CL Journal

Discussion in 'Commodity Futures' started by Buy1Sell2, May 3, 2017.

  1. yiehom

    yiehom

    You are right, every thing can happen, nobody knows in advance. Just do your thing, conflicting opinions are what keeps the markets moving.
    Trade well!

     
    #51     May 7, 2017
    algofy likes this.
  2. JSSPMK

    JSSPMK

    If I was to simply state my opinion I'd say next leg is more likely to be bearish.
     
    #52     May 7, 2017
  3. Buy1Sell2

    Buy1Sell2

    Continuing long here. Pricing is 46.90
     
    #53     May 7, 2017
  4. I went long 2 x stock positions (can refer to my journal) and 1 x stock has gained +2.5% the other +3.5% approx so far since open today.
    Hoping to hold for a few days.
     
    #54     May 7, 2017
  5. Buy1Sell2

    Buy1Sell2

    Long term chart remains bullish. Shorter term not so much. I'll be watching this one closely.
     
    #55     May 7, 2017
  6. JSSPMK

    JSSPMK

    Screenshot_20170508-044015.png
    What time frame? Weekly isn't that bullish.
     
    #56     May 7, 2017
  7. Mate :)
    MACD and a host of all that other old fashioned TA stuff works no longer. Believe me.
    Trading has gone beyond that, its way far more sophisticated.
    Every man and his dog has played with MACD when in trading kindy, you're gonna be outsmarted if this sort of stuff is what you think today's signals are made from.
    Not a put down, it's just reality of the times :)

    These days old TA sell signals are buys, and old TA buy signals are sells.
     
    #57     May 8, 2017
  8. JSSPMK

    JSSPMK

    Just consider price behaviour, forget MACD.
     
    #58     May 8, 2017
    themickey likes this.
  9. Buy1Sell2

    Buy1Sell2

    Weekly is in pullback mode to the longer term bullish monthly and quarterly
     
    #59     May 8, 2017
  10. Buy1Sell2

    Buy1Sell2

    Actually, trading hasn't changed, just the interface has. --MACD as viable now as ever--(and that's very)
     
    #60     May 8, 2017
    tfp likes this.