I try not to take longs till ADX stop going up and comes down. Example from yesterday. Same thing today. ADX is up and up, i have no interest in trying to pick bottoms. Only exception is when real buying shows up. CL bouncing between 47.60 to 47.90 has NO VALUE for me. ADX needs to settle down or REAL buying needs to show up.

Why?

Long 47.44 . Out some 47.72. Will add to longs on pullbacks. Short NG. Damn $ has put a cap on CL as far as up moves goes. What about down moves.? I have no idea. It's easier to define resistance areas when an instruement is in a macro bearish trend. To pick bottoms in case of CL is not a good idea.

gtrader62 

I have utmost respect for traders seeking to understand price activity to any market. However, I am at odds with indicators of the modern era. If Gann or Babson can....with a pencil and paper turn $130 into $12,000 in 1909.... what is your Market Profile going to do for you in comparison? Either your self-convinced it gives you an edge, or in fact...its a exaggeration for your eyes to relate with. Here is a measure of proof...out of love, someone is taking the time to help me... Wyckoff's post to US Congress and Wall Street....publications sustaining Gann's trade decisions and predictions. Is Gann a fluke or was his perspectives true... as compared to market profile? I can tell you truthfully, he would not use it. Gann had his mind... pencil and paper. Attachment 177879 Have a lovely day.

Market Profile is not a trading method- at least to me. It's a way to look at data just like candles etc. Start a journal per your method and show how use whatever you are using. Anytrader can also post in this journal also. In the end it all comes down to who can put the trade on. The entire world can see that CL, NG and GC have been in a bearish trend for some time. If one can put a trade together with that macro trend in mind- that's all matters.

mfbreakout 

Market Profile is not a trading method- at least to me. It's a way to look at data just like candles etc. Start a journal per your method and show how use whatever you are using. Anytrader can also post in this journal also. In the end it all comes down to who can put the trade on. The entire world can see that CL, NG and GC have been in a bearish trend for some time. If one can put a trade together with that macro trend in mind- that's all matters.

Maybe not a trading system but providing a framework for turning data into actionable insights if used properly.

Nobody wants any risk but want all the glory with the least amount of time. Risk 10 ticks to make 100 ticks in 15 minutes etc.

Identify the macro trend and then short every bounce till trend is clearly reversed.

$143 stocks now available for a special price of .46 cents. Any takers? Stocks are best suited for swing trading. I just watched this stock and others in this sector for 4 years. Have been short BTU for some time. One can learn a lot just by watching. For trading i pray for 2 things;

1) For a bullish trend- a pullback. Example, Russell pull back to 1203 from 1243 over last couple of days.

2) For a bearish trend- a bounce. Example, bounces in CL, NG, GC, KC etc.

The highlights section of IEA monthly report is now available on IEA website

https://www.iea.org/oilmarketreport/omrpublic/

mfbreakout 

Long 47.44 . Out some 47.72. Will add to longs on pullbacks. Short NG. Damn $ has put a cap on CL as far as up moves goes. What about down moves.? I have no idea. It's easier to define resistance areas when an instruement is in a macro bearish trend. To pick bottoms in case of CL is not a good idea.

The way CL consolidated around 47.30 area for 2 hours and then up 130 ticks into the close, i thought 47.30 area will be low for this week. Turned out that 130 ticks up move was a head fake since CL gave up all the so called gains and could not find a bid all day yesterday ( Thursday). I had to bail out after adding to longs into pullback.

Time to figure out next trade. My preference always is to wait for a bounce to reshort. But what about if there is no bounce since the price is week? Shorting into the hole is a tough one. It's tough for me to find a stop loss area. Only solution for shorting in the hole is to use small position size since stop loss is quite wide. Short 47.24 during Asian session. As i open my computer this morning and see CL at 46.62, i am wishing i had shorted 10 cars. Wishing and day dreaming is not helpful. Since i could not afford stop loss required on 10 cars, it was the right decision for me.

Update: Nat. Gas down another 1.23% from yesterday close.

Staying short but it's not easy as we get different signals etc.