close 96.25
CL Redux
- Thread starter schizo
- Start date
net +90 Ticks of this trade. , assume people took the short opportunities presented today .
for me today key was WTI OIL Divergence with GOLD gave me strong conviction DOWN OIL day.
In the morning when Gold was down $25 which is the prime instrument for 'Gauging the effects of FED Taper delay' especially 'on the Day and Day after FED' , any other instrument related to FED Taper will mostly follow GOLD Lead.
OIL Bots/Market Makers played good fake spike this morning when GOLD is dropping from DOWN $15 to DOWN $25 , BOTs pulled OIL to 97.0 to trap all the Bulls .
for me today key was WTI OIL Divergence with GOLD gave me strong conviction DOWN OIL day.
In the morning when Gold was down $25 which is the prime instrument for 'Gauging the effects of FED Taper delay' especially 'on the Day and Day after FED' , any other instrument related to FED Taper will mostly follow GOLD Lead.
OIL Bots/Market Makers played good fake spike this morning when GOLD is dropping from DOWN $15 to DOWN $25 , BOTs pulled OIL to 97.0 to trap all the Bulls .
A Syrian air defense base near the port city of Latakia was completely destroyed on Thursday morning in a missile attack from the sea, Arab media reported.
http://www.jpost.com/Middle-East/Reports-Syrian-air-base-destroyed-in-missile-attack-from-sea-330232
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Israeli planes strike Syrian military base, U.S. official says
http://www.cnn.com/2013/10/31/world/meast/syria-civil-war/index.html?sr=sharebar_twitter
The target, according to the Obama administration official, was missiles and related equipment the Israelis felt might be transferred to Hezbollah. The official declined to be identified because of the sensitive nature of the information.
http://www.jpost.com/Middle-East/Reports-Syrian-air-base-destroyed-in-missile-attack-from-sea-330232
--------------
Israeli planes strike Syrian military base, U.S. official says
http://www.cnn.com/2013/10/31/world/meast/syria-civil-war/index.html?sr=sharebar_twitter
The target, according to the Obama administration official, was missiles and related equipment the Israelis felt might be transferred to Hezbollah. The official declined to be identified because of the sensitive nature of the information.
Having CONVICTION is the KEY in TRADING , How one GETS it does NOT Matter.
==============================================
This is not directed at anybody, just sharing my thoughts ..
There are very FEW GOOD pure TA traders on this forum and other places , they are doing well .
But there are many traders THINKING they are doing TA , but pay lots of attention to News , they lack conviction of their TA.
when they see NEWS and can not pull trigger on TA setups , those are getting into TROUBLE.
In trading there is no ONE right way of doing things, Having CONVICTION is the KEY , How one GETS it does NOT Matter. weather that comes from
a/ TA
b/ Quants
c/ Historical DATA and Event Pattern recognition etc..
d/ other methods ..
==============================================
This is not directed at anybody, just sharing my thoughts ..
There are very FEW GOOD pure TA traders on this forum and other places , they are doing well .
But there are many traders THINKING they are doing TA , but pay lots of attention to News , they lack conviction of their TA.
when they see NEWS and can not pull trigger on TA setups , those are getting into TROUBLE.
In trading there is no ONE right way of doing things, Having CONVICTION is the KEY , How one GETS it does NOT Matter. weather that comes from
a/ TA
b/ Quants
c/ Historical DATA and Event Pattern recognition etc..
d/ other methods ..
Thanks Schizo ..
For me this is like Notes keeping, I am more of a Swing trader so I need understanding of these events .
Even other forum members , you can voice if my LONG news Posts are bothering. If so I can create a new sister thread CLRedux2 ( :- ) to post there. All I need a is a place to POST things to get my Understanding CLEAR .
I am telling this in a friendly manner . I DO not want my LONG posts obscure your SMALL posts .
Having said that LONG post continue, until I hear couple of complaints ... : -)
For me this is like Notes keeping, I am more of a Swing trader so I need understanding of these events .
Even other forum members , you can voice if my LONG news Posts are bothering. If so I can create a new sister thread CLRedux2 ( :- ) to post there. All I need a is a place to POST things to get my Understanding CLEAR .
I am telling this in a friendly manner . I DO not want my LONG posts obscure your SMALL posts .
Having said that LONG post continue, until I hear couple of complaints ... : -)
http://www.reuters.com/article/2013/10/31/us-syria-crisis-israel-reports-idUSBRE99U1E520131031
0/ <b>One Syrian opposition source, a defector from air force intelligence </b>with contacts in the Latakia region, said Israel struck a strategic missile battery near a village called Ain Shikak where President Bashar al-Assad's forces kept <b> long-range Russian missiles that are among their most powerful weapons.</b>
1/ Former Syrian intelligence agent Afaq Ahmad, a defector now in exile in France, told Reuters that contacts of his inside Syria, including in Latakia province, told him Russian-made ballistic missiles had been kept at the site that was attacked.
2/ Israel struck Syrian targets near Damascus
- in January and
- twice in May and
- was suspected of being behind the destruction of a naval installation near Latakia in July.
3/ <b>Noting Syria's failure to retaliate after previous Israeli action</b>, Ahmad said "Israel knows Assad has lost the ability to respond ... So it has been engaging in unannounced attacks on the weapons that could pose the most threat in the hands of Assad or if they are transferred to Hezbollah".
0/ <b>One Syrian opposition source, a defector from air force intelligence </b>with contacts in the Latakia region, said Israel struck a strategic missile battery near a village called Ain Shikak where President Bashar al-Assad's forces kept <b> long-range Russian missiles that are among their most powerful weapons.</b>
1/ Former Syrian intelligence agent Afaq Ahmad, a defector now in exile in France, told Reuters that contacts of his inside Syria, including in Latakia province, told him Russian-made ballistic missiles had been kept at the site that was attacked.
2/ Israel struck Syrian targets near Damascus
- in January and
- twice in May and
- was suspected of being behind the destruction of a naval installation near Latakia in July.
3/ <b>Noting Syria's failure to retaliate after previous Israeli action</b>, Ahmad said "Israel knows Assad has lost the ability to respond ... So it has been engaging in unannounced attacks on the weapons that could pose the most threat in the hands of Assad or if they are transferred to Hezbollah".
