CL Redux

[mfbreakout]

Quote from mfbreakout:

It will come below it at some point though- when i have no idea.

If i had just bought pullbacks for longs- i should have done OK. but execution is tough as i have seen plenty of days when price pullback way below a up level- on failed A up days

which days will be failed A up day vs strong A up days? the day i solve that puzzle ( clues are in MF book), it will be PARTY all day long

 

[aquarian1]

I have decided this is a bad idea (I forgot about the lunchtime chop) and entered an order to sell it for what I bot it for - ie go flat.

 

[aquarian1]

closed it a mrk
slight loss
taking a nap.

 

[JoshDance]

I tried a short .97 out .03 for -6 when it popped, that was what I was waiting for, and quite surprised it made it to 84.07 .. oh well, at least I was close I suppose, though we don't get paid for being close. I'm out for the day gents, every Tuesday I have an appointment at 1 or 2, and leaving now. Good luck rest of day!

 

[JoshDance]

I think at some point before going higher, the balance area POC around 80.00 must be tested... don't know if that will happen today, but so much up without testing the fortitude of those who longed and still holding from there won't last forever.

 

[JoshDance]

chart

 

[mfbreakout]

Quote from JoshDance:

chart

Thx. Josh

 

[ammo]

dollar moved from ledge res to nip supp,needs to hold the 78.04 area or drop to the cleavgae below

 

[ammo]

cl cleavage 83.9-84.5 res on this up move with supp's on chart at lower nips,if topped

 

[ammo]

on a longer term markt profile, in theory,these areas get worked like a bell curve on a 1 day chart,theoretically making this the top of the bell curve