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    AL
    albert
    Rep: 99
    Posts: 3,094
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    Starting it off.

    Happy Memorial Day.


    Al
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    Didn't trade today. There was a bank holiday in UK, so I didn't event try to check Cable.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    Cable (6B M18) going down, 100 pips above key level at 1.3180-90.
    1.3235-40 may work as a support, too. Keep in mind though, that they are both sublevels of one area derived from daily chart, which I posted about two weeks ago.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    35-40 hit. Watch out!
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    No sign of any strength. 1.3200 is likely to be broken today.
    AL
    albert
    Rep: 99
    Posts: 3,094
    0
    Paper trading. MU had a strong open today. On MU, the previous session's price behavior, with what looked to me like support between 0.382 to 0.500 fibo near the close, led me to enter an option call trade without waiting for a pullback this morning.
    My XOM call options are under water. I am holding on to this losing position for a little while longer, because I think the negative news regarding oil is overdone, and I might get a little bit better exiting and closing my positions later on, or I might not. I will see what happens.
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    Al
    AL
    albert
    Rep: 99
    Posts: 3,094
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    Red arrow on MU chart is the 8ema crossing the 20 sma.

    Al
    Originally posted by albert

    Paper trading. MU had a strong open today. On MU, the previous session's price behavior, with what looked to me like support between 0.382 to 0.500 fibo near the close, led me to enter an option call trade without waiting for a pullback this morning.
    My XOM call options are under water. I am holding on to this losing position for a little while longer, because I think the negative news regarding oil is overdone, and I might get a little bit better exiting and closing my positions later on, or I might not. I will see what happens.
    Click image for original size
    sc4 png

    Click image for original size
    sc1 png

    Al
    RA
    rat89
    Rep: 0
    Posts: 7,015
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    nem is at it again.....potential bear abcd here on the 5 minute at 39.55 area.....the 60 shows several bounces off the big red trendline, including one at the open today at .886

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    screen shot 2018 05 29 at 11 31 04 am png

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    screen shot 2018 05 29 at 11 32 58 am png
    RA
    rat89
    Rep: 0
    Posts: 7,015
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    Click image for original size
    screen shot 2018 05 29 at 11 11 03 am png
    RA
    rat89
    Rep: 0
    Posts: 7,015
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    back test in the works?
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    screen shot 2018 05 29 at 11 34 24 am png
    RA
    rat89
    Rep: 0
    Posts: 7,015
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    something like this?

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    screen shot 2018 05 29 at 11 53 01 am png
    AL
    albert
    Rep: 99
    Posts: 3,094
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    OOPS. I pressed the wrong button.I guess I had better be more precise in describing what I do.

    I decided to start counting commissions in my paper trading, so I will probable stick to profit, loss, breakeven, words more along that line (commissions included).

    Good Trading,
    Al