CL Redux
- Thread starter schizo
- Start date
No doubt.
"Fake" break below the 50% level, but snapped back up.
Possible consolidation here before a new push to the highs? Or may we actually roll over after all...
Such a beautiful creature. 
Now, I`m out of here. Have fun guys and gals. Back to hunt ticks tomorrow.
Now, I`m out of here. Have fun guys and gals. Back to hunt ticks tomorrow.
Using a min of 40c to define each swing....
Avg intraday swing in CL is 50-70 ticks , avg number of swings greater than 40 cents is usually 7-12 ,
So if one is trading intraday one might think about taking profits or half off once you're 50+ ticks in profit.
Typically 1 in 5 swings greater than 40cents is a dollar or more runner.
just some stats that may help
My 2 cents
Avg intraday swing in CL is 50-70 ticks , avg number of swings greater than 40 cents is usually 7-12 ,
So if one is trading intraday one might think about taking profits or half off once you're 50+ ticks in profit.
Typically 1 in 5 swings greater than 40cents is a dollar or more runner.
just some stats that may help
My 2 cents
Quote from Zr1Trader:
Every market out there has an oscilatory tendancy laid out before all particiapants eyes. The beauty for the small player is that they can play these oscillations
Good stuff, Zr1.
As you may already know, I already do collect statistics of the daily swings among other metrics. It is definitely helpful in day trading.
Today:
A total of 11 swings using a 40-cent filter.
Total cents offered as the sum of the up and down swings - 790 cents.
Average swing - 72 cents.
Maximum swing - 136 cents.
Minimum swing - 43 cents.
Credit and huge thanks go to Cheese for this simple, but very powerful approach to measuring the market.
Quote from Laissez Faire:
Good stuff, Zr1.
As you may already know, I already do collect statistics of the daily swings among other metrics. It is definitely helpful in day trading.
Today:
A total of 11 swings using a 40-cent filter.
Total cents offered as the sum of the up and down swings - 790 cents.
Average swing - 72 cents.
Maximum swing - 136 cents.
Minimum swing - 43 cents.
Credit and huge thanks go to Cheese for this simple, but very powerful approach to measuring the market.
Quote from Zr1Trader:
Gyrations
Every market out there has an oscilatory tendancy laid out before all particiapants eyes. The beauty for the small player is that they can play these oscillations
Z,
Are you measuring swings by using the MACD? Or by price making either a higher/lower swing than previous swing? Or is it a minimum amount of price movement?
*edit - sorry, just saw your post above about 40c being the min. Thanks for posting though!