Unfortunately, it is almost impossible to update the kind of
movements we have seen today in this forum. But, this 30 min chart
/CL Sell set up was the kind that should slap you in the face.
Screaming sell. It was extended from the 5 EMA, above bb's,
divergence, hitting important trendline from below, back testing a
trendline. What else do you need?
CL now has a tentative trendline. Needs to settle down and give
a proper 30 min or 60 min buy signal. My hourly SELL signal is
still in place, however, I have no position. Sitting on hands until
things clear up. If we go down through that new trend line, then
it's, watch out below!
/CL Crude Oil Futures Unfortunately, it
Posted by zenman on 12th of Feb 2015 at 11:02 am
/CL Crude Oil Futures
Unfortunately, it is almost impossible to update the kind of movements we have seen today in this forum. But, this 30 min chart /CL Sell set up was the kind that should slap you in the face. Screaming sell. It was extended from the 5 EMA, above bb's, divergence, hitting important trendline from below, back testing a trendline. What else do you need?
http://screencast.com/t/jKxWMaZ4X
Excellent...I need to have been
Posted by wowten on 12th of Feb 2015 at 11:12 am
Excellent...I need to have been watching crude!!!
CL now has a tentative
Posted by zenman on 12th of Feb 2015 at 11:28 am
CL now has a tentative trendline. Needs to settle down and give a proper 30 min or 60 min buy signal. My hourly SELL signal is still in place, however, I have no position. Sitting on hands until things clear up. If we go down through that new trend line, then it's, watch out below!
http://screencast.com/t/pnjjWYfrygXk
/CL Thoughts
Posted by fcarbone on 12th of Feb 2015 at 01:03 pm
If it test and stays below its previous 5 min high of 51.06, I will short it. It seems to have 3 lower highs at this time.
http://screencast.com/t/nzXFejsbkVv see if it breaks here.
Posted by zenman on 12th of Feb 2015 at 01:10 pm
http://screencast.com/t/nzXFejsbkVv
see if it breaks here. Oh maybe...
My brain wanted to short, but the chart was saying buy. Need to work on the brain part.
Posted by fcarbone on 12th of Feb 2015 at 01:14 pm
no entry yet. Unless you
Posted by zenman on 12th of Feb 2015 at 01:15 pm
no entry yet. Unless you take a stab at the upwards trend line. But, that's aggressive. Better to wait for an entry on your timeframe\
60 MACD for /CL is
Posted by zenman on 12th of Feb 2015 at 01:17 pm
60 MACD for /CL is not above zero line, so a short is now countertrend, btw.
oops, 60 min chart MACD
Posted by zenman on 12th of Feb 2015 at 01:19 pm
oops, 60 min chart MACD IS above zero line, so all is bullish unless we get divergence and room to 5 EMA etc. If it set's up, it sets up.
I will usually short the
Posted by zenman on 12th of Feb 2015 at 01:23 pm
I will usually short the 100 MA the first time it hits. And, I did, btw. I might even try a second time. But never a third.
Hope that worked out for
Posted by zenman on 12th of Feb 2015 at 01:34 pm
Hope that worked out for you fcarbone. I sold one contract at 51.13 and sold at 5 ema 50.93. Countertrend...
http://screencast.com/t/hWHiYYNT
can't think today... I closed
Posted by zenman on 12th of Feb 2015 at 01:37 pm
can't think today... I closed the trade at the 5 EMA. There is still resistance. Let's see how 30 min chart works out.
http://screencast.com/t/BI3AFHN7Rcuo 30 triggered fast
Posted by zenman on 12th of Feb 2015 at 01:42 pm
http://screencast.com/t/BI3AFHN7Rcuo
30 triggered fast
There is no time to
Posted by zenman on 12th of Feb 2015 at 01:44 pm
There is no time to call it here as it happens too fast. The good ones always do.
I am now FLAT at the 20 EMA. So, 51.01 to 50.63 with one contract. Nice!
Notice, from the screen shot,
Posted by zenman on 12th of Feb 2015 at 01:46 pm
Notice, from the screen shot, I had no time to even put a stop in...
yes still short, and I asked /CL to go down for the rest of the day.
Posted by fcarbone on 12th of Feb 2015 at 01:47 pm
Lower your stops according to
Posted by zenman on 12th of Feb 2015 at 01:57 pm
Lower your stops according to your plan. That 60 min chart is looking better and better. The move right now only went down the 5 EMA.
/CL what a Ripper, Thanks for the Heads Up, still took a hit even with stops
Posted by fcarbone on 12th of Feb 2015 at 02:13 pm
Hard to short oil when
Posted by a_l_ on 12th of Feb 2015 at 02:15 pm
Hard to short oil when the dollar is falling - chain reaction from BOJ not dovish enough to yen ripping/dollar falling to oil up.
Actually, hasn't hard at all.
Posted by zenman on 12th of Feb 2015 at 02:20 pm
Actually, hasn't hard at all. This resistance zone has been my erogenous zone all day.
Resistance /CL once again. It
Posted by zenman on 12th of Feb 2015 at 02:34 pm
Resistance /CL once again. It is...until it isn't.
http://screencast.com/t/aGvPDSYt
You are nimble...
Posted by a_l_ on 12th of Feb 2015 at 02:23 pm
You are nimble...
http://screencast.com/t/p5Hm5lOhNne H and S inverse, possibility
Posted by zenman on 12th of Feb 2015 at 02:12 pm
http://screencast.com/t/p5Hm5lOhNne H and S inverse, possibility
Yes I reversed, and may be getting stopped out soon.
Posted by fcarbone on 12th of Feb 2015 at 01:37 pm
Matt's tutorial on trading the future made it look so easy.
/CL Buying here AT 51.00
Posted by fcarbone on 12th of Feb 2015 at 01:23 pm
http://screencast.com/t/Mlz9oFU4
Posted by zenman on 12th of Feb 2015 at 01:13 pm
http://screencast.com/t/Mlz9oFU4