/cl - drops to sup. 1 premarket.
/6e touches 1.31
market strong but now giving it back
/tf settling at 820ish.
/zb reverses to green.
bounce again -- /6e - small dt at 1.31
/cl - long tail at support 1: small bounce.
/6e new high 1.3105.
XHB strong. /es may be stronger than ppl suspect. good #s by TOL.
/6e -- another 5min reversal candle at 1.3109 high. Crushing stops.
/cl new lows.
Seems like market is ALL IN one way or the other. /gc also plummets under 1700.
long /cl - puke double bottom - 5 min TL break + small double bottom - entry: looking for 50% FIB retrace of morning drop.
KEY: must be patient with winners to pay for the losers.
/tf chopped - then ran to touch 50% retrace from last 2 days -- on long tail -- and that was the obvious place to short. Choppy action but daily chart extended -- vulnerable to retest of lows.
Market Signals strong though -- will be a battle of shits.
/cl - nailed the bottoming action -- ended up being over 110 tick bounce -- MUST HOLD LONGER with WIDER STOP -- winners must be big to pay for losers.
/tf -- down to 814.60 now covering -- up 20 ticks. High vol. candle -- squeeze back.
/tf - indeed - the double bottom pattern -- leads to slow grind then a pop. Now nearly 35 ticks from entry signal. Like lifting 2x week heavy -- only need 2 entries a day to hit it on /tf or /cl
/tf -- so - from double bottom - rips to 821+ nearly 70 ticks off low -- then fades slowly. These key entries can pay for the entire day.
We're seeing fast moves based on political news/rumors -- don't expect proper topping patterns.
advn-decn -200 but /tf green -- divergent action -- can do anything.
99 ma ribbon up /tf -- this is still a buy dips until a short pattern emerges... grinding on shorts.
shorting the double top on /tf -- stocktwits all bullish -- but I just follow charts. Fuck your opinion. Or mine.
No move AH -- just dip then pop -- all sloppy because Fiscal Cliff is binary event -- entire market trading like a biotech. Have to look for ranges and fade the long tail extreme moves.
Did not execute well but I did limit my losses. Frustrating.