trader273

Update: Not much going on with this trade. Produced another hammer on the multiple support levels. Looking for this to pop. S&P is at resistance and having some problems so that is a good sign for this trade. Here is the chart:

Update on CL long: Took 2/3 of at $84, for a profit of $4.46/ct ( that comes out to $4,460/ct) Still letting 1/3 ride in case this thing really takes off. Current stop on that is just below the $84 level. Heating Oil and Natural gas are all producing good profits as well. Yet people still say candles do not work, I hope I can show people here that simple techniques can and are effective. No need for extravagant indicators, or POS vendors that try to sell there uber-secret, yet uber-amazing system that promises you market dominance for a mere $6k. Common sense should prevail, but it is usually the greed that prevails, till reality sets in. Oh well, hope this is helping someone out there.

Time to short silver. Short at 13.863 Looking for 13.600 then 13.200, if it gets there will re-evaluate

Can you post a chart of what you are looking at?

First Profit objective was around the $84. That is where the majority of the contracts came off, now I have a trail stop to try and catch a bigger move. I'm not looking for a short at all at these levels. Ill consider a short if price retraces these highs in the next coming days and then goes back to that level (resistance now). My hope is that price will come back to around the $79 level for another buy. But, now holding a only about 1/3 cts long with a stop around just below $84.

That's a pretty loaded question. I don't think its actual possible to predict trending vs ranging trading days. If someone knows how to do that, I really doubt they are going to share that information. My advice is to have a system that allows you the versatility of range and trend trading.

Multicharts has this ability as well.

Im willing to find out which way. The risk/reward is in my favor. I just need to let it play out. My 1st crude long was a great entry but I got nervous after a couple of days and a red spinning top so I moved my stop and then got stopped out for a modest gain. Luckily it came back to the support area so I bought again and that trade worked like a charm. Hopefully this trade will do the same.

Buy working tremendously well. Here is a 15-minute chart:

Here is a daily chart of the 10 year note. Nice hammer/spinning top at support line, I see it as a good buy. Here is the chart:

Ok, just want to make sure someone is. Otherwise, whats the point.

Update: Went to the resistance level exactly. Looking to see if it will break, if not I'm going to look for a short. Taking partial profits at these levels though.

Here is my take on your BHI trade.

Support level held up, produced another buy.

Count me in. That was basically what Im doing over in the candlestick corner on energies (crude oil, nat gas, heating oil). Love to get a forum together and have everyone throw in their ideas.

Found these files one day. Not exactly if it is helpful or not, but nonetheless its what I got. Ichimoku.rar

Result:

Was it really necessary to mention this POS vendor??

And here is natural gas before and after. Its amazing people say candle do not work. Maybe its the operator and not the candles:cool:

Here is the heating oil chart before and after.

Nice little run-up on oil today. Probably go to a lower time-frame to find a new stop. But nonetheless, here is a picture with updates.

I would say to take a good portion off at the profit objective zone, maybe something like 2/3, and let 1/3 run. But if you look at the other trades, by the time a reversal came you gave back a lot of profit. So I'd be more comfortable taking most, if not all, at the profit objective zone. I guess it depends on what each trader is most comfortable with. Also, entering on a daily chart is more of an aggressive move. Waiting for the weekly would have been the most prudent thing to do, but aggressiveness is not always a bad thing. I'll post a chart after the close to see where this trade is at. As of 12:27 CL is currently trading at 80.51, which represents a 23cent profit ( $230/ct). From a quick look, it appears price came down to the major support level and go rejected yet again. So it looks like this level is holding up.

No playback through MC. You can do paint bars in it though. Only paints bars on a bar chart not a candle chart though.

Ok, time to put these theories to the test. Had a nice move back to the major support area and formed a nice hammer. Enclosed is my trade.

Keeping with the energy theme, here is the natural gas daily chart: