Please use "IGNORE BUTTON" and lets keep the thread clean. Just click on name of a member and you are provided to click on ignore option. This is my request to all the members. Anyone is free to start a journal/thread and if someone wants to converse Zen Student, please do so outside this journal.
So you've got me on ignore then? So you won't know that the oil market is going up. So sweet! Bit of (self) honesty wouldn't go amiss though. You're more interested in how you are perceived here and having an audience for your inaccurate drivel than you are in trading. Good luck making yourself rich with stuff that "works some of the time". Then again, your goal isn't excellence or wealth so why would this bother you? Since my contribution here is clearly unwelcome I'll fuck off.
ok now i get it.....you're posting charts when the trade is already well in the money....you're not as good as i thought.... i'm outta here.....
If one is a PRICE ACTION based trader then correlation among different asset class does not matter. Unfortunately, PURE PRICE based trading require lot of screen time. Thus some traders look into correlation to get an edge , clues etc.. One has to know when correlations are broken. 30 days number line gives clues. Here are 30 days number line for CL per MF sheet. Ignore everything except top line which shows dates and bottom 30 days number line for those dates. For example, for 12/16 30 day value was 8 and so on. 12/16 12/19 1/13 1/17 1/18 1/19 1/20 1/23 1/24 1/25 1/26 1/27 1/30 1/31 30 29 Crude Oil 9375 9405 9870 10071 10076 10054 9833 9958 9895 9940 9970 9956 9878 9848 8:30AM - 2:30PM G12 G12 G12 G12 H12 H12 H12 H12 H12 H12 H12 H12 H12 H12 net -32 30 -40 201 -11 -22 -221 125 -63 45 30 -14 -78 -30 BIAS s s S N n n S s s s s s s s DSI 45 47 68 77 78 74 69 73 71 74 77 73 73 69 plus- 0 0 0 0 0 -1 0 0 0 1 0 0 0 -1 -2 0 0 ABCD -3 -2 0 0 -2 -2 -2 3 0 2 -3 0 0 -3 -18 12 day Cum +/- -1 -1 -1 -1 -1 -2 -2 -2 -2 -1 -1 -1 -1 -1 12 day Cum ABCD -5 -7 -11 -9 -11 -13 -17 -16 -13 -9 -10 -8 -8 -7 30 day Cum +/- 1 1 -2 -2 -2 -3 -3 -3 -2 -1 -1 -1 -1 -2 14 30 day Cum ABCD 8 6 -13 -13 -15 -15 -19 -16 -14 -14 -17 -19 -17 -18 So number line has been giving clues to sell any rallies. Sell high and buy low. When number lines are healthy and positive, then I do not mind buy HIGH and SELL HIGHER. For comparison, following are S&P 30 days values starting 12/16 which are HEALTHY. -8 -14 -2 -4 0 2 2 0 4 4 4 6 10 10 So traders used to trading correlation between S&P and CL, are getting SURPRISED.
3 sisters set up. All one has to do look at shopster charts. I am getting PM about 30 days number line, levels etc.. There is a reason on page ONE of my journal I shared links to read . I will not be answering questions unless someone has read the book and have question to clarify. One does not have to use ACD. I will be happy to answer questions if someone wants to see how ACD can be added to their method but they still need to know the basics. I asked shopster some questions and he was nice to answer them and i am using them in conjunction with my method.
............................................ you want a trade call service................? hook up with the Zenster report back with 10 Zen completed trades with pics. post up your p and l blotter. lets reflect on that. s
short 98.54 cover 98.18. Why would I cover short from 98.94 @ 98.44 and then re short 98.54 with stop loss at 98.61? Charts enclosed. Cover 98.18. Early as usual but i do not mind ringing register when i have only 7 ticks risk.
............................................. you do not need to qualify your trades. a few pontificating trollers trying to piss in the tall grass will eventually shove off. s