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COMMON SENSE


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Updated November 27th 2014 by mfbreakout
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COMMON SENSE

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  #61 (permalink)
BOSTON, MA
 
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Charts

I start with daily , then 1-4 hour chart and 5 minutes for execution. Take trades in instruements where there is some change.

Opportunity ONLY comes with change. Till then SCALPS is all one can do especially in this low Volatility envirnoment.

I been stalking Gold, Nat. Gas, Silver, Copper, Soy beans , Wheat for months. No change no trade in these instruements.

For daily grind CL and TF.

massive trades in Soy beans yesterday continuing into Euro session. Nat Gas attempted to break $4 today. Does not look like it will happen today.

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  #62 (permalink)
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PRICKS

Most of the traders here at futures.io (formerly BMT) and other forums do not have a chance.

Why?

Because they are basically moochers.

How do i know?

I have talked with Private Banker, Vince Virgil, Gabrieyele and a dozen who posted in my previous journal-
consenus is the same. None of them want to mainatin a journa due to lack of ideas sharing from moochersl. They decided to become vendor and that's the end of their ideas.

I get lonely so i keep posting.

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  #63 (permalink)
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TF


re short 1157. Cover some 1149. With all the good earning news TF is stuck below ORH- calls for a short.

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  #64 (permalink)
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RB/CL

Slowly getting into trading RB along CL.

90% of the time MACD on my chart is useless. Out of habit left it on charts thinking it may come handy in one of those rare moments - whatever they are.

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Copper

Dr. Copper decided to lay low.

Every instruement is traded the same way- same chart, same context with ATR in mind.

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levels

I was reading another trader post regarding CL and his levels. I have no way of knowing what's his analysis or

levels means. But 2 things stood out.

1) He was talking about weekly/monthly levels.

2) He was apparently pleased as to how CL failed at his weekly level and just tagged his weekly/monthly levels.


It amazes me how traders tend to believe their own levels to a point that they really believe that their levels are
magnets and precise to a tick.

Then they turn around and use a stop loss of 10 ticks etc.. believing that their levels are so precise that it either works or does not.


I have interacted with traders like these and it's not for me. This is what makes the market.

In the mean time i shorted right at so called support around 101.80. I have no way of knowing whether 101 level will be held or not but after 50 minutes of consolidation, i know it's time to cover.

No longs as CL ripped back to 102.10 area. Will see if longs make sense around 101.70 area on pullbacks.

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CL move

New sanctions against Russia from Europen Block put a bid under CL. Not good for equities. I buy this more than a move based off some pattern.

News is not confirmed but traders react first and ask questions later.

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mfbreakout View Post
New sanctions against Russia from Europen Block put a bid under CL. Not good for equities. I buy this more than a move based off some pattern.

News is not confirmed but traders react first and ask questions later.

Where did you see this? I was watching bloomberg but didnt see it there....

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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News


PandaWarrior View Post
Where did you see this? I was watching bloomberg but didnt see it there....


CNBC. After the move, i turned on CNBC.

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Hum


" No longs as CL ripped back to 102.10 area. Will see if longs make sense around 101.70 area on pullbacks."


Long 101.64. Out some 102.01.

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November 27, 2014


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