Day Trading Crude without indicators.

one more.

long pendings filled and blown out.

3 sisters short in ny session, puke to retest the asia low

fill the new short pendings and blow out these stops

three sisters reset in ny , fresh meat .

once you fully understand this market maker mentality in the game, you get to win.

cheers,

s

:cool:
 

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"once you fully understand this market maker mentality in the game, you get to win."

Thats one of the areas i am hoping to get better understanding off.

Thanks for posting charts.






Quote from shopster:



one more.

long pendings filled and blown out.

3 sisters short in ny session, puke to retest the asia low

fill the new short pendings and blow out these stops

three sisters reset in ny , fresh meat .

once you fully understand this market maker mentality in the game, you get to win.

cheers,

s

:cool:
More...
 
lets add some divergence to the setup.

3 sisters with needle work at the top.

shop zerolag cross, down histo bars.

you cannot be long on the crossover of this histo, ever....

three sisters pinned out bottom
lift your short.

cheers,

s

:cool:
 

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a market maker's job is to push the market towards the paper.

retail pendings are paper.

no paper, no paycheck.

retail traders are a herd of cattle , they accumulate orders all at the same spots.

breakout guys lose 9 out of 10 setups.

this is a game of 3 coloured boxes, nothing more....

take out the old low or high, move some paper, then run the new stops.

paycheck time.

they don't give a crap about what the price is or about the news.

news helps them to move price and blow retail out........period.

retail trader sitting left, market maker right..........:)

trade with these clowns, not against them.

s
 

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.86 retrace in ny session of the euro box top.

can't take out the top.......?
lets go down and revisit the bottom of the euro session box.

new short pendings filled
now back up to blow out the new shorts.

40 ticks should do it.

now back down for a retest of the low of the session, or not.........:)

this is what MM guys do, they cannot do anything else.

cheers,

s

:cool:
 

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Quote from mfbreakout:

11.37 am . CL dipped to 99.10 well below OR high, so in my book this A up is weak and unlike when we have a STRONG A up- where i do not mind BUY high and SELL higher, I will be careful with this A up.

So longs on pullbacks and short into resistance.
More...

01-30-2012 Oil Pit Close. Weak A up and failed C down set up.
 

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Quote from mfbreakout:

01-30-2012 Oil Pit Close. Weak A up and failed C down set up.
More...

My short after A up was as a result of shopster post. I was looking for longs and after looking at his post, i switched and shorted CL.

That's the purpose of this journal. Share and Learn.
 
01-30-2012 Pre open.

With 30 days number line of -16 ( unlike E-min which has +10 number), I am CAUTIOUS of CL rallies and trading breakout.

8.00 AM.
short 100.12 , stop loss 100.21. target 99.70 to 99.50. Pre open Volume is not there to GUIDE so i book gains quicker VS when trading during RTH.

CNBC just reported that at 6 am it looks like there was a FAT FINGER error in Crude Oil- 8.35 am. FAT FINGER error is also an example of THIRD FORCE.


30 days Number Line: If one does not have 30 days number line ( it just makes it a little easier to keep price action front and centered) all one has to do is look at days close vs yesterday close. For example, yesterday close of 98.78 vs Friday close of 99.56 is all one need to know that price action is NEUTRAL at best.
 

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