CL Redux

just fye: http://www.bloomberg.com/video/75574158/?cmpid=bit

 

I'm lost as far as this A B C stuff. This A you speak of is the bottom of that at 8:30 at .65? So a break of that would be a sell signal? So this doesn't take overnight action into account? A friend of mine recently had a long talk about how much credibility to give what would be seemingly import levels hit overnight. Oh yeah missed getting my short filled at .30 by 3 ticks while I was eating lunch. Oh well I go short the ES instead

 

i dont smile EVERYday.

i use other tools besides ACD method. fibs, pivot levels, chart patterns. ACD is useful but it's not my only tool. you've got to know how to trade than just expect green/red light from a range method.

 

out at 87.75. doesn't seem to want to go down too much and we're nearing the close

 

i plot the overnight OR also just to see where it is. it gives me a secondary cushion or barrier depending on what position i'm considering taking.

good call by MF on that 88.30 short. i was hoping it'd come back up to the .20s but it didn't. oh well...

 

Not getting filled (have I mentioned I hate the QM?), but you get the idea...

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Nice link, DC

 

long@87.55

add: hoping for an inverse head n shoulder here. stop placed at flat now(13:29 eastern)

 

I guess that gives higher probability for trades. I understand. Very interesting vid too, many thanks!

 

I'm still trading Sim, but I couldn't see myself trading qm, because of commiss being the same as cl... with the same "types" of set ups..

 

I'm on (trading ) probation, that's the only reason I trade the QM (instead the CL) and 6B (instead of 6E)