Out at 107.91. Just wanted a little boost at the end of a drawn out day. Let too many other profits evaporate. Now of course it goes to 110. Off to the show. Have a good one guys. Last ADD: Actually was filled at 107.92. Some extra for popcorn.
RBOB daily: http://bit.ly/gSGvjR avg. daily volume around 40k which is 1/6 of CL volume open Interst 100k at 1/3 of CL open interest seems good . RBK11 - CLK11 spreads today 5 min spread : http://bit.ly/fOvu9u 3 day 15 min spread : http://bit.ly/gE3g8g
any sell off won't be straight drop , it is usual down, up , downs so with TA based trades it is hard to profit big part of the move in these environment, some one having strong opinion on price and holding 1 to 2 days can only catch these drops as they are tedious slow ones .. of course this holding comes at big cost some times ...
Not necessarily. We have these sort of events before. You have a narrow range for a day or two then something happens on the following day, maybe a report ( i note the crude oil inventories numbers are tomorrow ) and everything sells off like mad.
CL about 300k/Day BRN about 150k/Day RBOB about 60k/Day Have a look at the intraday chart, I cant see any correlation ?
Where is NoDoji? Is she around? I'm sure she rolls around in laughter at all my trades (even though i'm sure we don't trade dissimilarly).
Hi! I would never laugh at your trades (and I do think we trade similarly) I usually check in here if I get bored, but today's action fully engaged me, mainly because I was cross-referencing the 1-min chart most of the day. Kingjelly, thanks for compiling something out of my posts. I knew someone would write a book for me eventually Two days of narrow range consolidation. It's good to avoid trading with a bias under these conditions; opens up many more intraday opportunities. Unless a key level is in play, I've been taking hard .20 profits on most of my trades if price gets there. They really add up in a range. My fear is that I'll have a .20 hard target in on a day when price makes a 2-point straight run...
Hi NoDoji! Glad you didn't laugh at my trades (you can do so later!). My question is: why did you choose to have 20 point fixed targets today? Did you have stops 10 ticks away for a 2:1?
Haven't you found her pattern yet? It's all post-hoc bragging. If it's a trending day, she would post a winner of 80 cents to 125 cents, from the bottom to the top, or from the top to the bottom of the range. And her limit order entry happens to be at the top or the bottom! If it's a side-way day, she would, after the session is over, post how she buy the bottom, sell the top; then sell the top, cover the bottom; then buy the bottom, sell the top. Has it ever occurred to you that it's too good to be true?