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CL Crude-nalysis
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CL Crude-nalysis

  #121 (permalink)
Elite Member
NY, NY/USA
 
Futures Experience: Advanced
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Wrapping up for the day here...the rest is on autopilot.

Shorted the upside retraces near last week's VAL.

15min chart setup with a hidden divergence showing downside strength (new momentum low, but not a new low in price) and momentum hook off the inside bar.

1 min chart diverged at the turns with the LOD near last week's low. 15min diverged along with the 1min on the final short exit at the 500 level.


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If you can keep your wits about you while all others are losing theirs, and blaming you....The world will be yours and everything in it, what's more, you'll be a man, my son. - Kipling
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  #122 (permalink)
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This is a weekly chart going back 5 years

Thought I'd throw this up for conversations sake. Short term trend is down, longer term trend is sideways. A possible break out to the short side is within reason as is a nice bounce from here back into the range.....

As always, trade at your own risk....


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  #123 (permalink)
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Interesting to see the difference in your data, and my back-adjusted data:

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  #124 (permalink)
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indextrader7 View Post
Interesting to see the difference in your data, and my back-adjusted data:

I can see no major difference.. You just zoomed in further so that the starting point of our Panda's upper trendline is not visible anymore, thus started yours a high later...

Correct me if I am not seeing sth.


Last edited by Scalpingtrader; September 9th, 2014 at 05:34 PM.
 
  #125 (permalink)
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Scalpingtrader View Post
I can see no major difference.. You just zoomed in further so that the starting point of our Panda's upper trendline is not visible anymore, thus started yours a high later...

Correct me if I am not seeing sth.

Look at the lower trendline that starts from June 2012 lows. Panda shows price sitting at an inflection point on that trendline, and my data shows us yet to reach that trendline.

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  #126 (permalink)
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indextrader7 View Post
Look at the lower trendline that starts from June 2012 lows. Panda shows price sitting at an inflection point on that trendline, and my data shows us yet to reach that trendline.


the devil's in the details... thx for pointing me there!

 
  #127 (permalink)
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indextrader7 View Post
Look at the lower trendline that starts from June 2012 lows. Panda shows price sitting at an inflection point on that trendline, and my data shows us yet to reach that trendline.

My data is not back adjusted. I don't use it because I don't use it in my trading.....I just look at the weekly once in a while to get a general sense of direction.

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  #128 (permalink)
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Regarding back-adjusted VS non-back-adjusted data:

1. Which do we think the masses are using?

2. Which do we think the big money is using?


I would SPECULATE that masses are using non-back-adjusted as it's easier to come by, and big money is using back-adjusted. I am going to start asking around. I wish I knew more big time traders. I know ONE and he is kinda shady.

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  #129 (permalink)
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indextrader7 View Post
Regarding back-adjusted VS non-back-adjusted data:

1. Which do we think the masses are using?

2. Which do we think the big money is using?


I would SPECULATE that masses are using non-back-adjusted as it's easier to come by, and big money is using back-adjusted. I am going to start asking around. I wish I knew more big time traders. I know ONE and he is kinda shady.


I concur.....with all of it....lol

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #130 (permalink)
1.Fibs 2.??? 3.Profit
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Interesting, thinkorswim data looks a bit different... now I can't trust it

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