Just try that on your next PD call, why not alongside with outright trade if you want. Risk is all limited and it's at least some valuable experience. Have a good weekend! Cornix
Yes, from here on out I will combining the PD's with my old neo-surf channel system rather than directional-- high readings on the PD's will be used to say enter now, move coming but direction not clear--------thanks and have a good weekend! last weekend of skiing in Quebec, north of here, so will be there. surf
Do you ski, RR? very warm in NYC this weekend. I have always wanted to circumnavigate manhattan in a kayak, it can be timed with the tides, but never quite had the nerve to do it alone or group to do it with.
I haven't but that sounds pretty cool. Yeah it's warm but rainy today here but the weekend is supposed to be really nice, 60's and sunny.
Weekend musical interlude <iframe width="420" height="315" src="http://www.youtube.com/embed/pgUNPkDc7yo" frameborder="0" allowfullscreen></iframe> <iframe width="420" height="315" src="http://www.youtube.com/embed/ZZrIdbumFiI" frameborder="0" allowfullscreen></iframe>
If you don't mind me saying so. 1) 5 min is way too short a time frame to look at given your holding periods of days. 2) Last tick was just 16 tick above 90.50 and it was dropping steeply 3) I'll be surprised if your 89.90 bail point isn't hit early next week 4) Not intended as a prediction per se but looks like 89.33 will get tested and 5) we may even see 88.93ish. 6) I thought you despised price action as random and worthless. Or maybe you meant your PA reads are random and worthless. LOL. He was down $47,00 at Friday's LOD. That could have bought a really nice car.
Reading back over this thread I saw many comments about the Crude (CL) trade. There appear to be three other positions open in addition to the CL position. MarketSurfer did not provide prices or position size so I assumed all positions were opened on Monday April 1st. In each case I assumed an entry price of the day's (H-L)/2. I also assumed that each position size was in the $25,000 to $50,000 range and then picked a number of shares that was easy to multiply by. No commissions or margin costs are included or estimated. If all the positions were opened based on Price Drivers then PD's don't look too good. So far - five losers and two winners (open and closed positions). However, the sample is small at this time. Current Positions Herbalife (HLF)-- Short.....Used 4/01 (H-L)/2 = $37.25. 1000 shares 4/1 Short = 37.25 = $37,250 4/12 Close = 37.38 = $37.380 Down $130 Fifth Street Financial (FSC) -- Long...Used 4/01 (H-L)/2 = 11.01 5000 shares FSC went ex-dividend on 4/11/13 $.096 so adjusted cost basis to $10.91 4/1 Long 10.91 = $54,550 4/12 Close 10.76 = $53,800 Down $750 Educational Realty Trust(EDR) -- Long Used 4/01 (H-L)/2 = 10.47 5000 shares 4/01 Long 10.47 = $52,350 4/12 Close 11.00 = $55,000 Up $2,650 Crude Oil May Contract -- Long $94.97 10 Contracts 4/3 Long 94.97 = $947,700 4/12 Close 90.72 = $907,200 Down $40,500 Total Open Positions P/L = Down $38,730 All Closed Positions as of 4/12: 10 CL Loss ($4100) YM $34 binary call option. Loss, but no further info. Jack