Niko´s Log

[Niko 10]

CL

 

 

After buyers failed to break above the MP of Jan-Feb TR sellers came in strong to take prices back inside the TC, we are still in an uptrend and the MP of the last upswing still holds.

 

Buy: Upside REV at S with a shoestring stop.

Short: No

 

NQ

 

 

After a strong REV from R at 820 prices found S at 780. As prices are still within the TC the trend remains up but buying pressure has been fading for the last 3 months, so cautious bullishness is the way to go.

 

Buy: REV at S with stop at PDL.

Short: No

[Niko 10]

CL

 

 

After a strong downmove yesterday prices finally found S at march 19 high, that coincided with an older TR Bottom. We are currently within a congestion that can either break above or below, so we will have to wait and see.

 

Things to do:

 

Short a BO to the downside or go long at a REV to the upside.

 

NQ

 

 

Yesterday was a decisive day for the trend as several things happened: 1) a LH, 2) piercing of DL and 3)Break of the major LSL. Now we are at the MP of the last downswing and yest MP where we will have to watch for R.

 

Things to do

 

Short a REV at the yest MP

Go long at a RET after the break of the 50% level.

[Niko 10]

CL

 

[Niko 10]

Going deep into backtesting mode, so won´t be posting here for some weeks. Will be available in the TL chat during market hours.

[Niko 10]

Some observations around Daily CL...

 

[Niko 10]

Daily CL, Still in an uptrend but finding trouble around the hinge SL.

 

[Niko 10]

After getting into overbought territory looks like an inside day or intraday chop.

 

[Niko 10]

Today´s action. The dots and the squares are trades I should have taken but didn´t

 

[Niko 10]

Daily CL Notes

 

[Niko 10]

Today´s trading. Circles and squares trades not taken

 

[Niko 10]

Daily oil notes. The uptrend still holds but prices bouncing in a hinge during the last few sessions.. Longer term we are still within the larger hinge and the SL still holds.

 

[Niko 10]

Today´s action.

 

 

The chop still gets me.

[Niko 10]

Some context from the CL EOD.

 

[Niko 10]

Well, the market kept on falling after the open. Only took 1 trade.

 

[Niko 10]

Premarket context:

 

Uptrend still holds, but we can see some chop during the following days if buyers don´t come into the market.

 

[Niko 10]

Lets see if bulls show up before the TC is broken.

 

[Niko 10]

SL broken, we are in bears territory. Beware the MP of the last upswing.

 

[Niko 10]

Well, looks like buyers were waiting at 92, that was the last level of S before the hinge was broken in april...

 

 

And the intraday view:

 

[Niko 10]

Daily oil observations...

 

[Niko 10]

After sellers found S at 92 buyers are back inside the up trending TC, next level of R is 96.

 

 

[Niko 10]

Uptrend still valid, trying to exit the hinge but R is around the corner at 97.5. This could be an interesting day.

 

[Niko 10]

Finding S at previous day MP

 

[Niko 10]

Buyers still pushing upwards.

 

[Niko 10]

Buyers finally gave up!

 

[Niko 10]

 

Edited July 16, 2013 by Niko