Day Trading Crude without indicators.

short 104.99 on bounce after trading box was broken.

 

02-21-2012 pre open

 

short 105.36 off 105.50 resistance. resistance level posted in pre open chart. Cover 104.82. +.54

Ideal target is 104.40, then 104,24 and so on but it already has bounced off 104.70-104.80 level twice against me during Globex session, so do not want to push my LUCK.

 

02-21-2012 Nothing but MESS after 9.15 am, so far

 

If it does not go down , it must come up. DX was there to help.

Long 104.92 , out 105.28 +36

 

I am not very good at drawing channels etc. Today was a good day to practice. The more i draw these, i like them but always with ACD, market profile, levels etc as BASE. On small time frame channels etc.. do not mean much. On hourly, daily, weekly and monthly they do provide nice clues like congestion area, expansion area etc..

 

long 105.54. out 106.20 ahead of 106.38 CHVN and 106.50 level.
+66.

Short 106.42, cover 106.16. +26. We have A up confirmed 10 minutes ago.

 

One level gets taken out with FORCE, price moves on to the next level till it stops for a breather .

 

Fisher's book says that once an A-Down has been established (as was this morning) you CANNOT have an A-Up. So the trade would have been a fade of the A-Up, right?

But you bought against the A-Up Level AND Globex High?

I haven't looked at all pages (yet) but do you ever have a losing trade? If not, this is a system I need to study more!

 

Per my OR which is 45 minutes, there was no A down. There may have been A down for smaller time OR traders like 5 minutes etc..

I have loosing trades every day. I have 2 this morning before open. they are always 10-15 ticks loss. I do not have time or desire to post every trade. I am just trying to share set ups. I have 30 ticks of loss every day normally during slow time, trades right at the open trade or trades when there is no Volume etc.

I had posted 105.50 as resistance in my pre open chart. When it gets taken out on Volume that's the INDICATOR i trust.

ACD method or any other require lot of screen time to get some confidence. My best friend traded next to me side by side for 6 months and did not go anywhere for various reasons.

So, there is lot to it than seeing someone trades. If the setups makes sense , good , otherwise everyone should keep on doing what they are already doing.

CAUTION: I did loose lot of money when i first started using ACD. There are lot of layers to it. Best thing is to use ACD in conjunction with ones existing method. Also, I only FOCUS on one instrument- CRUDE OIL. I do not trade CL one week and Gold etc. next week.