............................................ HurricaneUS, not seeing a lot of constructive posting here. all looks like " psycho babble and cheap rim shots " to me. aka " the Zenmeister " and we all know how well that turned out. this grease thread is not a " trade call service......" retarded activities like that are positioned elsewhere in the loser section of ET. trade calling is for those sheeple who like to be spoon fed from cradle to grave with shit for brains. so shove off and head on over. or crank up your own thread and lets see what you got. what is a " stock tradin' pussy " like you even doing over in the grease pit with the men. bottom line. put up or shut up. cheers, s
Hi Nothing personal, and I'm reluctant to bring this up as I don't want to get into a back and forth, but on your chart here http://www.elitetrader.com/vb/attachment.php?s=&postid=3441361 you are saying you went long @98.09 and then long again @98.10. This doesn't seem right as the low of the day was 98.10 which it hit twice. So how could you go long @98.09? Also even if it was 98.10, to catch the exact low tick of the day twice seems unlikely. Also you're saying you don't want to be the first one to go long, but the definition of being the first one to go long is catching the exact low tick of the day and going long. Am I missing something? I'll leave it at that and am not interested in getting into a back and forth. I probably won't comment more other than that. Good luck with your trading one way or the other. ADD: Thanks for sharing the link to those videos as I'm always interested in the take of other traders on trading.
98.09 and 99.10 does not mean that's the price i initiated a trade. I do not do a whole lot of scaling in and out but some times i do when i am not sure of tape reading, levels etc.. In those situations, price posted represent my average price- the price i see at my dome after scaling in and out.
CORRECTION: Just went through my daily trading records and average price turned out to be 98.19 not 98.09.
02-09-2012 Trade based off yesterday 10.30 am sell spike. 1) Another set up can be if price breaks below 99.10 support and then come up for a short . 2) Or CL breaks above red candle high , pulls back and then go long.
02-09-2012. I keep on getting questions as to how i get my levels. I subscribe to couple of services to see what they are thinking. I trust service of Global research, a friend who is very good with Fibs, volume profile and then i use my intra day set ups for execution. http://screencast.com/t/RHxQQymPJoj