r on a smaller scale?

Josh- it's basic s/r on smaller scale. plus some concepts from Market Profile.

 

[JoshDance]

Quote from mfbreakout:

wondering why price stopped at 89.40 area?

Perhaps a stretch, but here is 9/1: