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COMMON SENSE


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COMMON SENSE

  #1191 (permalink)
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mfbreakout View Post
Well CL did not break 74 area despite my best hopes (lol). Turned out to be a scratch type of day for me- so far unless short into close get somewhere. Planning to hold during Globex. Short 75.80 area.

Did went long 75.50 area . Was hoping to get an exhausation bar to 76.50 area to short right in CL face but no go. Exhausation bar shorts gives quick 40-60 ticks and then slow down move. This short without exhausation bar will be a slow dreadful back and forth move.


CL at 76.50 area. Only surprise is that CL did not hit that area during RTH when i was long. Short.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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  #1192 (permalink)
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mfbreakout View Post
CL at 76.50 area. Only surprise is that CL did not hit that area during RTH when i was long. Short.

Cover some 76.10 and planning to add to shorts if CL bounces higher. Ideal target 75 area. First target 75.50 area.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.

Last edited by mfbreakout; November 21st, 2014 at 05:14 AM.
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  #1193 (permalink)
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mfbreakout View Post
re short 4.480 area.

Cover some 4.379 area.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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  #1194 (permalink)
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Cover some 76.10 and planning to add to shorts if CL bounces higher. Ideal target 75 area. First target 75.50 area.

Damn CL reversed from 75.50 area at the speed of light. I had to cover short at the market and go long. As usual all kinds of conflicting news as to why part of the equation. CL move from 75.50 to 76.70 very orderly, subsequent pullback very orderly but this reversal very UNUSUAL to say the least. Longs and Longs till the freight train stops. Any short attempts will require a pretty wide stop loss due to UNUSUAL price action underway in CL.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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Last edited by mfbreakout; November 21st, 2014 at 10:51 AM.
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  #1195 (permalink)
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' European Stocks Jump as Draghi Repeats Inflation Pledge"

Catalyst to short the hell out of Euro. Short.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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  #1196 (permalink)
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mfbreakout View Post
Damn CL reversed from 76.50 area at the speed of light. I had to cover short at the market and go long. As usual all kinds of conflicting news as to why part of the equation. CL move from 75.50 to 76.70 very orderly, subsequent pullback very orderly but this reversal very UNUSUAL to say the least. Longs and Longs till the freight train stops. Any short attempts will require a pretty wide stop loss due to UNUSUAL price action underway in CL.


In situations like these CL can RUN beyond what most of us can comprehend. Out some 77.30. I took some off at 76.30 area thinking to add on pullbacks to 75.60 area. There was none.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.

Last edited by mfbreakout; November 21st, 2014 at 07:05 AM.
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  #1197 (permalink)
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mfbreakout View Post
In situations like these CL can RUN beyond what most of us can comprehend. Out some 77.30. I took some off at 76.30 area thinking to add on pullbacks to 75.60 area. There was none.

All right pretty lady time to pullback some. From this point on ONLY shorts for me. Purpose of covering shorts is to add to shorts into bounces. This does not mean CL can not make new highs and 77.80 is high for the day. $80 is stop loss area for me. Plan to focus on CL, NG and GC for most of the day. To try longs in 77 area BAR is very high for me. I do not anticipate a situation like that coming up today based on probabilities.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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  #1198 (permalink)
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sandptrader View Post
Nice set ups on this size chart today.....i will have a new workstation with more monitors in the coming weeks to help with Trading more markets.

Hi Sandptrader,
Do you have a list of your indicators and a template for your Ninja charts on this thread? I'm trying to build a similar look for some of my charts but have not been successful - any help would be appreciated - thanks!
-SawDr

 
  #1199 (permalink)
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cl trendline

Here's those same trendlines again.


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  #1200 (permalink)
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mfbreakout View Post
All right pretty lady time to pullback some. From this point on ONLY shorts for me. Purpose of covering shorts is to add to shorts into bounces. This does not mean CL can not make new highs and 77.80 is high for the day. $80 is stop loss area for me. Plan to focus on CL, NG and GC for most of the day. To try longs in 77 area BAR is very high for me. I do not anticipate a situation like that coming up today based on probabilities.


Cover most 76.50 area and still hloding shorts. No longs for me till FLUSH down shows up. Picking longs within macro bearsih trend set up BAR is very high. CL can drop another 100 ticks in a NY minute and if she gets stuck in a box- get your scalps from long side and RUN. Serious buying or monetum is tough to hide, for example during Euro session this morning. Till then it's just guessing based upon 2 candles up and one down etc.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.

Last edited by mfbreakout; November 21st, 2014 at 10:25 AM.
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