Merchant is such a putz! All sixteen of us screamed at him how to take and manage this trade, and he still fucked it up! Oil is screaming up. The Hershey channel exhibited an FTT. Making a double top, no less. Higher prices had failed to generate much volume. Prior high volume was on lows. So short, alrady. Below is what he did. Totally whit trash chickenshit. Chart to follow.
Indeed. There was a clear volume blowout at 7:56 PT, only two minutes after he wimped out, that the schmuck didn't have the balls to wait for!
So stocks don't respond to oil, you say? Short NQ 1567.0 8:29:13 PT Cover 1565.0 8:31:59 Chart attached.
Ain't it amazin' that no one spits on your floor when you post executions? I would go to Candlefarter's thread and rudely reinvite him to do the same, but we're supposed to make nice in the new ET.
MY cheering section forgot to post the "Little Red Line" (at 8:25 PT) that says to Merchant "Make your move, fat boy!"
I am constantly amazed at how much alcohol consumption improves my trading ability. While I made those little scalps I was finishing off a $25 bottle of Moet White Star. Very tasty in the morning. Would that minor charactor flaw prevent me from getting a prop job on the Street? That plus being three times as old as the punks they hire out of Ivy League colliches? (I went to a venerable Southern drinking school. Gentleman's "C" and all that, doncha know.)
Just to make sure that I never get that prop trading invitation (they make yo' w'ar shoes!), I will share with you the rationale for the oil trade my advisors just had me make. Madmen that they are, they were reading the minds of the Street, and channeled to me this composite conversation: 8:27 Boss, oil just broke out of it's range upward. 8:27 Who fucking cares? Oil is dead. Don't you read ET? Don't fucking bother me again! 8:28 Uh, boss? It just went up another dime. 8:28 Will you PLEASE shut the fuck up! We are about to engineer an upward breakout from NQ's consolidation. We just saw that ET idiot Merchant's Little Red Line! While you were watching your precious fucking oil, NQ failed to make a lower low! Hold the line on the consolidation! 8:29 Uh, it's up another dime. 8:30 Oh, fuck! Here come the market sells! Quick! Scuttle the fucking bid and rework today's scenario for a selloff! You! Oily! You're fired! What didn't you fucking tell me something was HAPPENING!