CL Redux

Discussion in 'Journals' started by schizo, Oct 9, 2009.

  1. NoDoji

    NoDoji

    5-min chart, flat 20 EMA, 89.55 previous support. Watch for resistance there. OK, done thinkin' now, back to tradin' :p
     
    #14051     Jan 20, 2011
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  2. BCE

    BCE

    Great! WTG. :) Nice trading everyone. :) And Star, hope you find your way out if you haven't.

    BTW, the most recent low was on 1/7 = 88.45.
     
    #14052     Jan 20, 2011
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  3. EON Kid

    EON Kid


    Awesome! [​IMG]
     
    #14053     Jan 20, 2011
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  4. Picaso

    Picaso

     
    #14054     Jan 20, 2011
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  5. schizo

    schizo

    LOL. That's exactly how I feel. I'm in a slash-and-burn mode.
     
    #14055     Jan 20, 2011
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  6. NoDoji

    NoDoji

    There's only one explanation for this kind of technical precision: Bots

    :eek:
     
    #14056     Jan 20, 2011
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  7. Picaso

    Picaso

    Let RoboNod loose on those suckers and give them hell! :eek:
     
    #14057     Jan 20, 2011
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  8. kingjelly

    kingjelly

    Hi Guys,

    I have a question about how you guys handle longer term support and resistance on CL and any contract that rolls over frequently like monthly. My charting platform has added the ability to create your own continuous contract. It has several different methods to back adjust the previous contracts (difference, ratio, no adjustment). When you look back into previous contracts do you use the actual price it was at as S/R or some kind of adjustment ?

    Thanks,

    Preston
     
    #14058     Jan 20, 2011
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  9. NoDoji

    NoDoji

    I look at the S/R levels on the current contract's daily chart.

    For today my S notes were:

    S: 91.10 (also 20-day EMA), 90.26, 89.28, 88.45
     
    #14059     Jan 20, 2011
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  10. schizo

    schizo

    Adding back @ 89.72
     
    #14060     Jan 20, 2011
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