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Like a turtle to his balcony...


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Like a turtle to his balcony...

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  #1001 (permalink)
Orlando, Florida
 
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Posts: 6,462 since May 2011

But, 88.50 whatever, has enough reason to justify it that there would be a momentum swell out of the gate, if it was right. Probably. Never definitely. Never.

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  #1002 (permalink)
Orlando, Florida
 
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Once we have tasted blood, never goes away either. In a trading psychology sense. That is the gravity that keeps the pull.

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  #1003 (permalink)
Legendary Data Wizard!!!
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GaryD View Post



Approaching prior major low

@GaryD - What indicator are you using to get the levels on your chart?

Robert

nosce te ipsum

You make your own opportunities in life.
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  #1004 (permalink)
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Silver Dragon View Post
@GaryD - What indicator are you using to get the levels on your chart?

Robert

Drawing tools.

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  #1005 (permalink)
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Crude is difficult to tie down into a .30 swath, Sometimes it can be, but it is so swift. Within .50 +/- is more useful,

You know the most interesting thing about defining high timeframe levels, is how rarely we take the full benefit. I would bet on the odds that the majority do.

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  #1006 (permalink)
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My sim trade just generated an unexpected golf clap. Changed every sound in SC. Stops just go, "blip". Targets receive applause. No sound for cancelled, or pending. "Filled" is some great bland male voice with a computer-generated speech impediment.

But the golf clap just came out of nowhere. Forgot about the trade by now. Not in my memory of the space, but the trade. Sim has less meaning to me today, and yet I understand it's purpose. So I am keeping sim trading with live, and what I do in it is trade things where I see I am not paying attention as much. Like taking more swings. Should not even look at the $ win. The sound would be enough to resolve what is needed. Behavior changes with Confirmation.


So, yes, I still trade the majority of my "best" trades in simulation. Maybe tonight I have defined the enemey as perception of time.

And I swear that I personally clck the mouse for whatever happens on my worst. Also somehow related to time. Impatience. Or hesitance.

TPO. TIME price opportunity.


89.13 and counting down

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  #1007 (permalink)
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OK, here's the brief.


Crude has broken a major low tonight (red dotted in in first green zone). It is now entering the range to complete TWO acb corrections, one higher than the other, but both within a range of roughly 88.40 - 88.90.

Crude could break and retrace back up through, and then go after taking your stop. It could miss the high of "support / responsive buyers" by 5-10-25 ticks. It could pull back up $2, and then come back and test. And take you stop then...

But in the broad sense of "where", price is knocking at the door if not already inside.

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  #1008 (permalink)
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GaryD View Post
Now, a real long distance trade, without confirmation, would be 94.50 area down to 88.50.

Or imagine this. Price returns to balance today (neutral at 1xIB), then tomorrow ahead of EIA opens in today's excess area...


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  #1009 (permalink)
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Weekly chart.. Support between 88 and 86.80ish. I think we get there this week.. maybe tonight the way things are going.

My other thought; The market is way over due for a correction across the board. I wonder if this is the start of of the downturn.

Robert


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  #1010 (permalink)
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Considering trading pre-open. 6:22am

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