trader273

OK, done with this thread. There is more than enough information here if you want to use, if not go buy some BS vendor like TZ.

Not to shabby

Moving the stop on the remaining to just below 87. Entered at:79.54, so if this gets trailed out I'll make $7,460/ct

OK, I was watching that support level, and got a nice green spinning top right on it, so that means I flipped to the long side. I exited the remaining shorts at: 13.747 for a profit of $580/ct. So, now I am long at 13.747, looking for a move up to 14.111 Chart:

Nice overnight move up here. Profit one was taken out pretty easily, 2/3 cts out. Entered: 108 21.0 Exit1: 109 26.5 Profit: 56 ticks (15.62*56 = $874.72/ct) Not a bad move, just had to give it a little time. Let's see if we can catch a bigger move up to up around 111. Chart:

Came across AIM pro. It has desktop sharing. Not exactly sure how it works but its free and probably worth a look: http://aimpro.premiumservices.aol.com/

I think not many people used it since it required the user to install a program on their machine. The java-based chatroom that is on this site currently doesnt require any sort of downloads.

I think some people tried to use http://www.tradingrooms.com/ There you can post charts in real-time. It requires a download by the user and I think that put some people off. As far as I can tell it is free to set up a public chat room, but not entirely sure. The only other programs I know of is hotcomm and omnovia, all which are not free, so this might be a viable solution.

Not much happened today for this trade. Other than some BS move up in the overnight hours on pathetic volume. Luckily, sellers ( like me ) came back in and sold it down. I'm watching the 13.60 like a hawk. We need to break down below it for this short to get really working. If it pauses at that level and I get a buy signal I will flip to the long side. Thinking that, I have decided to take 1/3 of the contracts off at 13.688. Entered: 13.863 Exit 1/3: 13.688 Profit: .175 (175*$5 = $875/ct) Not a bad trade so far. Chart:

Moving the stop on the remaining 1/3. Moving it to 84.89, Just below the psychological level and round number of 85. Didn't like how today's candle ended. Long-Legged Doji, aka "Rickshaw Man". Shows the market is finding some sort of balance. I don't like balanced markets. Expecting a sell off coming, hopefully to the 82.50 level and I'll look for another buy. Till then we shall see what comes of the remaining 1/3 I got long still.

I've been posting real-time trades in the candlestick corner. Of course these are swing-type plays.

Have to willing to let it work. Nice down move in the indexes, which usually correlates to an up move in the notes. Looks like it wants to challenge that resistance level around 190 24.0. We'll see how the rest of the day plays out and take it from there.

Finally some nice movement in this trade: Enter: 108 21.0 Current: 109 09.0 (as of 12:11 est) Result: In profit by 40 ticks (15.62/tick) = $624.80/ct Keep on telling me that candles don't work. Its amazing that when people can not get something to work it could never be their fault, oh no, it's always whatever tool they are using. Between this trade, crude oil, silver, and nat gas, I am showing that candles, when used correctly ( I guess that's the catch), work tremendously on daily, weekly, monthly charts. Here's the chart of this trade:

:dito anything in particular?

I see some support levels that need to be busted through. (chart is a couple post up) Looks like if it can get through 13.10 it has the possibility to go to the 12.10 mark. I don't have a bias either way though. If it comes to those support levels and I get a buy signal I'm going to buy it, likewise if it breaks support and then retraces back up and I get a sell, I'll sell it.

Update: A little bullish movement today. Going to be watching the 108 31.5 level ( market minor resistance on the chart). Looked like it was making a charge up to that level, but didn't quite make it. Enter: 108 21.0 Current: 108 27.5 Profit: 6.5 points (101.40/ct) Not the greatest, but still bullish. Chart:

Update: Currently Short at: 13.863 Current Price: 13.669 Current Profit: $960/contract Nice looking intra-day 15 minute chart: (if you are short

I was going to say that is a helluva long time to be holding some crude oil contracts.

I was watching the 78-79 area as a support level, and it held nicely. What prompted you to buy 2 months ago?

yeah, these aren't for the faint of heart. But Natural Gas, Heating Oil, and Crude oil are the ones moving now, so gotta play what is moving.

Looks like PNRA is finding some sort of support on the window. Looking at the chart, the window is not very big at all, but nonetheless, it is still valid. At least IMHO, it is valid till we get a close below it. If this day finishes out a bullish engulfing I would argue that this is a good time to go long. Here is the chart:

Here is an intra-day update on the CL long.

Tin, I tried every way out there to get volume to work for me. Just couldnt find anything that suited me.

Just use candles with basic SR levels. I found volume not to be helping in my analysis, ( believe me I tried to get it to work!)

Short already starting to work. Currently up $875/ct. Chart: