CL Redux

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

  1. EON Kid

    EON Kid

    :( looks long for the afternoon, I'm looking to buy support
     
    #26771     Sep 26, 2011
  2. Tried a long .76 and stopped BE ...
     
    #26772     Sep 26, 2011
  3. EON Kid

    EON Kid

    keep swinging this zone should hold
     
    #26773     Sep 26, 2011
  4. C up failed to materialize but gave nice levels to short. Still plenty of time left to do it.

    If C up comes in lets say, 2 pm, will be holding position overnight.
     
    #26774     Sep 26, 2011
  5. dax3k

    dax3k

    Is the C Up sitting at 80.67 ?

    Why 20 minutes ? what's so special about it ?
     
    #26775     Sep 26, 2011
  6. big orders do not get filled like ours. They build positions. 20 minutes is a time filter to see if bulls are serious or if the orders were just by robot.

    Not evryone uses 20 minutes. It depends what or is someone is using. i use 45 minutes. most of the traders use 5 or 10 minutes. so for them time filter will be 1/2 of their or.
     
    #26776     Sep 26, 2011
  7. paper trades--
    Open:
    1 Long @ 78.42
    Target 81.31

    Order to buy 1 at 79.75
    12:18CT
     
    #26777     Sep 26, 2011
  8. Edit
    Reason for trade : double low.
     
    #26778     Sep 26, 2011
  9. 79.60 level being held since 11 am. so longs are 79. 60 area , with stop loss at 79.58. each time it gave 60-90 ticks.

    shorts are 80.60 area.

    A level is a level till get broken.

    anything in between , 10 ticks stop loss has a high chance of getting stopped out
     
    #26779     Sep 26, 2011
  10. but traders using smaller time frame or like 5 minutes etc.. 80.67 level has very little value
     
    #26780     Sep 26, 2011