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Crude in 2011
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Crude in 2011

  #191 (permalink)
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We are steadily building value since the pit open above yesterday's vpoc, and since inventories are trading above yesterday's VAH. Value is clearly up. Even though I feel a drop may need to happen to shake out weak longs, so far objectively, IMO, value is building to the upside. Also, trading above VWAP entire day, and well above weekly VWAP. add: further, we are trading above yesterday's pit high, and the settlement.

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  #192 (permalink)
The fun is in the numbers
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Thursday, September 08, 2011
Sold 1 at 89.95 @ 9:58CT

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Last edited by aquarian1; September 8th, 2011 at 07:07 PM. Reason: typo 89.95 not 89.90
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  #193 (permalink)
The fun is in the numbers
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TraderJoe0410 View Post
I'm gonna try the ES too. Post your positions on the ES aquarian, could help

Attachment 48761

Crude oil inventories had a reduction of -4.0M which could help the price of crude above the 90's. The double bottom on the 4H and 1H chart should help the drive up, but for how long?

CL 11-11 is now trading between 89.85 to 90.40.

I have a target @ 90.74

Inventory data could be a head-fake ...

Keep your mind in the future, in the now.
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  #194 (permalink)
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aquarian1 View Post
Inventory data could be a head-fake ...

I noticed, I still don't understand that move down. That was from 90.23 high to low 88.63, a $1.60 move, 100% re-tracement.

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  #195 (permalink)
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TraderJoe0410 View Post
I noticed, I still don't understand that move down. That was from 90.23 high to low 88.63, a $1.60 move, 100% re-tracement.


josh View Post
Even though I feel a drop may need to happen to shake out weak longs, so far objectively, IMO, value is building to the upside.

The quote above is just my opinion--but it really doesn't matter, hey, who knows why these things happen, but the fact is that buyers have dominated all week long. This is a strong market. Today CME will probably report officially 320K contracts or so by the close, and we have a 160 tick range down bar for the day (if it does not surpass the high or low). In Wyckoff's words, 'lots of effort, very little result.' In my book this is very bullish. We settled above 89, and are well above the weekly VWAP. Four times sellers tried to break below the daily pivot and yesterday's vwap (both value), and all four times failed. If I were position trading, I would feel long still until we get down below the 87.00 area.

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  #196 (permalink)
The fun is in the numbers
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Thursday, September 08, 2011

Sold 1 at 89.95 @ 9:58CT

Opening cash balance today $66,900
Change in Cash $0
Closing Cash Balance $66,900

Holdings = short Oct 2011 contracts
1 at 86.36
2 at 87.60
1 at 89.50
1 at 89.95
Avg 5 at 88.202

Close 88.65
Open equity +0.448 * 5,000 =+$2,240
Cash Balance = $66,900
Net equity $69,140

Keep your mind in the future, in the now.
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  #197 (permalink)
The fun is in the numbers
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CL swing trade contest
Thursday, September 08, 2011
Close 88.65

TraderJoe: cash $71,550 + open equity 0 =$71,880
Aquarian: cash $66,900 + open equity +$2,240=$69,140

(closing in on you!!)

-notes----
TraderJoe:$0.33*1,000= $330+ 71,550=$71,880
Aquarian sold 1 89.95

Keep your mind in the future, in the now.
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  #198 (permalink)
The fun is in the numbers
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Friday, September 09, 2011

Order to buy-to-cover 1 Oct at 85.73
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  #199 (permalink)
The fun is in the numbers
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Hi Joe,

I have decided to stop posting.
Sorry to let you down with the contest thing and i hope you find someone else who can pick up the ball for me.

All the best.

Keep your mind in the future, in the now.
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aquarian1 View Post
Hi Joe,

I have decided to stop posting.
Sorry to let you down with the contest thing and i hope you find someone else who can pick up the ball for me.

All the best.

Not a prob ian, I keep the thread alive. I welcome people who will criticize my analysis, neither good or bad. But will definitely learn from their comments. =)

Best of luck to you ian.

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