CL Redux

Yipee!

 

Tightened my stop to .11 Looks like it's flattening out and could go either way.

 

If we close this 30 min bar under 74.47, I am short at 74.46.

 

CL correlations. I'd say Kid is right, it looks choppier than usual.

Oil news (hurricanes, refinery, etc.)? I'm sure this lateral congestion isn't helping either.

 

Stopped out 74.36.

Down 44 ticks so far. Jeez.

 

So far this is a market in balance, we have failed so far to take the high and lows of the day, waiting for a re entry at 74.47 if it failed to take today's high.

 

There's that bounce off the 20 ema. What a great call. What lousy timing.

 

Good information that I found yesterday in a Market Profile book:

• BC ( 10:00-11:00 AM) makes high or low 69% of the time
• BCD (10:00-11:30 AM) makes high or low 80% of the time

 

The last pullback around 10:30AM was actually a good trade. finally paid off, not that I took it of course. hard to pull the trigger near HOD.

 

mrbochin

How did you learn MP and what are you preferred books on the subject?