Short 1111.75, add 1115.75, stop 118.75, target profit.
Quote from startraitor:
See June 20th for Sunday night big gap up after extended run. Very likely this sucker is rolling back over this week.
Quote from pokito:
So, naturally, I am curious. Why CL (over ES or euro-dollar where there is enough action) and why only 1 car ?
Quote from NoDoji:
I found that CL fit my trading personality really well. I'm trading 1 until I attain the trader's mindset (Douglas' Trading in the Zone"). In case I never attain the trader's mindset, I'm having my geek of a husband program an automated system based on my trading style and all he can talk about is how quickly we can go live and trade multiple contracts once he's debugged the thing![]()
The nice thing is the automated system trades every signal; it doesn't look at a signal bar and come up with 4 reasons why the trade might not work all that well and sit around waiting for the "perfect setup". I traded one of the best setups I ever saw a few weeks ago and it failed. I left behind several fine trades because the setups didn't "look" as good, and waited for the perfect setup and I found it so perfect that I didn't even move my stop to break even and it failed completely and handed me a loss.
Quote from [Proximo]:
Good Luck with that :]
Just because you can program in C++ does not mean you can milk the market at will.
Quote from NoDoji:
tomahawk's being very modest about his own uncanny ability to pick counter-trend entries 2 ticks from tops and bottoms![]()

Quote from ammo:
not a long term forecaster ,but if this was a one day chart since mar 09,we rallied up to an old resistance,back down to the nip,we traded under the nip , down to the cleavage,back up to the nip, if we break above the nip there is a ledge at 1144,if we cant break it,normal next move would be back below cleavage to next nip.{930-901}..not trading it..just brought it up..maybe someone who trades these longer mp charts can chime in