Analysis of 02-22-2012 price action based off 02-21-2012 Profile.
Failed C down and failed to break Asian session low.
Finally, system paid off long 105.72 out 106.45. Early again but it's O.K +73
Long off 105.70, out some 105.98. failed c down set up. +28 At least one set up worked for some thing . It's been a difficult day overall....
On 45 minutes OR of 105.60-106.12, we had an A up. It turned out to be a weak one as price pulled back to OR low area. Now, if price stays...
02-22-2012. Nothing but stop outs and scarps since OPEN for me. As I said, i do get stop out 3-4 times a day. Today is a good example.
02-22-2012 pre open
I have received lot of questions about support and resistance. I subscribe to multiple subscription services. Attached sheet from Global...
Crude oil- monthly balance area
Weekly long term chart of crude oil showing how price has moved from one balance area to the next. it's good to look at path traveled in the past.
Per my OR which is 45 minutes, there was no A down. There may have been A down for smaller time OR traders like 5 minutes etc.. I have loosing...
One level gets taken out with FORCE, price moves on to the next level till it stops for a breather .
long 105.54. out 106.20 ahead of 106.38 CHVN and 106.50 level. +66. Short 106.42, cover 106.16. +26. We have A up confirmed 10 minutes ago.
I am not very good at drawing channels etc. Today was a good day to practice. The more i draw these, i like them but always with ACD, market...
If it does not go down , it must come up. DX was there to help. Long 104.92 , out 105.28 +36
02-21-2012 Nothing but MESS after 9.15 am, so far
short 105.36 off 105.50 resistance. resistance level posted in pre open chart. Cover 104.82. +.54 Ideal target is 104.40, then 104,24 and so on...
02-21-2012 pre open
short 104.99 on bounce after trading box was broken.
02-21-2012. 6.24 am. long 104.90. stopped out 104.79. -11.
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