Day Trading Crude without indicators.

OK. Thanks.

CL has changed a lot since Fisher's book came out in 2002 or so. Actually it's changed a lot since 2007.

I guess I need a longer OR then.

I think some losing trades, or rather the thought-process behind them like the profitable ones, would be a benefit . . . but it's your Journal.

I was actually surprised Globex high was taken out on volume that came out of nowhere. Thankfully, the move was so clear it was easy to take my lumps (also 15-ticks) and reverse.

Thanks again . . .
 
I have received lot of questions about support and resistance. I subscribe to multiple subscription services.

Attached sheet from Global trader www.gr12.com is my favorite and the only one i pay attention to.

My friend who introduced me to Crude Oil futures trading and different aspects of trading in terms of execution does not use any subscription service and does very well and better than me. So these services are not do or die services. I just use them.

Looking at so many levels as shown on these daily sheets can lead to ANALYSIS PARALYSIS. One has to know which one to focus on etc. When any of these levels get broken on VOLUME, i take notice.

Thus, even if one does not have these support/resistance levels, when any a level is broken on VOLUME- that level becomes important. These sheets just make it easier for me to make and keep notes.

I am just sharing these in response to questions I received.
 

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