CL Redux

Quote from beachhouse:

It is more likely to drop with Europeans tonight.

The European insurers (Lloyd's for example) are selling big time today. This indicates something bad is going to happen. If my guess is right, it means private bond holders are NOT joining the Greek swap deal, meaning that the insurers will pay the bond holders all the money that the Greeks refuse to pay.

If any banks are also in the bond insurance business, they will take a big hit, too.

I wonder why rating agencies are always hesitant in downgrading these banks. Crooks delaying the inevitable?

http://www.marketwatch.com/story/eu...-german-bailout-vote-2012-02-27?siteid=yhoof2
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So ............. how them shorts comin' beach? :D:D
 
Quote from BCE:


"And in the end the love you take is equal to the love you make."
~ George Harrison
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Should be credited to Paul McCartney.
This passage is @1:30 of this video. :) This was the Beatles last song. Although the album Abbey Road was released earlier, it was the last one they recorded.

<iframe width="420" height="315" src="http://www.youtube.com/embed/1AN7S7n8VdM" frameborder="0" allowfullscreen></iframe>
 
Quote from BCE:

One last thing, NoDoji, I hope you'll see this. I was going to send you a PM this morning but see that's not an option now. Or email you but I guess that's not an option either. I'll try to hook up with you on Skype I guess as I do want to keep in touch. Hopefully that will work.

I know that except for a few confused souls you'll be greatly missed here at ET. And I know that many, many people here wish you every happiness.
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What the heck did I miss? I've been puking my guts out both ends for two days. Is she retiring already?
 
Second leg divergence, double bottom. Fibs not used as vooodoo... just partial exit lines and trailing trigger once it gets to 3.14 on the chart. Helps gauge out favorable R:R if anyone wondering why fibs on my chart...
 

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Quote from riskaddict:

What the heck did I miss? I've been puking my guts out both ends for two days. Is she retiring already?
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Hey, RA. Really sorry you're not feeling well. I haven't been feeling that great either.

As regards NoDoji, I guess she's finally hanging it up here. http://www.elitetrader.com/vb/showthread.php?threadid=237799

She'll be greatly missed by many as I've mentioned. Such a good and intelligent person, offering her hard earned valuable knowledge to all and any that were interested, with a heart full of giving. And a good sense of humor too. :)

One of the posters in that thread shows some of the crap she had to deal with. There are a lot of confused unhappy people in the world. And out of their unhappiness they lash out at others. I know NoDoji realizes this too and hopefully didn't take it personally.
 
A wide channel after that selloff. I did a few scalps earlier. Lost some being stopped out, made some with small scalps, and ended up with a small profit. So volatile I decided to back off. There are easier days to trade than this. The selloff earlier was the best play obviously.

ADD: I thought it would be a volatile choppy day, as I mentioned earlier.

ADD2: Definitely a scalper's day.
 
Quote from BCE:

....

ADD: I thought it would be a volatile choppy day, as I mentioned earlier.

ADD2: Definitely a scalper's day.
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Indeed, the high frequency algos are battling between each other :)

We might hit 106.50 at some point, that'll give us the average daily range. Or 109.50, probably less likely.
 
Done for day , this weeks sim results in my testing new setup/exitrules attached... strictly oil trading . Personal rule is that I Can't do new setup live until I get a full green week or am positive 12/15 days . Daily loss limit 2% risk per trade .05%.
 

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