CL Redux

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

  1. Visaria

    Visaria

    long at 10725, stop 20 points away(!)

    add: moved to 10 points away.
     
    #18861     Apr 1, 2011
  2. out 107.23, will do it late.

    talk on the site made me commit an ego mistake.

     
    #18862     Apr 1, 2011
  3. jfranco

    jfranco

    Let’s begin our morning routine with the economic news for today’s trading session.
    8:20 Gold & Currencies OPEN
    8:30 Non Farm Payrolls

    9:00 Crude Oil OPEN
    9:30 US Market OPEN
    10:00 ISM Mfg Index
    10:00 Construction Spending
    10:30 E-mini Reversal
    11:00 Transition into Lunch
    11:30 European Close
    Looking at the news this morning we know today is a Friday, the beginning of April and the beginning of the 2nd quarter of the year. This all means today could be very quiet with traders waiting for next week to begin the 2nd quarter, or today may be nice and active with traders getting the new month/quarter off to a good start.
    I will be watching for volume at 830am est, and then try and Reading the Tape at 835am to see the market's reaction to the jobs report at 830.
    Im also expecting a slowdown rather early this morning. Friday's always end earlier than most days, and today may be even more dramatic with the big news at 830am
    Be looking for volume to slow down at 1030am this morning, watch the average true range (ATR) and the speed drop after the 10am news.
    Lets look at the markets we're day trading this morning...
    Crude Oil Futures
    Im looking at the 89range chart this morning and I see...
    we've tested the 107.71 resistance we defined on wednesday
    we are in a strong uptrend
    we are in a bullish price channel
    we recently broke the highs of the price wedge
    You can see all these aspects are confirming the STRENGTH of this market right now, pushing to new highs. This will definately give me a slight bias to the long side for my swing trades, but I will keep my options open for day trades in either direction today.
     
    #18863     Apr 1, 2011
  4. Short 107.50 (S/L 107.75)

    Going with the dollar strength after NFP!!
     
    #18864     Apr 1, 2011

  5. Dammit - stopped out - didnt see my stop triggered. fill came through late!
     
    #18865     Apr 1, 2011
  6. nice one, shorted 107.78, and covered at106.58. I know those sons of bitch
    will do that. limit order great. sorry for the late posting



     
    #18866     Apr 1, 2011
  7. Visaria

    Visaria

    shorted at 710, out at 660
     
    #18867     Apr 1, 2011
  8. Visaria

    Visaria

    Huge sell off, reason? Does it matter?
     
    #18868     Apr 1, 2011
  9. Sure would be a nice day for a gravestone doji
     
    #18869     Apr 1, 2011
  10. The strength of the dollar trumps any potential economic gains from more people working. Everyone knows the job market should steadily improve nobody knows what the fed will do.
     
    #18870     Apr 1, 2011