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yes, ican edit them, the reason i stopped, was because it was taking a long time to edit them.I chose to spend the time todo a quick recap, and then get back to work .For a while, ive been putting in more hours.there has been alot of review, and studying the charts so i can see these setups in real time, not just recap.To do this , there is market replay, and the still shots.Maybe in the future, i will do the real time video..Thanks
ive been doing some work on the longer time loc charts(line on close) to try to get a heads up on what ares to be aware of.I start with the 60 min 24 hour ch, and also use a 60 min cash hours ch, to see if anything jumps out.The cl is a beast.Theres no other way for me to put it,imo.Does that mean you have to be a great trader to day trade it?im not sure.The volatility can be very large, which can be good and bad, depending on how you trade i guess.Anyway, to illustrate my point, i will put up a 60 min of the cl, and the 6b.Both are 24 hours.I will continue to watch both, but the question is simple.If you trade 1 contract of the cl, you could do 2-3 on the 6b.If you are trading 2 cl, 5-6 on the 6b.3 contracts on cl, would be 6-9 on the 6b.Now, im not gonna say they trade the same, or even similar....Just look at the charts...and tell me, which one behaves better?and does it matter?let me know
I wouldn't make too many assumptions from this (besides that GBP tends to be more 'technical'). Things I have noticed after having spent many hours looking through old forex charts.
What was correlated, will become detached for several months or even years to no longer be correlated etc..
Also, I think a better correlation I would think would be the AUD/NZD/CAD (commodity countries) to CL. The market is a little unusual right now in that it seems to all be moving the same way. The only thing diverging has been gold and Euro from what I have seen. Everything else pretty much almost in unison to a degree and that will surely change it is just a matter of when.
CL is a slippery beast, but boy does it move... FDAX is the only other thing to me that moves or trends so well, oh and GOLD/Silver... but are a bit expensive to trade comparatively....
2/13/21012
monday
1 trade cl
-7 net
price shot up to a monthly res, on cl, but i had switched 60min to a 10, and wasnt aware of the level.Missed that one(where have i heard that before?)Took a long, thinking we would test the hod , or get close, we had some room..trade went 8, and turned around...i got a good entry , so no big deal.In retrospect, if i had been drawing my trendlines, like a good boy, i would have caught a nice short.The candles that preceded my long entry, the bottoms were still making LLs.I seem to lose focus once i get into a trade, and am working on that.I think drawing the TLs will help with that.
i thought i heard you say that if you wernt sure if you should draw your trend lines off of the bodies or off of the wicks.. i do know that you can use either, but dont use both.. use one or the other and be consistent with it.. personally i always draw from the wicks..
dont believe anything you hear and only half of what you see