CL Redux

Quote from Zr1Trader:

Legs greater than 40 pts summarized so far today.
More...
Interesting chart from NT. How do you get it to do that? Is that the pro version?
 
Weird action, eh? Someone tell me this is trading on fundamentals or technicals for that matter. Too weird for me. Had a good day. Leave it at that.
 
Quote from Zr1Trader:

107.40 perhaps if we get a nice dumpin
More...

That would have happened if the equities market did not do a rebound.

These days algorithms work in unison, they buy everything at the same time: stocks, oil,..... even thought it makes no sense.

Welcome to the world of computer trading, it makes things easier and simpler, but illogical.

You can also argue that, in a different way, it also makes things more difficult, because it makes things illogical.

Every time I see oil goes up with stock index, I am thinking: What a stupid algorithm!!!!!

Tell you a secret: I sometimes trade oil by looking at ES chart only and it works! It shows how simple and uniform the markets have become.
 
Quote from BCE:

Interesting chart from NT. How do you get it to do that? Is that the pro version?
More...

I use the ruler tool that comes default with nt to map out the days gyrations using a min of 40 pts to define each leg. I do it manually by hand.

It helps to see avg swing lengths , and duration of swing. Also helpful for me to keep stats in an excel sheet.

Kind of like an ATR for intraday swings.
 
Quote from Zr1Trader:

I use the ruler tool that comes default with nt to map out the days gyrations using a min of 40 pts to define each leg. I do it manually by hand.

It helps to see avg swing lengths , and duration of swing. Also helpful for me to keep stats in an excel sheet.

Kind of like an ATR for intraday swings.
More...
Thanks. :) Interesting.
 
Quote from riskaddict:

lol this morning
More...

I don't blame you. The pain of holding is excruciating. But I have decided to hold until Wednesday. The inventory number will help. I see 105 by Friday.

by the way, today is one of those rare days when oil doesn't follow index. It may mean big drop in oil price very soon. Big players know more than we do.
 
MF's other CL thread has inspired me to focus on my day trading which has been pretty solid as of late. But I know i'll probably cry a little bit if I wake tomorrow and we are down 3 bucks. In fact I'm crying a little bit right now as I'm watching it tank while I'm goofing off watching Iron Monkey for the 5th time.
 
You must log in or register to reply here.
Back
Top