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CL Crude-nalysis


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CL Crude-nalysis

  #121 (permalink)
 
BTR411's Avatar
 BTR411 
NY, NY/USA
 
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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  #122 (permalink)
 
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 PandaWarrior 
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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....



Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
  #123 (permalink)
 indextrader7 
Birmingham, AL
 
Posts: 1,065 since Apr 2012



PandaWarrior View Post



Interesting to see the difference in your data, and my back-adjusted data:


  #124 (permalink)
 
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 Scalpingtrader 
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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.

  #125 (permalink)
 indextrader7 
Birmingham, AL
 
Posts: 1,065 since Apr 2012


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.

  #126 (permalink)
 
Scalpingtrader's Avatar
 Scalpingtrader 
Hanover, Germany
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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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 PandaWarrior 
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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.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
  #128 (permalink)
 indextrader7 
Birmingham, AL
 
Posts: 1,065 since Apr 2012

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.

  #129 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
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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)
 
rmejia's Avatar
 rmejia 
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Interesting, thinkorswim data looks a bit different... now I can't trust it



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