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Updated September 23, 2011
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August 29th, 2011, 11:53 AM
Point Roberts, WA, USA
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
Posts: 4,033 since Dec 2010
Thanks Given: 1,509
Thanks Received: 2,593
Time for a nap.
I have a buy to cover 2 at 85.73. That would leave me net short two.
..........
peace, love and joy to you
.........
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
August 30th, 2011, 04:55 AM
Eagle Rock
Posts: 23 since May 2011
Thanks Given: 24
Thanks Received: 12
Starting a trip down?
The 50 EMA just crossed the 200 EMA in the 5 min chart and the bands on the 15 are expanding, my 4HR chart also shows overbought levels. HH, LL, LH, then another LL. Pivot is at 86.75.
August 30th, 2011, 07:45 AM
Eagle Rock
Posts: 23 since May 2011
Thanks Given: 24
Thanks Received: 12
Just touched the 50 ema and still going down as, could test the 86.00 level?
LL: 86.58
HH: 87.16
HL: 86.74
Prices are still within the middle of the bollingerbands..
August 30th, 2011, 11:57 AM
Georgia, US
Legendary Market Wizard
Experience: None
Platform: SC
Broker: Denali+Rithmic
Trading: ES, NQ, YM
Posts: 6,315 since Jan 2011
Thanks Given: 6,887
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Posted yesterday (on CL Redux at ET) at 5:15pm:
Quoting
Quote from JoshDance:
Today was such a weak up day. However, we stayed above the
VWAP all day long, and the
bears were even weaker than the
bulls .
We aggressively established new value, back into the area established two weeks ago, and have not broken that value yet. We will have to move and close strongly below the 86.20s for me see a longer-term
bearish scenario.
The part in bold is most important IMO. Here is a picture that I posted a little earlier (around 12:30pm) on yet another forum that gives a visual of what I was thinking.
August 30th, 2011, 02:30 PM
Point Roberts, WA, USA
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Monday August 29, 2011
13:25ct
Order to sell 1 Oct contracts at 89.51
I may adjust the price if I have time to check back.
..........
peace, love and joy to you
.........
August 30th, 2011, 03:06 PM
Point Roberts, WA, USA
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14:04 adjusting sell price down to 89.08
..........
peace, love and joy to you
.........
August 30th, 2011, 04:19 PM
Point Roberts, WA, USA
Experience: Advanced
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Broker: IB
Trading: ES
Posts: 4,033 since Dec 2010
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Tuesday, August 30, 2011
Opening cash balance today $66,190
Change in Cash
Closing Cash Balance $66,190
Holdings = short 4 Oct 2011 contracts
2 at 86.36
2 at 87.60
Avg 4 at 86.98
Close today 88.74
Open equity -1.76 * 4,000 = -$7,040
Cash Balance = $66,190
Net equity $59,150
no fill on order today
no open orders
..........
peace, love and joy to you
.........
August 30th, 2011, 08:10 PM
Manta, Ecuador
Site Administrator Developer Swing Trader
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josh
Posted yesterday (on CL Redux at ET) at 5:15pm:
The part in bold is most important IMO. Here is a picture that I posted a little earlier (around 12:30pm) on yet another forum that gives a visual of what I was thinking.
Your screen shot did not come through, that site blocks hot linking to images.
Mike
August 31st, 2011, 12:13 PM
Point Roberts, WA, USA
Experience: Advanced
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Broker: IB
Trading: ES
Posts: 4,033 since Dec 2010
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Wednesday, August 31, 2011
CT11:07
Once more a try at 89.51 - looks like it would have been a good intraday day trade today 89.51 to 88.65
I have ES to potentially move to challenge the earlier high of this morning at 9:20CT, (so CL may do the same?)
Order to sell 1 Oct contracts at 89.51
..........
peace, love and joy to you
.........
August 31st, 2011, 12:55 PM
Point Roberts, WA, USA
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
Posts: 4,033 since Dec 2010
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11:51 starting to rise ...
funny as soon as I think I'm likely to get a fill I start to think of moving the sell price higher.
pushed it up a bit (89.81) CL can really move - probably pull it back down if it fails here
Price now 89.33
..........
peace, love and joy to you
.........
Last Updated on September 23, 2011