I guess big oil funds will digest FMOC notes and the world Markets reaction to that till this week end with chop range 87 to 89 , then 90s decision will be made next week .
DX weak still. http://www.barchart.com/chart.php?s...ddindicator=&submitted=1&fpage=&txtDate=#jump BBIB
InvestVision, sorry for my lack of knowledge, if possible can you please explain what you mean by "5 MM build up" did you mean crude inventory report 4.84M
Yes , you got it. 5 MM = 5 Millions barrels buildup = oil in the storagae increase from last week http://in.reuters.com/article/idINWEN621920110126 Crude stocks rose 4.84 million barrels last week, according to the U.S. Energy Information Administration's report, more than the consensus forecast. [EIA/S]
@riskaddict I have IB as my broker, but charts are terrible. Basically I am trying to get good price volume histogram as shown in your charts. I want to still keep IB as my broker , I am ready to pay small montly fee for real time charts&data , appreciate your input on this one. Here is one idea I have , let me know my best options for these kind of charts. I am planning to try for a demo account from thinkorswim as shown in this URL below. https://www.thinkorswim.com/tos/displayPage.tos?webpage=paperMoney what I am interested is Volume histogram on PRICE as shown on your charts. It seems I need to subscribe to these pro subscription scripts ?? or can I get voulme profile histogram as part of the Thinkorswim paper money account platform itself ? http://www.thinkscripter.com/indicator/daily-volume-and-tpo-profiles/
Exit 87.70 Enter 87.41 - Exit 87.70 = +.29 Enter 87.21 - Exit 87.70 = +.49 Enter 87.26 - Exit 87.70 = +.44 Total = +1.22 That's the good news. The bad news is it was only a sim trade. I keep checking to see when my meager funds show up in my real account.
Tell me about it. This happens to me frequently: There's a narrow range/chop day (like yesterday) and I become conditioned to scalp. But once 86.00 held up this morning via a twin bottom and THEN established higher low support, there was absolutely no reason for me to exit my 86.30 long, because 87.27 (1/24) support was a reasonable initial price target on the day and there were no other significant levels in between. In fact, there's this diligent day trader I know who posted some important technical price information early this morning. I should've paid more attention to her