Australian (ASX) Stock Market Forum

That gold'n crude trading thread

Had a few more little scalps, so thought I'd update it but can't seem to edit my posts after a certain time?

friday12thjuly2013.jpgpnlcurveweekending12thjuly2013.jpg
 
Must be ticks....

Same I've got some stuff to share with you at some stage...early in the week.
 
I know I asked somewhere else, but couldn't find it, so what again is your y-axis? e.g. 0.5 = x ticks?

Number of trades along the bottom and cents/ticks in profit on the left, so 0.5 would be 50c profit for crude, so 50 ticks, 0.1 = 10 ticks etc. :)
 
Nice, be pretty happy with that, what's the av. daily range of crude these days? Also, you know Bigdog has the same picture as you lol, it fools me every time.
 
Nice, be pretty happy with that, what's the av. daily range of crude these days? Also, you know Bigdog has the same picture as you lol, it fools me every time.

Last time I checked it was about $1.50ish. Haha really? Didn't even know, I'll change mine :)
 
Crude Oil has a couple of important go or no go areas....the high at 110.70, which is basically a double top in RTH.

The RTH GAP at from 108.59 to 109.24....if you want to add a couple of areas for some significant action then these shouldn't disappoint!!

Short of any big news we may see an inside day which would add even further to chance of an interesting session later...
 
Crude Oil has a couple of important go or no go areas....the high at 110.70, which is basically a double top in RTH.

The RTH GAP at from 108.59 to 109.24....if you want to add a couple of areas for some significant action then these shouldn't disappoint!!

Short of any big news we may see an inside day which would add even further to chance of an interesting session later...

wot tha

wot you doing?

i'm trading a go area

wot's wrong with no-go area

dont go there mate, it's just too technical

:D
 

The No Go area just got hammered in ETH...

What is ETH? It a farkin easy way to say Extended Trading Hours

Go or No Go comes from Jim Dalton, who only trades these areas and i like the lingo because it very descriptive. They usually involve the tops and bottom of brackets (ranges) that are well defined over several sessions. They also involve GAPs in RTH (Regular Trading Hours) where buyers or sellers can step in and reverse the market, or push through stops, as they did in ETH.

I hope intra-day traders don't find this too technical because its very basic market structure, involving no trend lines, fibb ratios, or anything like that. If you can't understand GAPs then its time to walk away.
 
The No Go area just got hammered in ETH...

What is ETH? It a farkin easy way to say Extended Trading Hours

Go or No Go comes from Jim Dalton, who only trades these areas and i like the lingo because it very descriptive. They usually involve the tops and bottom of brackets (ranges) that are well defined over several sessions. They also involve GAPs in RTH (Regular Trading Hours) where buyers or sellers can step in and reverse the market, or push through stops, as they did in ETH.

I hope intra-day traders don't find this too technical because its very basic market structure, involving no trend lines, fibb ratios, or anything like that. If you can't understand GAPs then its time to walk away.

'ridy, fair enough

That gold'n crude trading thread
is pretty quiet must be a lot of young :badass: wanting to see the pros in action

:)
 
'ridy, fair enough

is pretty quiet must be a lot of young :badass: wanting to see the pros in action

:)

we'll I'm out for trading anything other than hockey cards for a while...a cataract and MD in my right eye have slowed me down considerably...:cautious:
 
yeah it's quiet here, I haven't been trading much as I've been flat knackers at work, and focusing on creating trading systems, learning python and R :)

Anyone can post here, if there are others out there trading crude or gold, fire away, this isn't just for Can and myself. :xyxthumbs
 
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