Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
This has been a slow move down but the market has respected the previous TPO's high (one time framing) so far. Still looking for the gap fill which lines up at around the 2nd IB extension.
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
OK, market finally hit my target/gap fill. Didn't want to see the market trade/separate away above from VWAP. Pretty low volatility day again here. CL Vix continues to drift lower as well.
"If we don't loosen up some money, this sucker is going down." -GW Bush, 2008
“Lack of proof that something is true does not prove that it is not true - when you want to believe.” -Humpty Dumpty, 2014
“The greatest shortcoming of the human race is our inability to understand the exponential function.” Prof. Albert Bartlett
That article I am sorry to say, like most others on ZH is BS, plain and simple. I don't know who the writer (Econ matters) is but clearly he has never gone past the superficial in his research of the O&G exploration, extraction and production business.
I say that because I spent 15years in that industry in exploration, appraisal and development wells as a drilling and production engineer (in about 16 countries - from the frozen north in Yukon to the Cooper basin in Australia and a good portion in between), I still maintain contact with folks actively working in the sector.
A rudimentary search will tell you that his un-sophisticated attempts to pander to the conspiracy types that frequent ZH are in direct contradiction to his own agenda that he pushed in this presentation a while back where listed factors that would keep oil at higher prices (QE3, historical CL correlation with risk assets et al). Look to the end of this presentation.
I urge you to go through the past nonsense this "team" has printed. Here is the list - this is the sort of trivial garbage that passes off as research these days.
I believe he even uses this chart somewhere to suggest that oil is somewhat cor-related to risk assets, if you go by that reasoning oil should be higher not lower.
Im thinking of getting the Kinetick feed for some time now
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
Didn't really get to my level after the open. Now we are gunning for the NVPOC and other levels on the downside. Looks like a down day, but I will wait for price to tell me the story.
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
We got a gap down/open out of balance with initiative selling/opening drive lower. Pretty quick drop lower so I waited for a pullback to the RTH VWAP. We're having a hard time with the ON low here. See how it goes.
not in the zone had banta with the g.f this morning and seems im not in the right frame of mind to trade
Calling it a day today
Happy trading to you all
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
