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Catching Big Waves - a trader's journal of surfing the the markets
Updated May 23, 2014
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Catching Big Waves - a trader's journal of surfing the the markets
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#2371 (permalink )
Chicago, IL
Experience: Advanced
Posts: 430 since Oct 2009
Thanks: 267 given,
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All longer-term charts (volume/tick and shorter fixed-interval timed bars) are DOWN!
Will we get a nice pullback to short or ???
Final 5 minutes.
peace
hedvig
Can you help answer these questions from other members on futures io?
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#2372 (permalink )
Chicago, IL
Experience: Advanced
Posts: 430 since Oct 2009
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Seems like 3 days per week p.m. session of CL is a 'fade ' market and the other 2 are 'hard trend.'
1:30pm to 2:30pm est session is what I am referring to.
peace
hedvig
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#2373 (permalink )
Chicago, IL
Experience: Advanced
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Looking for a final push lower to .73 area to finish up the day.
peace
hedvig
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#2374 (permalink )
Chicago, IL
Experience: Advanced
Posts: 430 since Oct 2009
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CL needs to stretch her legs to the low--or within 3ticks.
I'll work this for about 5 minutes after pit close.
peace
hedvig
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#2375 (permalink )
Chicago, IL
Experience: Advanced
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Very good (target hit); CL sometimes listen to reason!
Hope everyone had a 'rule-based' day.
peace
hedvig
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#2376 (permalink )
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
GaryD
The buy in CL is still interesting to me, but this is not normal
price action , cannot really say why I think that either, which troubles me some.
But, my read this morning on a picture-perfect volume bar buy signal that failed says senses were on target, and they are telling me to back off and watch. I will most likely not make goal today, but this is a different game.
Different game.
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#2377 (permalink )
Chicago, IL
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Interesting day, eh Gary?
You kept it tight in CL for your trading approach and plan.
Indices (TF I assume) are still slow; 'anticipating' but NOT predicting a 2nd day of consolidation to upward price action in the final 60-75 minutes of the NYSE .
You are trading some ES & TF, right?
peace
hedvig
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#2378 (permalink )
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
I wasn't touching this. Not something I understand. Started to buy for a quick scalp , changed my mind in about 3 seconds, gave back 3 ticks. Net 32 + and happy to have it today.
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#2379 (permalink )
Chicago, IL
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Put that damned penny in that piggy!
Good work today.
peace
hedvig
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#2380 (permalink )
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
researcher247
Interesting day, eh Gary?
You kept it tight in CL for your trading approach and plan.
Indices (TF I assume) are still slow; 'anticipating' but NOT predicting a 2nd day of consolidation to upward
price action in the final 60-75 minutes of the
NYSE .
You are trading some ES & TF, right?
peace
hedvig
I am trading about 5% TF right now, trying to get my head around it. I keep a 4-range running in the lower left corner of my CL screens, just to watch it constantly to learn how it moves, but still not solid on my settings for that yet, so trade it lightly. My "big" trade today was a short in TF, and I left a lot on the table, but today's price action spooked me some. Still can't say why.
I will not trade ES, but watch it as a confirming market. Today what tipped me off about not going long CL at the news was the fact that ES was bursting higher, but CL was really struggling. Don't know if you caught my comment at the time, that CL looked like it was biding time, wanting to go lower, but had to wait for it's partner to comes to it's senses.
TF moves like I think it should, ES moves like they are taking candy from a baby, and I am often the baby. A lot of brutal price pushes that I can handle in CL for some reason, but not in ES. When I watch TF and ES side by side, TF most often holds pivots that ES washes out.
Last Updated on May 23, 2014
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