CL Redux

[beachhouse]

Quote from riskaddict:

uncle

where are the sellers? on holiday?

 

[ammo]

Quote from ammo:

offering(2)@ 07,(1)@7.35 and(1)@ 7.70,guessing we return to middle of this bell curve

add 1 more 7.68

 

[riskaddict]

lets try this again 107.75 -3 qm's

 

[BCE]

In case anyone had any confusion on how to play CL these days. Oh, that trend.

<iframe width="420" height="315" src="http://www.youtube.com/embed/jllJ-HeErjU" frameborder="0" allowfullscreen></iframe>

I'm referring to this morning. Not every mini pullback.

 

[BCE]

Quote from BCE:

Also, and to me this is important, Larry Williams once said at a seminar I attended, that the high or low of the day frequently occurs in the first hour. I thought that was a great observation. If you can find that and get on the right side of it and then let it go you'll do exceedingly well. Just look at yesterday's LOD for CL just below 96 where I tried a short. If I had gone long instead and held it til today, there's 400 ticks and even 300 yesterday.

ADD: I'm talking about the first hour of floor trading, not overnight.

Ah, yes. Memories, memories. I remember it now as if this was posted only 15 days ago........................ It was posted 15 days ago? :eek: Going to print this out or maybe I'll just have it tattooed to my chest and sit in front of a mirror while I trade the first hour.

 

[BCE]

Quote from BCE:

And this obviously applies to today as well. Did I follow my own advice? You know the answer. But I'm working on it. Don't want to become too rich and let it go to my head.

This was posted later the same day. Sigh......................

 

[beachhouse]

we need help from Iranians.

say something nice, like give up nuclear program, sign a peace treaty with US, Israel.......

 

[BCE]

Of course what's interesting is, a couple of days ago, when I did try this, and thought I had it just right, I had the wrong side of the eventual and longer term trend, and let my profit disappear and missed the reversal. Cheers.

"You don't understand. I coulda had class. I coulda been a contender. I coulda been somebody, instead of a bum, which is what I am, let's face it."

 

[beachhouse]

Quote from BCE:

Ah, yes. Memories, memories. I remember it now as if this was posted only 15 days ago. It was posted 15 days ago? :eek: Going to print this out or maybe I'll just have it tattooed to my chest and sit in front of a mirror while I trade the first hour.

no big deal, that is just a 50/50 situation, means nothing

 

[BCE]

Hey, you've got to give me some points for being able to make fun of and laugh at all this.

Sob, sob............................................................

I'll be joining my friend here shortly.