CL futures 7.05 am short 94.36 stop loss 94.51. Top of trading box. If it stops me out, no harm and if it fails, potential profit are worth the trade.
Hi Maverick74, I am kind of pissed off at MF help desk. I asked them couple of times about 12 day cumulative number line as noted on their daily sheet along with 30 days cumulative number line. Every time they said, they do not pay attention to it. Maybe they did not understand my question. Any way, I just looked at 12 days number line here are numbers from 12/07 through 12/15 7,1,0,0,0,0,-4. For 30 days 20,20,19,16,15,11,11. So looks like 12 days cumulative number gives whats happening now vs longer term trade kinda like 8 ema vs 20 sma.
Even though ideal target is 93.70. I covered short @94.12 @ 8.06 am ahead of 8.30 news plus today is a Quadruple witching day.
Ya lets see if Lou can give some help here. I can't seem to figure out what a "shrinking pivot" or a "narrow pivot" is! I originally thought a shrinking pivot was a pivot smaller than the prior day. However, not every pivot that fits that definition is labeled as such. The "narrow pivot" I can't seem to find out what that even means. Seems like most of this stuff is proprietary .
ya Gld failed at its A-up...even with how beat up its been it cant sustain a bid! I was long some FDX...out as the market is not really holding in here.
I got burnt yesterday and I'm not taking any positions today but will watch closely, past action makes me think we are poised to see some clean moves the next one. I like the VIX here.