Try these... PS: See, a large bar down begets another large bar down. & Just for the sake of it: sim long at .17; stop to be; target .67 or EOD. :41 stopped out be
You are right about that! And I always thought 3 red bars were followed by a green bar, until I left that 80+ ticks on the table this morning
SIM Today total 9 trades + 460 Its very hard to stop myself from over trading, I hope I can repeat this performance again tomorrow.
The smaller the range in CL, the more $$ I make Actually, I'm pleased that I started the day very aggressive, trading all valid setups, 1 small loser (should've reversed long at the stop price). I even had 2 long trades.
api will be really important, as a bad api, and china selloff could really apply some pressure for stop chasers tonight. Expiring contract is going to provide for a wild volitile ride tomorrow.
Today may have been just one bad day, as traders ran to the sidelines while they figure out exactly what the implications of China's raise are (plus Apple, etc.), or it could actually be an inflection point. Either way, it seems volatility is picking up, so enjoy your $5,400 margins while you can.
We all now know what happens when there is a big red bar especially when that bar is daily. There was some douche on cnbc saying the DX is going to 70. I wish i went all in short 20 CLs right then. Maybe the Yuan is the new dollar, we'll have to start saying the dollar is pegged to the yuan instead of the other way around. All I know is there is no way China will not let the dollar tank no matter how much we want it to. China is actually helping us, who gives a shit about the stock market regular poor people need a strong stable dollar since we don't producing anything of any value for anyone else.