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I was considering buying /ZLK7. According to MRCI the trade kicks off soon. It currently sits right about the 78 retracement after just toucing it. It is at 100%of the last measured move. Also price is resting on the longer trend line. I won't be able to take the trade since TD never mentioned when moving my capital from my personal to an LLC none of my account upgrades came with it. Any thoughts? How did I do? Hopefully I will have my permissions cleared by the time /PL sets up at the end of the month if that little pop doesn't trigger the start.
MRCI recommend going long CL in June. 13/15 winners. I figured I'd sell short the Aug puts (around 15 delta) instead of going long the futures. More bang for the buck and also more managable if CL doesnt rally. What dou you guys think?
MRCI suggests to buy the October contract. Average profit is approx. $ 2800. Since 2006 there were 4 years with drawdowns of more than $ 3,000. I do not like seasonal trades where max. drawdown is higher than average profit in a couple of years.
I am glad to follow your thread.I started years ago with the grains, then left that to follow the minis.Still struggling with daytrading, but have hopes of one day following the grains again.Any chance you could post charts every now and then?
thanks, Bob
If your request is regarding charts, including support, resistance etc, I have to apologize. I know a lot about fundamentals, but am not a good chartist. But if one of the visitors hear has experience in this field he or she is invited to add some charts.
If your request is regarding seasonal charts, I have to apologize again. These charts are part of a paid subscription of MRCI, and I do not think it is fair to publish their content. As far as I know MRCI and Seasonalgo offer free trial subscriptions.
