no doji, it is difficult to ever understand what or when you are placing your trades..give me a time and I will tell you what happened. you cannot ask someone to help you figure stuff out if you do not give more specfic information.. most likely a large buyer came in.. check the time and sales... the ticker is definitely ripping up and down on this one today. This points towards lots and lots of indecision. even the pros in teh know do not have a clue.. so lots and lots of super short term whipsaws and screwing with the bid/asks.. traders are trying to induce a "tell" even short term.
Tell me, WTF was so "dippity-do-buy-me-right-this-minute-or-never-see-this-bargain-price-again" about 103.32? ADD: Hmmm, looking at it here, maybe that IS the bargain price from now on out and we should go all in and target $108. I'm stepping away from my desk for a few...
http://www.marketwatch.com/story/oil-resumes-climb-in-electronic-trading-2011-03-03 âTraders face a weekend of uncertainty over Libya and several other countries in the Middle East and North Africa,â said James Williams, an economist at WTRG Economics. âIn times of political uncertainty in OPEC members, there is often a âweekend effectâ as there are a lot of bad things that can happen in two days.â A floor for futures Analysts said the ongoing unrest and the possibility of escalating violence will likely place a floor under oil futures for the time being. âIt may be some months before the supply interruption risk premium in oil prices is reduced.â James Williams, WTRG Economics âIt may be some months before the supply interruption risk premium in oil prices is reduced,â said Williams. Analysts at MF Global said that âeven if the Libya situation stabilizes somewhat, in that we see a continuation of relatively low-grade fighting between the two sides, there is always a chance of upheaval somewhere else.â âIn this regard, Oman, Bahrain, Iran and Saudi Arabia are all potential flash points and could spring back on the scene at practically any time,â the analysts said in a note to clients.
Good point about the cross currents. Euro touched 1.4005 this am. GBP/USD fighting at some key levels. WTI touched 29 month high at $104.09. Brent touched 30 month high $119.79. Trichet to hike rates or not hike rates? Silver touched above February 1980 peek.
TZ, I don't post trades much because I close everything other than my 4 time frames of charts and my DOM to avoid distraction. If price action is calm, I may sometimes call trades, or if I see a to-die-for setup like that failed final flag yesterday. I posted a series of trades a while back to demonstrate how you can trade in and out with very tight stops (good luck doing that now), and posted recently to demonstrate how I manage a trade-in-progress. I think that kind of thing is helpful to everyone, because we all trade differently and I find it interesting to see what others are doing.
No doji, That's cool. Doesn't matter to me what anyone else really does with their trades, but I was only trying to pin point when you were short.. I am guessing by a 1 second chart.. that it was aroudn 930 ish.. basically if you look at at it .. there was tons of selling at .62.. then yes they ripped it higher at .32, in 2 seconds it was back to .62.. it was just volume.. there was little to no volume then bamm! in 1 second 300 lots traded..buying higher and higher by the milisecond
Yes in at 11:29 eastern, out at 11:31. I guess I should be thankful I got my 8 ticks out of it :eek: It was such a great setup, too, 2nd HL and break thru the 20 EMA, "always" takes price through the previous pivot low. Except when it doesn't...
L 103.71 Close 103.91 Ooooops! On it's way to 106 Just scalping. ADD Hey I only left 30 ticks on the table. Make that 40 so far. Oooops! Are we having fun today?