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thanks for starting this thread, it is an interesting read. I don't trade CL but I do use camarilla pivots on other futures. I was wondering if you are using the prior day's close of CL for input to the pivots? I ask because when I look at the camarillapivots as shown on Emini Day Trading, , for CL with the contract month shown on your chart, there are some differences in the levels.
On your chart (of today) looking at H4 - H41 here are the differences:
well i just finished my day trading on the higher levels,
The price is still testing todayŽs high, and it will try to break this or capitulate or be rejected on high volume, price will tend to go higher.
ended my day with $300.00 positive, after a negative trade of -$300 still fighting with anxiety, (I need to overcome this) but the second trade was good for $600.00, ending with $300 positive.-. good day.
Do you feel that the difference in using the settlement price verses the close price is irrelevant in the placement of the pivot lines (as in it is close enough?)
Appreciate your thoughts.
Be yourself; everyone else is already taken. Oscar Wilde
GM All, Today seems a that will be a slow Day, price is testing some upper levels, and think the market could surprise us in the hours ahead. It seems to be accumulation for now and then we could have some serious distribution-
This morning has started earlier, price is definetely heading lower but surprises could come, right now the price is sitting at a hard level, 102.63 there is very high volume by price activity, and low volume meaning sellers are making pressure to bring the price lower, to 102.28,
I just finished my trading day, for a positive $300.00 I had identified the zones the market was testing, using my two indicators Volume and Volume by price (volume zone NT), i worked really well, price was above the WMA 200 this means for me that the pressure will try to continue up and in the process i could make some ticks, price supported itself at 102.78 and this happenned to be a high level on the volume by price meaning some trades and stops, limits could be laying there, trigering some sparks, price went up to 103.06 where is another level of stops and traders positions, and also happens to be the high of the 5 min opening range, so I entered the market @ 102.88 2 contracts, and exit @ 103.03, very good trade, watch this levels,
102.78
103.06
103.27
103.96
To the upper side, Market will try to test this ones,
To the lower side, price needs to break 102.30 to enable 102.20 down to 101.82