Dinerotrader

PH I might look for a long on this tomorrow. Nice bounce of solid support level.

Jon, Could you post a couple screen shots of levels you would consider right now on the 6E? Do you still trade Oil at all?

My best setup of the day was a buy at break up from green line coming of the after hour low.

I sure miss the days of posting here on a daily basis. I am definitely considering getting back to my oil trading if I can spare the time.

Sell setup of the day on oil was at the blue arrow for me. Price touched low of the day level, went up to touch the after hours low and then broke down for a good run.

SVU Got long on this yesterday at 9.40. If it breaks down below ~8.50 i'll be out. I liked the volume support at the test of the major low from 2008.

Haha. Yeah, crude is way better. Someday I'll get back to my crude trading.

I normally don't hold through earnings but FEED has had so many good ones that I might have held through even if I had remembered earnings were coming out.

FEED SOLD Well, I got worked by a bad earnings/new event on FEED. Even if I had had my stop loss move up, the morning gap down was too large too handle. I sold everything at 2.60 so I only made 11% when 2 days ago I was up 42%. There are so many ways to screw up in this game.

I'd be looking for multiple failures to break through resistance, lower lows, trendline break, etc. I was close to getting out of FEED because it has tested the $3 area several times but didn't make any lower lows after testing so I hung in there.

Still holding. My exit strategy is to basically get out when the chart shows some end to the up trend.

FEED Still going strong on this position.

FEED Finally got some bigger movement on this one. My basis 2.33.

I was worried about my position for a few days but today is looking good with some nice volume on the move up.

Today turned out well for the FEED position.

FEED This has been in a big downtrend so I am ready to cut loose if a new low is made.

…..Later the tourist met with the wives of the local fisherman and asked about their life. “Lazy husbands” they said in unison. “They barely work at all each day, they sleep all the time and go out drinking with their friends every night. Because our husbands work so little we have no savings for unexpected costs like health problems, we still live in a rough neighborhood so crime is uncomfortably high around my family, all we eat is fish for most dinners and he never takes me out to nice restaurants, the kids have no money saved for college…. need I go on.” “Your husbands made life sound so good” said the tourist. “Well, what we have would be great if all you wanted out of life was to work very little, sleep all the time, play guitar, go drinking with your friends, and sing songs.” said the wives. “That however, is not really what we want out of life. We want to life in a safer area, eat better food, give our kids a better education, have a large savings for unexpected problems, maybe get our hair done every once in a while. It might be nice to also help out the poor or others who are in need. There is much we want from life that we can’t have because our husbands barely work and sleep all the time.” And the moral of the story is: Life has much better things to offer than sleeping and drinking and your wife probably wants those better things.

I'm working on trying to only take trades that have an extra confirmation. I mostly trade CL reversals so I definitely am watching for divergence type price action and then waiting for something extra to help confirm that chances are high for the turnaround maybe a nice hammer candle or other such signals. Out of the blue, I got a large amount of extra work to supplement my income so I haven't been able to focus on my trading as much lately. Once that dies down, I'll get back at my posting here.

SIM Nice day.

Live trading is still a bit away. I need to see a lot of controlled consistent profitable trading first. Look forward to your postings.

SIM Didn't have too much time to trade today but happy with results.

No inclusion of lunch, coffee, cigs, pot, heroine, etc. Category A would be actually monitoring positions or watching for entry/exits. Don't get too hung up on the details.

SIM Just glad to have survived the downtrend on oil. 1 gold long trade that went well before gold tanked.

Okay I more clearly see what you are seeing. Now the question is how do you get in watching a daily chart. At what point in the (4) area will you buy?

Based on the pattern you see, where is the trade setup in your eyes? If you could show it on the chart that would be great. Thanks.