CL Redux

Win or lose, been a good day today.
6 trades and 5 winners.

However, the exact same set of rules and trading setups will probably lose me money tomorrow!

I can't seem to find something that works enough of the time to give me confidence.
The market seems to change it's mood so much each day, that it's like trading a new instrument each day, and the same things that worked yesterday will NOT work today.

Makes me think it's all very random.
I don't know the answer.
 
with-in 5 to 10 ticks today these levels played very well TODAY

1/ first support -- S1: #D1 VPOC 97.50 ( D1 = 1 day ago )
2/ next shot up to resistance R1 : #D3 High 98.29 ( D3 = 3 days ago )
3/ then when it dropped S1 acted as support
4/ then final shotup to -- R2 : #D4 VA Low 98.76

attachment.php




Quote from InvestVision:

Key support and resistance level for Monday

R3 : #D4 VPOC 99.23 ( D4 = 4 days ago )
R2 : #D4 VA Low 98.76
R1 : #D3 High 98.29 ( D3 = 3 days ago )

S1: #D1 VPOC 97.50 ( D1 = 1 day ago )
S2: #D2 POC 97.09 ( D2 = 2 days ago )
S2.2: #D1 Low 96.99
S3: #D3 POC 96.82 ( D4 = 4 days ago )
S4: #D3, #D4 VA Low 96.24
More...
 
With Updated Bars "ONTO" Previously projected Volume Profile Levels (( check the Post with S/R Levels submitted before Monday market Open with these levels )

Today S/R played like Textbook case of Volume Profile

with-in 5 to 10 ticks today these levels played very well TODAY

1/ first support -- S1: #D1 VPOC 97.50 ( D1 = 1 day ago )
2/ next shot up to resistance R1 : #D3 High 98.29 ( D3 = 3 days ago )
3/ then when it dropped S1 acted as support
4/ then final shotup to -- R2 : #D4 VA Low 98.76 ( D4 = 4 days ago)

attachment.php
 

Attachments

10/28/13 Monday OIL markets Recap
--------------------------------------
http://in.reuters.com/article/2013/10/28/us-markets-global-idINBRE96S00E20131028

(Reuters) - Brent crude futures rallied 2.5 percent on Monday after Libya's oil exports dropped, while stocks were little changed near record highs on expectations the Federal Reserve will keep its loose monetary policy in place this week.

<b>"I would like to say it's all about people waiting for the Fed, but I don't know what they're waiting for because I don't expect any change in Fed policy this week," </b> said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.

The U.S. dollar edged up but held close to a nine-month low against a basket of currencies .DXY as Fed policy continued to determine the greenback's trend.

The Federal Open Market Committee, the Fed's policy-setting arm, is unlikely to make any shift in policy at its two-day meeting ending on Wednesday as it awaits more evidence of how badly Washington's recent budget battle hurt the U.S. economy.

<b>OIL RISES ON LIBYA, OTHER MARKETS ON FED WATCH</b>
----------------------------------------------
In the oil market, Brent crude settled up 2.5 percent at $109.61 a barrel, bouncing off a more than two-month low, after a drop in Libyan oil exports revived supply concerns.

Oil production in the OPEC member dropped after new protests over the weekend at its oil fields and ports. <O/R>

Brent was recently trading up 2.4 percent at $109.46 a barrel and U.S. crude was up 0.8 percent at $98.58. <O/R>

The likelihood that Fed cash will keep flowing into the financial system for a while supported gold and capped gains on the U.S. dollar.
 
<b>Surging Bloodshed Undercut Iraq’s Oil-Fueled Economy</b>
=====================================

<b>It’s striking how different the outlook for Iraq is today than what it was as late as June, when the question was who would make room for growing Iraqi production in the marketplace,” said Daniel Yergin, author </b>

“It’s hard for companies to operate in Iraq,” Yergin, vice chairman of Englewood, Colorado-based research company IHS Inc. (IHS), said in a phone interview. <b>“The cost of operating there is higher because the cost of assuring security adds significantly to the overall costs.” </b>

Syria Spillover
====================
1/ Prime Minister Nouri al-Maliki, who leads a Shiite-dominated government, blames Sunnis for the violence. Larger forces are at work, with spillover from neighboring Syria, where the revolt against President Bashar al-Assad is a magnet for Sunni extremists funded by Gulf nations intent on reversing Shiite Iran’s influence in Iraq, Syria and Lebanon.

2/ <b>“Iraq and Syria are the battlefields of a proxy war between Iran and Saudi Arabia,” said Harith Hasan, an Iraqi political scientist and author of “Imagining the Nation, Nationalism, Sectarianism and Socio-Political Conflict in Iraq.”</b>

“Mounting violence has frightened investors, physically damaged a large number of businesses, and discouraged the exploitation of substantial hydrocarbon reserves known to lay under central Iraq,” said Wayne White, a former deputy director of the State Department’s Near East intelligence office.
 
Critical Support/Resistance Levels for Tuesday

<font color="red">
<b>R4: #D6 POC 100.07 ( D6 = 6 days ago )
R3: #D6 VA Low 99.66 ( D6 = 6 days ago )
R2: #D5 POC 99.23 ( D5 = 5 days ago )
R1 : #D1 High 98.82 ( D1 = 1 day ago )
</b></font>

<font color="green">
<b>S1: #D1 VA Low 97.82 ( D1 = 1 day ago )
S2: #D1 LOW 97.37
S3: #D4 POC 96.82 ( D4 = 4 days ago )
S4: #D4, #D5 VA Low 96.24
</b></font>
 
Quote from Visaria:

bastards took me out right at the low of the day! shot back up 40 ticks :mad:
More...
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Naughty-naughty!!! You need to admit losing trades for what they are and not blame others.

Blaming others means your method is flawed, or worse yet, there is no method. :p
 
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