Day Trading Crude without indicators.

Thanks for sharing all that and the clarifications and your observations in this thread. There are obviously a lot of different ways to trade. Best of luck trading this week. :)
 
02-13-2012 Monday pre open.

Overnight inventory long. Will be interesting to see how NY traders respond to Glob-ex session micro bullish stance.

CL 30 days number line is -13 vs E-min 30 days number line is +18.

Basically means to sell any rallies of CL at resistance and be looking for longs in E-mini on pullbacks.

Where to short CL ? as it has many resistance levels. It depends on a trader time frame, stop loss, intra day MOST IMPORTANT PRICE LEVELS as set by Market makers etc..


CORRECTION: Quote of the day should read " What did not happen in the market is more important than what happened in the market"- Jim Dalton
 

Attachments

01-13-2012 Failed A down set up off euro session low of 99.37. 2 trades +86 ticks.

This idea That market makers like to test 3 boxes on majority of the days is i got from Shopster after he posted his charts. Thanks shopster.

3 boxes:

Asian session High and Low

euro session High and Low

New York session High and Low.
 

Attachments

Quote from mfbreakout:

02-13-2012. CME has halted CL futures. Praying that i do not get stopped out 40 ticks higher than my stop loss of 99.71 when it opens.
More...

why is crude halted, uso at new highs btw
 
Quote from mfbreakout:

01-13-2012 Failed A down set up off euro session low of 99.37. 2 trades +86 ticks.
More...

I am quite familiar with CL trading and see that you consistently can pick tops and bottoms within 10 ticks and capture the meat of most moves without any losses. Truly remarkable!

I have never seen anyone else do this in my years of trading without losses of significance even though their system had a positive expectancy.

I have yet to see any compelling evidence that your system has any criteria or rules that would produce these kind of results consistently. (And yes, I have read all of the posts)..(And yes I have read both of your base books).

I will be open minded if you can make your 100-200 ticks/day while calling trades live for just 1 day.......

Brings to mind a quote.........

"Figures don't lie, but liars figure."

~Samuel Clemens (alias Mark Twain)

TW
 
You must log in or register to reply here.
Back
Top