How can you say you are 2 for 2 when those bottoms don't affect your trade in any meaningful way? You went long before those "short term" bottoms, held through them, and are looking for around $60. These bottoms are inconsequential to your trade.
%% That maybe the bottom, for ES, SPY, SPXL, QQQ; bottom area approximate for early or 5 minute charts today in WTI. LOL.Too early in the intraday for me to call a kangaroo bottom tail.
I don't see why I can't call out a short term bottom without making a trade. I am not claiming that I made any money from the calls.
%% Sooner or later looks you will be right; looks like later. Since you started out CL Journal with a trade on WTI [or something very correlated to it LOL] We figured you were actually trading that bottom.Some traders think ES,SPY is correlated to oil; it has been But i always wondered if daytraders liked that simply because looking @ more data, could cut down on commissions .LOL.?? CNBC calls plenty of bottoms; but you do better than CNBC, i seldom read themLOL.
nice highs, nice lows, it doesn't matter, for those who are session traders out there, this morning offered both sides: Crude is screwed, man.
%% Maybe Re2016; but with that post dated may 3rd most of the longer term trends wereUP , including the 12 month charts. Fast forward or medium speed forward, LOL ,many of the trend$ including 12 months are down, today before lunch JUNE 5.Thanks. NOT a prediction + NOT calling the bottom.; we maybe closer than 7 days ago?? The bottom is only'' known'' in hindsight anyway.Thanks