james_gsx

It really depends on the market and how it's acting. For example last summer it was really easy to use the 8 and 21 EMA for the YM. I could simply (I stole this from John Carter) buy on pullbacks to the 8 EMA. CL you could do with pullbacks to the 8 and 21. But now they almost seem irrelevant since both the YM and CL seem to range more than trend. The 50 and 100 EMA were plotted for the YM and ES, but since I use the same chart for all daily time frames it shows up on the CL chart as well. They work well for support and resistance levels as you can see on the ES. For the CL I guess you could say they are just there as they haven't been needed lately. Although the 50 did provide great support. But on a normal trending market, yes I would use them. Just like any "indicator" though, they are more of a guide.

We had our first paltalk chat a few weeks ago and it was definitely successful. Unfortunately I dropped the ball and failed to follow up. I talked to HLM and a few others and we decided a new thread should be made to make it easier for everyone to know what is going on. From what I understand Friday may not be the best day as everyone wants to relax. That's fine with me, so I'd like to setup a time when we can meet on a regular basis and have a discussion. We first discussed accountability and tossed around a few good ideas. Obviously as time goes on, we can change the subject depending on the needs of the participants. So what day works well for everyone? And should we continue to use paltalk?

I agree 100% I definitely think we'll test $108 if not $105-$106. I think retracing back to $100 would be unlikely, but I wouldn't be surprised considering how volatile CL is. I am glad we are involving heating oil and natural gas. Is there any way to pull up charts for gasoline? Anyway, heres my take...

Yeah, I thought I would give it a shot today and ran for 1 mile. I got a knee brace which actually helped a lot. But now I seriously have a hard time walking. So I'm done running for a while. Could I start biking to help get my body in shape? And after a run I stretch (obviously) for a long time and my muscles feel great. I then take a hot shower and then I have been icing my knees too.

I didn't run this morning, my knee hurt too much and I don't want to push it if I do in fact have tendinitis. I'll try to give it a shot tonight and see how that goes.

Broke 1360 with strong volume and a WRB.

My friend thinks I might have a slight case of tendenitis. The flat part that connects my knee cap to my shin hurt like hell the other day after I ran slightly harder than I should have. I was able to rest the last two days, and I'm going to try another run tomorrow and see how it goes. Are there any stretches I can do for that? I am fairly certain this was one of the injuries that plagued me during soccer.

ANOTHER doji/spinningtop/hammer/boring day! So instead of staring at these, I broke down the 5 and 15 min charts. Something interesting came up. We had a nice rally on both the 5 and 15, and that trend has broken. Notice volume on the 15 min chart, it decreased as price went up and increased as price went down. Then when that trend broke, volume really increased. Maybe someone with some VSA knowledge can chime in, or else I'll just assume sellers bullied the buyers in the CME playground.

I think brownsfan wants some thankers! At the end of the day, do what works for you. I am very visual, so candles work great for me. The toughest part is the simple fact they are discretionary. This has lead to many mistakes on my part, but after review I realize what I did wrong. It's a simple learning curve and it's different for everyone. Some may never understand candles, and some may ignore them because they believe they don't work - yet someday find out it's that little niche they have been searching for. I have tried VSA, but never really understood it. Could just be me. I have tried MP, but I've never really had the time to dedicate myself to educate myself. But to be completely honest, I enjoy the exclusivity the candlestick corner has to offer I wouldn't want an enormous thread just to explain how they work. I prefer having traders with plenty of experience coming in and adding their input to something that I have dedicated a lot of time to learning and understanding. It's something that I'm yet to see duplicated on any other general trading forum. As far as making real money over here. Just look through the various threads, the money is there

Volume picking up to the short side, I think we'll test 1360 soon and see how that holds.

Nice bounce off support on the 15min, and if we were to close the final candle right now it could be a spinning top. If we break resistance we could have a nice double bottom. CL is a volatile contract, so a move like this wouldn't surprise me. It also wouldn't surprise me if it didn't happen

I took some profit off the table today, I have a small piece remaining to see if we hit $110. If we close above $110 I will most likely add onto my position with longer term calls as we will have a successful double bottom.

I find that plotting intraday support and resistance lines before the day actually helps me quite a bit. Even if I miss the day, when I come home and see how well they worked I am usually surprised. If anything, they can yield nice scalping trades. The other nice thing you have on your chart is a hanging man right at resistance on the daily. This indicates that selling took place in the trend (up) and could have resulted in a nice scalp at least to the low of the candle or however your risk/reward plan is setup. But there are at least two great trades in that one small chart.

A$$h0l3 :o I just don't know what the implications are to a declining US Treasury bond. I am no broker

I was just going through some charts and came across this. It looks like an ascending head and shoulders pattern with some sort of wedge forming right now. Now no one might know the answer to this - but if that trend line broke what would the fundamental implications be?

Thanks man. This helps a lot. I'll figure out a way to time my runs. Wednesday I will go on a 3.5 mile run that includes a nice "steep" hill. I'll have to find some sort of watch to pace/time myself.

The charts look bearish, but I do think it could go either way. Waiting for that confirmation is crucial in times like this. You could get lucky - but try it again in the future to guess which way it will go and you'll most likely give all your money back. Notice the gravestone doji on the ES. I also threw in the 15min chart. Notice how we opened and had a steady decline in volume, then as we sold off volume actually picked up.

Well I only weigh 160-165, so I'm okay there. Today for lunch I had soup and a salad, and actually felt great. I've never been a fan of cream based salad dressings. For your smoothies, do you get those fruits pre-cut or do you cut them up yourself before you make it? It actually sounds quite good. And one more thing, any good websites you can direct me too for dumbbell exercises?

So, what's everyones thoughts going into this week? I have a "feeling" we will break resistance at 1400 and have a nice rally. But obviously, that doesn't work. We have 3 dojis against some major resistance and the 100 EMA. It's basically the same for all indexes, so I will only show the ES. We also have declining volume during the rally. Overall, I would imagine this looks bearish. But I could also be looking at this from a bearish bias. Thoughts?

:rofl::rofl::rofl::rofl:

Well I do have a few things going for me 1 - I have always been a GOOD athlete. I played at the Gothia Cup in Sweden if that counts for anything But I did get injured, I have long ligaments in my legs and they are prone to injury if I don't stretch well. But hey, I have good footwork 2 - I've done three runs, and I can already run 2 - 3 miles without much of a problem. I haven't ran in a few years, so I would imagine this is a good sign. I like the idea of using a treadmill and technology. My biggest challenge I think will be finding the weights to lift and changing any part of my diet. I am stubborn, and I eat a lot. I already have a training plan for a 10k run, and so far I've stuck to it.

I changed the goal to 45-50 minutes, that brings it up to about a 7 minute mile which is more manageable for me IMO. Johnnycakes - the alcohol isn't a problem since I don't drink. But quitting the soda will be tough. I have started to drink bottled water instead of Pepsi, but I won't lie I'm addicted to Pepsi. I get a craving in the back of my mouth and I act strange until I get one. But so far I have been able to limit my intake to about 1 or 2 cans a day instead of 5-6. Should I just sign up for a gym like 24 hour fitness so I can exercise? Or would a home gym be a good option? The diet is basically shit. I eat a TON of pasta and way too many fatty foods. I bought a ton of healthy foods the other day and have been eating that. The biggest problem is when I'm at lunch during work, there aren't many healthy places around to eat. Unless I pack a lunch everyday, even then I'm not sure what to pack.

James in to save the day for all newbies!!! click :rofl::haha: Now will a mod please delete this thread before my holy grail gets out to all? I don't need 5,000,000,000 nutswingers sending me messages everyday Also, if you all could send me some thanks that would be great.

160 miles? I'll drive 160 miles... per hour I want to start biking though, I have a bike with flat tires in my garage LOL Today was my day off from running. Yesterday I ran another 2 miles and my calfs were hurting during the run, but my ankles felt fine. The more I run, and the better I stretch after the run, the better I feel. It's just something I have to get used to though.

I have seen a few charts of "collapsed candles" but never really understood them. As a newbie I would look at each specific candle on their own and trade off that - I failed big time. Now that's obviously starting to change as I learn how to look at the big picture. There was a nice dark cloud cover on the 5min today at resistance. Turned out to be an 8pt trade if you took it too. Back to oil.... On the daily it looks like a descending triangle is forming. Not sure which way it will breakout. And for the weekly, I'm not sure how to read that candle. Strong volume, so would that mean price fell and buyers came in to bid it back up?