6:42 - /cl takes out major resistance area -- attempting a short at 97.3 - stopped out once for 10t already --this time waited for TL break with 5 min chart after two longtailed candles -- need to see some kind of exhaustion pattern before a short can hold.
Nikkei up almost 2%
/es and tf muted and /gc is weak --- /cl may retrace.
I think the best way to buy /cl is breakouts out of multi-hour pennants/flags -- /cl plays by a different set of rules -- sometimes it can trend for days --- there's just no fading sup/resistance with confidence.
With stocks - keeping my universe to those over $15, with high volume, and elminating names with volatile, jerky charts (GNC, etc.) -- helps me spend less time by auto-eliminating many stocks -- and only gravitating toward the fastest movers.
/cl -- -21 ticks total trying to short... waste of time. There's no resistance.
/tf -- up to 913 - new highs comign? resistance (for now)
/cl - 97.80 touch -- POWERing.
/tf -- entry should have been at b/o of wedge.
/tf - new highs - 4th test -- so possibly can keep going...
If you are a serious trader you should not be using the words "fun" "boring" or "easy". - Random thought.
/cl - bottomed at 8:30 am ystdy. If this tops out at 8:30 today -- it'd be ... less than surprising. Good observation someone on my screens noted.
INVN - looks poised.
KORS, CP, ASGN, DECK -- strongish.
so - gapping up to new highs at the open -- shorts either getting a perfect entry here or gonna get skewered in a trend up day or half day.
/tf - retraces off highs... good entry - responsively shorting in that hit.
/cl - highest vol. candle is big and RED.
/cl - rebounding now ... consolidating phase.
much like bodybuilding -- less is more. If you overtrain, overtrade, you make less muscle/profit. You pick your spots -- hit it hard,,, then do NOTHING -- you make the most gains. You can't make more money in a swing trade by micromanaging it... anything else you do.. taking partials... etc. diminishes returns.
I keep deleteing the 'intellectuals' from my Twitter stream. They don't help me learn. The tweets on price action -- brainless chart reading/observations -- are the most helpful.
/tf 914.4 -- boom - -ppl getting tricked on the squiggles -- big picture is way too strong
XHB, XLF, TAN, and GDX -- strong.
UD - strengthing
XHB - fresh b/o - could swing higher -- leading.
/tf - there is resistance here now... so shorting is a very poor game until we know what's what.
/tf -- 916 -- told you.
XHB 2.4% -- man - LISTEN -- this is not shortable. It's OBVIOUS at least that shorting is wrong.
test of high ( now support)
internals support push.
AD 630 - supporting new highs...
UD - nhod.
AD 700 e
/cl -- BREAK of wedge - bearish. 11:25 -- this is the entry to take.
/cl backtesting the wedge break.... willl it really fail?
/cl -- grinding back up - longest backtest ever.
/tf - triple top -- grinding --
Internals too strong to drop.
fake drop... /tf
AD 750 nhod.
/tf not rising yet...
/tf -- this sounds crazy but we could see 920 today -- 12:34
/cl - double top and TL break on PUKE candle -- holding SCO for swing.
TOPS REQUIRE TIME...
UVOL_DVOL nhod --
We can rip into close.
1) Daily Chart in uptrend
2) Market Signals strong
3) therefore: we should be looking LONG on dips only.
/zb - double bottom turning up at 3:04
There's no way you could have called the top in tf, right? Oh wait, yes you could.
TL -- patterns are always there.
Uvol-Dvol - nhod -- where's the rip?
AD 784 -- plenty of power.
internals say /tf closes at highs...
338: bear signal
tf - balanced 916ish.
DMND -- 68 fib -- retrace -- bullish over 20 day -- risk 1 point.
UV - nhod -- don't SHORT!!!!
GDX - closing strong.