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LO
Lorn
Rep: 16,037
Posts: 1,406
Thought I'd post profile for Monday/Tuesday along side last weeks profile. These are RTH only profiles. Quite a few unfilled gaps over the last several trading days. Have we found an important bottom here or more downside to come?
OP
optimusprime
Rep: 1,350
Posts: 147
my 3 minute trade set up.
i have noticed if price bounces off the 38.20 fib line it will trace back up to the 88.6 level or close to it. i have a 4 point max profit but i am usually out in 2( my demons.. i get scared out of my own trades sometimes) If i think the trend or bias is up as i saw this morning, i take a long.. if i can see it is bearish.. i take a short. i use a 60 minute and 240 chart to hone in on trend and where i think price is heading. i thank lorn, bruce and KOOL for posing here so much if it wasn't for your guys, i would never even try to come up with my own strategy. i just wish i had the knowledge of volume and and s/r levels you guys do.
i have noticed if price bounces off the 38.20 fib line it will trace back up to the 88.6 level or close to it. i have a 4 point max profit but i am usually out in 2( my demons.. i get scared out of my own trades sometimes) If i think the trend or bias is up as i saw this morning, i take a long.. if i can see it is bearish.. i take a short. i use a 60 minute and 240 chart to hone in on trend and where i think price is heading. i thank lorn, bruce and KOOL for posing here so much if it wasn't for your guys, i would never even try to come up with my own strategy. i just wish i had the knowledge of volume and and s/r levels you guys do.
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KO
koolblue
Rep: 48,651
Posts: 16,032
Good morning! looking for much lower prices in time, but thinking that todays strong seasonals may 'prop' the market up causing a sideways type environment... im keying in on the 1280.25 level for short scalps and the 1254.50 level for buys.. Avg range 25 handles ..(1280-1255?..that would be sweet!)
CH
chrisp
Rep: 568
Posts: 111
Originally posted by chrispI missed getting in, but looks like 15 min close above 72 was good signal, with good supp on test...
Originally posted by BruceMgood point Bruce, going by opening print I have 72, and the first 3 - 15 min candles have closed below
some beleive in an OR close which would be the closing minute of trade. IF you beleive that the opening range is defined by the one minute high and low like I do then it may pay to not get greedy and look at the closing range lows and highs on gap fills...
good little reactions there sometimes
LO
Lorn
Rep: 16,037
Posts: 1,406
Here is a visual with regards to VWAP and CD. Definitely playing around it.
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LI
Lisa P
Rep: 6,498
Posts: 1,428
Almost 30K contracts entered at 1271.50. Not sure which way. M-Delta shows short
LO
Lorn
Rep: 16,037
Posts: 1,406
Looks like news out of Japan military stepping in with reactors.
or this.
http://af.reuters.com/article/energyOilNews/idAFN1610498020110316?sp=true
or this.
http://af.reuters.com/article/energyOilNews/idAFN1610498020110316?sp=true
Originally posted by optimusprime
WOW!!!!! anyone have aclue on this drop??