$UCO Archives - Page 16 of 17

Dec 2016

Post Market Thurs Dec 1 $SGY, $JUNO, $USOIL, $UCO, $APPY, $TLYS and more.

Post Market Report (Trade Results) $APPY, $JUNO, $SGY, $TLYS, $UCO, $USOIL, Chat Room, Compound trading, Day-trading, Results, Stock Market, Stocks, trading lessons, Trading Results, Wall Street Curt Melonopoly

Review of my Chat Room Stock Day Trades and Alerts for Thursday Dec 1, 2016. $JUNO, $SGY, $USOIL, $UCO, $APPY, $TLYS and more.

Intro:

Time stamped entries (in permanent archive) copied to this blog in italics (below) are direct live log chat from chat trade room as they occurred (random chat from myself not applicable or other misc chat deleted). Chat trade room is also video recorded daily for trade archive.

In addition to chat, this trade-room has live voice broadcast (that covers in detail what indicators I am looking for in and out off each trade) and has live chart screen sharing right from my monitor to the room with all indicators I am looking at.

Overview Perspective & Review of Chart Room, Trades and Alerts:

Today was for me was $UCO long earlier in day that went well and $SGY entry that is a bag. I looked up my bad holding from last 12 months and I got out of 13 of 15 so hopefully this is the case with $SGY. I now have $JUNO, $CBMX and $SGY (3 current bags).

Primary Lessons That May Help Your Trades:

The $UCO trade was executed well – just wish it was larger. The $SGY trade was executed poorly – I went in to FOMO mode right at high of day because the tape was squeezing and oil was close to another break-out and to add to it I didn’t cut fast. But I did hold because I have traded it before – it does spike and I think oil early next year has a high probability of 60+. I have other reasons for holding too – but I should have cut. My $JUNO trade is a bottom trade that I’m comfortable with holding. All in all a fairly undisciplined day – not my style normally.

Announcements in Trading Room:

08:57 am Curtis Melonopoly : Not much new / updated here but here it is https://compoundtrading.com/pre-market-newsletter-thursday-dec-1-gold-silver-usoil-wti-usdjpy-spy-vix/

Stock Chat-room Trading Transcript:

08:52 am Curtis Melonopoly : Shippers, Energy, $BLUE $CLRB $BSTG $CBK $CLC $DRYS $GLBS, $DCIX
08:53 am Curtis Melonopoly : $BLUE $COTV $LEI $DRYS $SDRL $SKX $UGAZ $UWTI $QIWI $WLL $CS $CHK $OAS $JDST $UCO
08:56 am Curtis Melonopoly : https://compoundtrading.com/pre-market-newsletter-thursday-dec-1-gold-silver-usoil-wti-usdjpy-spy-vix/
09:10 am Curtis M : http://thestockmarketwatch.com/markets/pre-market/today.aspx
09:18 am Curtis M : downgrades $QUAD $TRGP $USB $ZION $RF $WFC $CERN $CMI $AJG $Q $WEN $MCD
09:19 am Curtis M : upgrades $WLL $SM $LNN $EOG $APC $NGG $SMTC $INST $SKX $DRI $DE $TRV
09:19 am Curtis M : Wll review algos after open settles down.
09:25 am Curtis M : $TWTR Disney chatter
09:35 am Curtis M : Lng $JUNO 2000 20.13
09:46 am GSCT . : SKLN pop
09:50 am Sandra T : $GEVO good action
09:59 am Sam E : $DRYS should go
10:00 am Curtis M : Watching $NATGAS for reversal $USOIL for break out $GOLD for bottom of quad $SILVER to confirm reversal $SDRL for squeeze $TWTR rumor Disney
10:03 am mathew w : Just entered Sdrl above previous resistance. Watching below the 2.9 level
10:04 am Curtis M : .
10:05 am Curtis M : Long $UCO 3000 10.905
10:06 am Curtis M : Going to have to reset charts already opera slow
10:06 am GSCT . : Why not Chrome?
10:08 am Curtis M : opera better for averting hacks – we’re getting hacked
10:08 am Curtis M : been constant last 3 weeks
10:09 am GSCT . : Wow. Jeez.
10:10 am Curtis M : I thouhgt it was Panama but nope
10:11 am Curtis M : Sartaj thinks its because of the financial footprint – stocks
10:13 am mathew w : Upper target 51.25 on /cl
10:13 am mathew w : I have both futures and UCO targeting that level
10:14 am mathew w : Also back in some CLF Dec9 9.5 calls
10:15 am mathew w : Reload for me after selling last wek
10:25 am Curtis M : So as I go thru algo charts today go ahead and post questions and I’ll try and get to them thru day
10:35 am mathew w : OIL!
10:38 am mathew w : Just trimmed some of my position for a quick drop to reenter
10:48 am Curtis M : Order for 6000 shares $UCO long 51.20 and abover 1000 at each penny
10:57 am mathew w : Im out. Hit my .25 level
11:14 am Curtis M : $WLL 29% $NOG 20% $ATW 19% $RIG 16%

11:20 am Curtis M : Scaled out 11.20 ish for decent win on 9000 shares
11:24 am Curtis M : Fib 51.77 full extension and 52.05 ish full measure moved lots of air above 51.77 tho $FX $USOIL $WTI
11:36 am Curtis M : Watching $GOLD for $NUGT play
11:36 am Mathew Waterfall : I’ve had a JNUG and USD/JPY split screen on one of my screens all week. JPY is just relentless
11:36 am Curtis M : ya
11:53 am GSCT . : /CL may retest HOD
11:59 am dan o : Pit close may get right out of control today
11:59 am Curtis M : lol
12:01 pm GSCT . : /CL HOD
12:02 pm GSCT . : What was the Fib level you expected here?
12:02 pm GSCT . : 51.77
12:02 pm GSCT . : ?
12:03 pm GSCT . : Here we are.
12:06 pm Mathew Waterfall : I’m back long against the 10 day on the 1′
12:06 pm Mathew Waterfall : frontrunning a bit
12:06 pm GSCT . : /NG 3.5
12:07 pm Mathew Waterfall : Just heard 3.87 from a guy I follow who is right way more than wrong
12:07 pm Mathew Waterfall : Said it was a long term hit though
12:12 pm GSCT . : Think a backtest is imminent /CL today?
12:14 pm GSCT . : Usually there is after this kind of up move.
12:15 pm GSCT . : This may be it now.
12:15 pm GSCT . : For 1 or 2 %
12:18 pm GSCT . : That won’t end well
12:43 pm Curtis M : Long $SGY 7000 8.03 avg
12:54 pm Mathew Waterfall : Rolling and selling RIG calls opened yesterday
12:55 pm Mathew Waterfall : Sold half, rolled hald to DEC30 14.5s. I’m in the green so free trade from ehre for further squeeze
01:11 pm Curtis M : If $SGY comes off I’ll hit t again at 7.00
01:12 pm Curtis M : I’m in long swing if needed through to spring with 12 – 14 target on $SGY
01:12 pm Curtis M : Running scans
01:13 pm Curtis M : If Ol comes off today I’d peg it at 51.09 ish for a bounce
01:14 pm Curtis M : Going for coffee back in 20 mins
02:07 pm Curtis M : Running scans
02:08 pm Mathew Waterfall : BTO TLT Jan17 124/126 call spread. Will trade against this if need be
02:23 pm Curtis M : Long $SGY scaling in 7000 we’ll see
02:24 pm Curtis M : If price doesn’t go north I’ll cut on these entries but hold and swing oriiginal entries
02:25 pm Curtis M : In 1 of 7 now
02:25 pm Curtis M : 3 of 7
02:29 pm Curtis M : 7 of 7
02:41 pm Curtis M : $SKLN looking good today
02:41 pm Curtis M : out 7k
02:48 pm Curtis M : $SKLN popped
02:54 pm Curtis M : scaling back in $SGY – yes I’ll do this until grip
02:55 pm Mathew Waterfall : I like your call long term. Short term support seems to be around 4.9
02:56 pm Curtis M : I hate pain trades lol but when i get aggresive I seem to end up in them
02:56 pm Curtis M : I just checked last year 15 bags out of 13 positive
02:57 pm Mathew Waterfall : Tis the season I suppose. It would owrry me if it makes another run into that overhead gap and fails and filling it again
02:57 pm Mathew Waterfall : Nice!
02:57 pm Curtis M : Long holds tho
02:57 pm Curtis M : Months
02:58 pm Mathew Waterfall : That’s the thing with the low floats. As long as you get the entry right, you’ll get a spike sooner or later
02:58 pm Mathew Waterfall : Just depends on how long and how much pain you sit through on the way
02:58 pm Sam E : I like $SGY play
03:00 pm Curtis M : Scaling out 7 k
03:00 pm Curtis M : oops nope
03:00 pm Curtis M : sorry
03:00 pm Curtis M : lol
03:00 pm Curtis M : Sending my wife off here set stop on 7 of 14 back at 330 at latest
03:21 pm Curtis M : stop got hit for the record 6 cent loss
03:22 pm Curtis M : still in 7k
03:22 pm Curtis M : sorry 3 cent loss
03:25 pm Curtis M : back in 6.29 avg
03:25 pm Curtis M : tight stop
03:32 pm GSCT . : But you added more to you rposition then sold? Not sure I understand what you did SGY.
03:33 pm Curtis M : out tiny loss im holding 7k
03:33 pm Curtis M : sorry confusing myself
03:33 pm Curtis M : holding 14 k 7 k with tight stop
03:34 pm Curtis M : nope sorry stop got hit only holding 7 lol geesh
03:35 pm Curtis M : im getting on a conference – u guys have a great night – if i get a re-entry ill post it
03:35 pm Ronny D : night
03:43 pm Curtis M : back in for another try scaling here
03:45 pm Mathew Waterfall : Followed a sweeper through on some dec 2 MGM calls. Japan ruling should give this a boost. lotto 29
03:48 pm Curtis M : having a hard time getting fill here
03:50 pm Curtis M : I am going to just watch after hours for a good fill dont want to leave it for morning
03:50 pm Curtis M : oh there got it lol
03:50 pm Curtis M : in for 7k total 14 k hold overnight 2nd fill avg looks like 6.265
03:51 pm Curtis M : no stops im in
03:51 pm Curtis M : have a good night all!
03:57 pm GSCT . : IS that your overall position average?
03:57 pm GSCT . : Or your second lot of 7k?

Topics: Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, $SGY, $JUNO, $USOIL, $UCO, $APPY, $TLYS

Nov 2016

Oil Trading Chart Blog Update Nov 29. Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F)

Crude Oil Trading Algorithm (EPIC) $CL_F, $UCO, $USO, Algorithm, Chart, Crude Oil FX: $USOIL $WTI, DWTI, EPIC the Oil Algo, Indicators, Trading Edge, Trading Room, UWTI Epic the Algo

Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F) Chart and Algorithm Observations

November 29, 2016 EPIC the Oil Algo Oil Report.

Welcome to my new FX: $USOIL $WTI oil trade report. These reports will become more and more detailed as the days and weeks go forward.

How My Algorithm Works and Availability:

I am an algorithm in development. My math is based on traditional indicators (up to fifty at any given time each weighted on individual merit) such as simple math calculations relating to price and volume, Fibonacci, simple pivots, moving averages, Gann, Schiff and other mathematical factors. I do not yet have AI or Geo integration – only math. I am not a high frequency or bot type algorithm – I am to be used (represented on a chart) as a probability indicator to give our trader’s an edge when triggering entries and exits on trades with instruments that rely on the price of crude oil (specifically FX: $USOIL $WTI).

Below you will find my simplified view of levels that can be used on a traditional chart to advance a traders’ edge (both intra-day and as a swing trader). This work, and your subsequent trading, should be considered as one decision at a time, “if this happens then this or this are my targets”… price – trigger – trade and so on.

My algorithmic charting is going to developer coding phase early 2017 for our trader’s dashboard program. I am not an automated bot or high frequency type algorithm. Please review my algorithm development process and about my oil algorithm story.

My charting and alpha algo targets / algo trendlines are free to the public until Dec 1, 2016. After Dec 1, 2016 will only be made available to subscribers here.

Below you will find the “basics” and commencing Dec 1, 2016 my subscribers will be given step by step training in all the information I use and all the advanced charting I produce on an intra-day basis.

FX: $USOIL $WTI Observations

IMPORTANT NOTE: If you do not invest the time to review at least the last few of my oil reports on this blog, our website (as it applies to my algorithm) and my Twitter feed (which all in will take you at most an hour to catch up and also understand how my algorithm works) this report will be of no good to you. The reports are a running story and just one post won’t do it – there is zero benefit.

At time of writing FX $USOIL $WTI is trading at 46.58 (404 AM ET Nov 29, 2016). Some thoughts that may help advance you trading edge;

Crude algo intra work sheet 402 AM ET Nov 29, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

Diagonal Trend-Line Inflection Points (blue lines)

Here is an indicator (in addition to many others I have explained in previous posts and on my Twitter feed) I haven’t explained in past that I should because it recently occurred. Refer to the white circle in the oil chart below. You see the diagonal trend-lines (in blue) from the current time / price cycle? When they converged… look at what happened with the price action of crude oil.

Diagonal Trend-Line (blue lines) Price Action at Inflection Point (white circle). Crude algo intra work sheet 419 AM ET Nov 29, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

Recent price action – price failing at 200 MA on 30 min and now resistance at 200 MA on 30 min.

Price failed support at 200 MA on 30 Min and failed resistance at 200 MA on 30 Min. Crude algo intra work sheet 426 AM ET Nov 29, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

Fib support. Crude algo intra work sheet 534 AM ET Nov 29, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

Price bounced off the Fib. Crude algo intra work sheet 607 AM ET Nov 29, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

So for now that is it for the update. The targets for this week have been published and we are awaiting OPEC so any more than this would just be duplicate of my recent posts.

Indicators:

As I explained above, my algorithm is a mash-up of up to fifty traditional indicators at any one time – each one given its own weight in accordance to its accuracy (win rate). This “mash-up” is how we establish the probability of specific targets hitting (we call them alpha algo targets).

Starting early December we will be introducing these indicators in to our trading room to assist our traders with using these indicators to advance their edge (beyond my standard charting you see in this post). We will also work with intra-day quadrants for the intra-day snipes.

Alpha Algo Targets, Algo Trend-lines, Algo Timing, Quadrants for Intra Snipes

Algo targets are the red circles – they correspond with important times each week in oil reporting land. Tuesday 4:30 PM, Wednesday 10:30 AM and Friday at 1:00 PM. The red dotted diagonal lines are the algo trend-lines. And the vertical dotted (red or green) are marking the important times each week. You will find that the price of crude will hit one of the alpha algo targets about 90% of the time. Understanding how the price of crude reacts to the algos and why they move from target to target is critical for intra-day and swing trading oil.

We cover this in much more detail in the trading room and reviewing my Twitter feed posts and previous blogs will help you with how to use these indicators. We will start posting video blogs (for my subscribers) on You Tube (in addition to my daily blog posts) for swing traders that work during regular trading hours.

Also… we will cover how to establish algo trend-lines and price targets future forward (as you have seen me do on my Twitter feed for some time now).

Conclusion:

That is a good place to leave it for now – we will review details of the above in the trading room and when time allows we will segment for our swing traders (and publish) videos of the work we do in the trading room.

See you in the live trade room and if not stay tuned for our videos recapping what happens in the room!

EPIC the Oil Algo

Article topics: EPIC the Oil Algo, Crude Oil FX: $USOIL $WTI, $UWTI, $DWTI, $USO, $UCO, $CL_F, Chart, Algorithm, Indicators, Trading Room, Trading Edge.

Nov 2016

Oil Trading Chart Blog Update Nov 28. Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F)

Crude Oil Trading Algorithm (EPIC) $CL_F, $UCO, $USO, Algorithm, Chart, Crude Oil FX: $USOIL $WTI, DWTI, Indicators, Trading Edge, Trading Room, UWTI Epic the Algo

Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F) Chart and Algorithm Observations

November 28, 2016 EPIC the Oil Algo Oil Report.

Welcome to my new FX: $USOIL $WTI oil trade report. These reports will become more and more detailed as the days and weeks go forward.

How My Algorithm Works and Availability:

My charting and alpha algo targets / algo trendlines are free to the public until Dec 1, 2016. After Dec 1, 2016 will only be made available to subscribers here.

FX: $USOIL $WTI Observations

At time of writing FX $USOIL $WTI is trading at 46.20 (510 AM ET Nov 28, 2016). Some thoughts that may help advance you trading edge;

Crude is currently challenging 200 day on the 5 min chart.

Crude algo intra work sheet 522 AM ET Nov 28, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

Here is how the alpha algo targets looked on Friday.

The third most probable target hit target zone.

Explanation detail.

Here are the primary alpha targets going forward. How do you trade these? Read my previous blog posts, read my story on our website, read my tweets and be in our room. The indicators I provide in addition to the primary targets I provide you give you an edge most traders will not have available.

Here is one important indicator. It is critical to learn how the price of crude is affected by and the relationship with diagonal trend-lines (please review my previous posts).

Here is another important indicator. While writing, the price of crude got under the 200 day MA on the 1 minute chart and here is how the price of crude reacted.

When trading crude, it is critical you watch all indicators, but the 200 day on the 1, 5, 15, 30, 1hr getting under price will give you a head start if your entry is timed properly (more often than not).

Indicators:

Alpha Algo Targets, Algo Trend-lines, Algo Timing, Quadrants for Intra Snipes

We cover this in much more detail in the trading room and we will start posting video blogs (for my subscribers) on You Tube (in addition to my daily blog posts) for swing traders that work during regular trading hours.

Also… we will cover how to establish algo trend-lines and price targets future forward (as you have seen me do on my Twitter feed for some time now).

Conclusion:

See you in the live trade room and if not stay tuned for our videos recapping what happens in the room!

EPIC the Oil Algo

Article topics: Crude Oil FX: $USOIL $WTI, $UWTI, $DWTI, $USO, $UCO, $CL_F, Chart, Algorithm, Indicators, Trading Room, Trading Edge.

Nov 2016

Oil Trading Chart Blog Update Nov 25. Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F)

Crude Oil Trading Algorithm (EPIC) $CL_F, $UCO, $USO, Algorithm, Charts, Chat Room, Crude Oil FX: $USOIL $WTI ($UWTI, DWTI, Indicators, Stocks, Trading, Wall Street Epic the Algo

Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F) Chart and Algorithm Observations

November 25, 2016 EPIC the Oil Algo Oil Report.

Welcome to my new FX: $USOIL $WTI oil trade report. These reports will become more and more detailed as the days and weeks go forward.

How My Algorithm Works and Availability:

My charting and alpha algo targets / algo trendlines are free to the public until Dec 1, 2016. After Dec 1, 2016 will only be made available to subscribers here.

Below you will find the “basics” and commencing Dec 1, 2016 my subscribers will be given step by step training in all the information I use and all the advanced charting I produce on an intra-day basis.

FX: $USOIL $WTI Observations

At time of writing FX $USOIL $WTI is trading at 47.40 (1227 AM ET Nov 25, 2016). Some thoughts that may help advance you trading edge;

Crude algo intra work sheet 1224 AM ET Nov 25, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

Crude has been trading in eradic ways the last few weeks. Normally we can lock in the alpha algo targets and algo trendlines with little difficulty – but the last two weeks have not been easy and continue to be difficult. The geo political sphere is obviously affecting the natural trading range. SO IT IS IMPORTANT TO CONSIDER THE GEO POLITICAL SITUATION when triggering trades based on our algorithm targets – CAUTION is warranted.

In intra-trade crude (referring to chart above) has fallen below two intra diagonal trendlines (blue) and bounced off the third. The three alpha algo targets are represented in the chart in red circles for tomorrow. Other targets for next week have now been published to my Twitter feed https://twitter.com/EPICtheAlgo.

So the primary observation in this post is more geo political – use caution. Nonetheless, below is some detail.

Indicators

However, for now, here are some indicators that stand out:

1. 200 day on 1 hour relationship. Crude algo intra work sheet 104 AM ET Nov 25, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

200 day on 1 hour relationship. $USOIL $WTI #OIL

200 day on 1 hour relationship. Crude algo intra work sheet 104 AM ET Nov 25, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

This is obviously a great BUY TRIGGER.

2. Crude is most recently beginning to respond to algo line and algo targets. Crude algo intra work sheet 110 AM ET Nov 25, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

Recently responding to algo line and algo targets. Crude algo intra work sheet 110 AM ET Nov 25, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

So being that crude has more recently (because for a time there when oil meetings were in the air so to speak it didn’t) this is good. It is also responding to simple lines (simple diagonal trend-lines and horizontal support lines). This makes trading much more predictable. Visit us in our trading room for more information on how to trade these charts or subscribe to my daily posts if you cannot be in front of a monitor all day.

Alpha Algo Targets, Algo Trend-lines, Algo Timing, Quadrants for Intra Snipes

Also… we will cover how to establish algo trend-lines and price targets future forward (as you have seen me do on my Twitter feed for some time now).

Here are the most recent alpha algo targets published to Twitter:

Conclusion

See you in the live trade room and if not stay tuned for our videos recapping what happens in the room!

EPIC the Oil Algo

Article Topics: Trading, Stocks, Wall Street, Chat Room, Algorithm, Charts, Indicators, Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F

Nov 2016

Post Market Wednesday Nov 23 $JUNO, $ANF, $GOLD, $SILVER, $WTI, OIL and more.

Post Market Report (Trade Results) $ANF, $JUNO, $SKLN, $UCO, $USOIL, $WTI, Chat Room, Day-trading, Oil, Stock Market, Stocks, Trading Results, USD/JPY, Wall Street, XIV Curt Melonopoly

Review of my Chat Room Stock Day Trades and Alerts for Wednesday Nov 23, 2016. $JUNO, $ANF, $SKLN, $GOLD, $SILVER, $XIV, $USOIL, $WTI, OIL and more.

Intro:

Overview Perspective of Chart Room, Trades and Alerts:

Kind of an odd day with Thanksgiving Day around the corner today. Market fade was heavy late day. Some small cap low floats were running a bit. Gold and Silver were the big watches for us because the price for both was either just entering the price target zone of our algos or really close.

Primary Lessons That May Help Your Trades:

$ANF Abercrombie trade lessons were two… #1 being most important and that is that 200 day on the 5 – once that 200 on the 5 got under the price it was rocket time (classic snap-back and gap fill). So waiting would have paid dividends. It just gets tough to stay on top of them over days. There is a recent wash-out on $SKLN that I should watch closer for this.

$SKLN Another wash-out snap back play to watch close. The 200 on the 5 is still a ways away – but on close watch for me. pic.twitter.com/5WaQvdmEvy

— Curtis Melonopoly (@curtmelonopoly) November 25, 2016

$JUNO Therapeutics was my #2 lesson… waiting for the proper set-up in terms of moving averages would have likely been safer – I’m in this swing 22.31 and it closed at 22.56.

Announcements in Trading Room:

None

Stock Chat-room Trading Transcript:

08:55 am GSCT . : DRYS ESEA moving

09:04 am Curtis Melonopoly : Premarket newsletter https://compoundtrading.com/pre-market-newsletter-wednesday-nov-23-lli-juno-ibb-labu-labd-axon-skln-usoil-wti-natgas/
09:06 am Curtis Melonopoly : Gainers: $REXX 19%, $DE 12%, $LABD 7%, $ZBIO $TXMD $AVXL $VEEV $JDST $CNHI $MRNS $GME $OPTT
09:09 am Curtis M : Mornin!
09:12 am GSCT . : Your call on /GC coming into play here
09:12 am GSCT . : Heading to your target
09:13 am Curtis Melonopoly : nice
09:14 am Curtis Melonopoly : Anyone have audio on that can check my mic volume?
09:14 am GSCT . : Could be a bit louder
09:14 am Dave D : Sounds ok
09:20 am GSCT . : Ticker more visiible on your chart. Thank you.
09:23 am Curtis M : Looks like a good day.
09:23 am Curtis M : Your welcome.
09:26 am Curtis M : Open on deck
09:28 am Curtis M : $AVXL $DRYS $MNKD $SINO $DGLD $SHIP $GLBS
09:29 am mathew w : Still monitoring my /es short
09:29 am mathew w : trimming positions today overall most likely before tomorrows break
09:31 am Curtis M : $MDGS +58%
09:32 am Curtis M : $ESEA +36%
09:32 am GSCT . : SKLN off lows
09:39 am Curtis M : $SINO 19%
09:40 am Curtis M : $DCIX 13%
09:41 am Curtis M : $SHIP 8%
09:42 am Curtis M : $ESEA Looking for 3.75 then 4
09:50 am Curtis M : $RLOG watching tape on bids
10:01 am Curtis M : $GOLD algo targets 1163 – 1167
10:01 am GSCT . : Ignore the Twitter trolls
10:02 am GSCT . : What’s the time frame on Gold /GC algo?
10:02 am GSCT . : SKLN some momo
10:09 am mathew w : Adding a few UCO calls. Stalking NE and WLL though Im still deep in the money in WLL and NE at this point. likely roll up and out
10:10 am susan woo : Curtis, why wouldn’t you wait until AFTER Yellen this afternoon before touching gold/silver?
10:10 am susan woo : Just curious
10:10 am mathew w : also closing out of DUST calls. Had weely 57s that exploded up ON
10:10 am mathew w : *weekly
10:12 am susan woo : Gotcha, thanks Curtis
10:14 am GSCT . : /GC new LOD
10:15 am mathew w : Like lol
10:18 am mathew w : Totally out of DUST calls. Might regret that but easy money
10:18 am mathew w : yea
10:18 am mathew w : dude is a GDX bull all day
10:18 am mathew w : Smart guy for sure
10:22 am mathew w : In some CLF jan 10 calls. Rolling up and out basically after closing a big portion of my Dec 8’s yesterday
10:22 am mathew w : Lots of flow in this name, lots of sweepers all week
10:24 am susan woo : I love your Canadian accent. Sounds like mine lol!
10:28 am GSCT . : SKLN may be reversing here
10:30 am GSCT . : Gold lower still
10:36 am GSCT . : Gold algo hit may happen today!
10:40 am mathew w : Oil has been a tough ride this AM. Small scalps but I’m gonna take a break and let it even out a bit I think. Back in 30
10:41 am mathew w : Big resistance at 8.3 area
10:57 am Curtis M : Watching $JUNO for snap back, $GOLD getting close to algo PT, $SILVER in algo $PT high range $USD/JPY, $SINO

11:01 am Curtis M : Long $JUNO for second attempt 22.31 3000 shares

$JUNO Therapeutics 5 minute stock chart

juno-therapeutics-5-minute-stock-chart

11:03 am Curtis M : Out $ANF 3000 shares swing 15.57 14.96 buy here https://compoundtrading.com/stock-trading-results-green-portfolio-day-post-market-fri-nov-18-anf-wash-trch/

$ANF Stock Trade on Wash-out – Abercrombie

11:06 am GSCT . : SKLN flirting with the 20
11:19 am Curtis M : Low float Shippers Bio Drillers
11:19 am Mathew Waterfall : wanting a 20 touch on the 1′ to reenter /cl here
11:19 am Mathew Waterfall : being cautious after this am’s moves
11:20 am Mathew Waterfall : And that’s why lol
11:28 am susan woo : Curtis, this signal you have for gold/silver, is it as strong as the algo trigger you got before the January lows, right before gold/silver ran big?
11:30 am susan woo : thanks
11:36 am GSCT . : /GC rallying back
11:37 am Curtis M : back in 20
11:43 am GSCT . : Stalking SKLN on IBB XBI possible pivot
11:52 am Mathew Waterfall : CLF calls working. May add to CHK here depending on OIL. Still bouncing around making me earn my money on the /cl trade today
11:54 am Mathew Waterfall : And I know im a broken record on this but WLL is still seeing a ton of buying. I will likely take jan calls shortly. Out 2/3rds of my Dec calls for a 3/4 bagger
11:57 am Mathew Waterfall : In WLL jan 11.5c’s at .57 to add to me dec2 10’s
11:57 am Curtis M : Thanks for posting your trades Mathew
11:59 am Mathew Waterfall : No problem. I’m also open to share. I don’t post every little trade I do as I’m in/out of some futures pretty quickly at times like this AM with /cl
11:59 am Mathew Waterfall : Also closed my /es short this AM. Looking to reopen that but the action off of the open seemed bullish and it was even if I covered at 2195 instead of 2198 where we are now
11:59 am Mathew Waterfall : *always open to share
12:01 pm GSCT . : SKLN volume
12:03 pm GSCT . : Top of the hour
12:06 pm GSCT . : Natty Gas new highs
12:06 pm GSCT . : /NG broke 3
12:06 pm GSCT . : Curtis what was you buy signal # on that again?
12:09 pm GSCT . : It’s owned my trading
12:09 pm GSCT . : Avoiding for now
12:09 pm GSCT . : SKLN going here
12:12 pm GSCT . : Not going perse but some bump
12:14 pm Mathew Waterfall : Rolling more dec8 to jan 10’s in CLF for me. Taking profits and taking a bit of risk off of the table
12:15 pm Mathew Waterfall : Those went from .42 buy to 1.18 so solid win
12:18 pm Mathew Waterfall : Using that cash for some lottos. FCX Dec2 18’s for more squeeze. Will have to be out of these buy mid next week
12:23 pm Mathew Waterfall : And Holy SH*t. 11000+ CLF Feb calls just BTO it looks like. Damn!
12:31 pm Mathew Waterfall : Out the rest of me NE Dec2 5.5. .57 from .21. Taking off risk and moving out
12:41 pm GSCT . : I can barely hear you. I got it ful volume.
12:41 pm GSCT . : full
12:45 pm Curtis M : Sorry I think I need to switch headsets
12:46 pm Curtis M : As soon as I get a break I’ll swtch headsets
12:46 pm GSCT . : Thanks boss.
12:49 pm Curtis M : can smell coffee gonna go get a refill
12:56 pm Curtis M : Rebooting headset so Ill be back
12:56 pm Mathew Waterfall : Took a small started in USLV at 12.9. Front running this trend a bit so starting small
12:59 pm GSCT . : Thank you.
01:00 pm GSCT . : SKLN slow and steady
01:09 pm Curtis M : $ESEA + 53% SINO +39% SPEX + 27% GLBS +19.43 %
01:27 pm Curtis M : $DRYS action intense
01:27 pm Curtis M : $GOLD and $SILVER at tipping point… could get fun soon
01:28 pm GSCT . : Thoughts on DRYS here Curtis
01:30 pm Mathew Waterfall : Rolled the rest of my CLF Dec16 8’s to Dec23 10s. Thing is a monster. Targeting 11’s short term
01:31 pm Mathew Waterfall : I got a .93 credit for that move BTW so taking some profits
01:31 pm Mathew Waterfall : Sorry .96 credit
01:31 pm Curtis M : nice
01:33 pm GSCT . : Missed it. Even 6.50 to 6.85 worked
01:34 pm Curtis Melonopoly : Resetting charts
01:40 pm Mathew Waterfall : In some JNUG. Looking for 6.8. Out under 6.40ish recent swing low
01:42 pm Mathew Waterfall : 6.6 needs to break for more to the upside. May add more over that if we get there
01:53 pm Curtis M : This is all lke a replay of this time last year – spooky almost
01:55 pm GSCT . : Good to know.
01:56 pm GSCT . : TVIX rmaped in early January
01:56 pm GSCT . : ramped
01:57 pm Curtis M : January was my best month this year and Brexit 2nd
01:57 pm Curtis M : Markets quiet right now
01:57 pm Curtis M : running scans but quiet
01:57 pm GSCT . : DId you play TVIX on Brexit?
01:58 pm GSCT . : FOMC in 2 min
02:02 pm Curtis M : FOMC Rate Hike Could Happen in Dec
02:03 pm GSCT . : Priced in to Gold’s move today maybe already
02:08 pm Mathew Waterfall : Out of JNUG for pennies overall. Will reenter if it can find footing over posted level
02:26 pm Curtis M : Very quiet
02:31 pm GSCT . : 0Do you have a link to access the room from an iPad. I’ve tried logging on 3x and it says ‘organizer has ended your session’.
02:31 pm Curtis M : interesting
02:31 pm Curtis M : Ill message Sartaj
02:32 pm GSCT . : The mobile version is awful btw.
02:32 pm Curtis M : ya i know
02:32 pm Curtis M : shopping
02:33 pm GSCT . : Good to know.
02:35 pm Mathew Waterfall : I may go take a nap or something. Not much on my board to play here into EOD
02:35 pm Sartaj Hundal : GCST: Try to rejoin the room on your iPad
02:36 pm Curtis M : Naps r awesome lol
02:36 pm GSCT . : Same result
02:36 pm GSCT . : Can you post a link I can try Sartaj?
02:42 pm GSCT . : Never mind. I’ve tried all possible links
02:43 pm Mathew Waterfall : Seeing if I can get a pop in XIV as they push SPY back green
02:43 pm Mathew Waterfall : Boredom trade
02:45 pm Curtis M : ya m catching up on work until a scanner pops
02:45 pm Curtis M : if one pops
02:48 pm Mathew Waterfall : /ES rejecting at 2201. Out shortly of my XIV trade ~.12 share so not much there unless another pop
02:53 pm Mathew Waterfall : Out of that trade for anyone wonder. Adding some FB Dec 125 calls as well. Still looking for a gap fill in next 2-3 weeks
02:53 pm Curtis M : $NAVB Halt news
02:55 pm GSCT . : SKLN maybe
02:55 pm GSCT . : A lot of selling this last candle though
02:57 pm GSCT . : SKLN VWAP pop
03:14 pm GSCT . : NTNX running
03:17 pm Curtis M : nice move
03:18 pm GSCT . : Mossed the meat of it
03:18 pm GSCT . : Feels late now
03:19 pm Curtis M : squeeze so who knows
03:22 pm GSCT . : NAVB our of halt
03:22 pm Curtis M : thx lol was in algo land
03:23 pm Jorge F : What is NAVB news?
03:23 pm GSCT . : I can Google it for you
03:23 pm GSCT . : DRYS perky
03:25 pm Curtis M : $NAVB News https://twitter.com/curtmelonopoly/status/801521806590910464
03:29 pm Mathew Waterfall : SN Jan 10’s. Bit of a stretch buy they’re cheap. Needs OIL to remain strong and they will pay nicely. Nice R/R
03:30 pm Mathew Waterfall : 6.6 is a big level for CHK #captainobvious
03:31 pm Curtis M : $CHK interesting but Im staying out
03:32 pm Mathew Waterfall : Good call. I looked at adding more this AM and didn’t. I’m already in Dec2 6.5c’s so I’ll stick in those in to next week. Positive for me so I’m in no hurry to add more
03:38 pm GSCT . : Friday could be wacky
03:51 pm susan woo : So, how does in look in gold/silver land? Still waiiting for more algo confirmation?
03:53 pm susan woo : Yeah, that’s why I got a bit confused re: your technique
03:53 pm susan woo : No problem
03:53 pm susan woo : Thanks for explaining
03:53 pm susan woo : Ewave guys saying it could go lower too
03:54 pm susan woo : I’m not into ewave
03:54 pm GSCT . : LABU what a day
03:59 pm GSCT . : Me neither
03:59 pm Mathew Waterfall : Have a great turkey day all. Will likely be around Friday if the room is open. Not holding any futures into this break, I’m way too cautious
04:00 pm GSCT . : Thanks Curtis
04:00 pm Curtis M : No problem your welcome enjoy!

Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, $JUNO, $ANF, $SKLN, $UCO, $XIV, $USD/JPY, $USOIL, $WTI, OIL

Nov 2016

Post Market Tuesday Nov 22 $SKLN, $UCO, $XIV, $USOIL, $WTI, OIL and more.

Post Market Report (Trade Results) $SKLN, $UCO, $USF/JPY, $USOIL, $WTI, Chat Room, Day-trading, Oil, Stock Market, Stocks, Trading Results, Wall Street, XIV Curt Melonopoly

Review of my Chat Room Stock Day Trades / Alerts for Tuesday Nov 22, 2016. $SKLN, $UCO, $XIV, $USOIL, $WTI, OIL and more.

Intro:

Overview Perspective of Chart Room, Trades and Alerts:

Well, today was the first day I slept in since high school… well maybe not quite that far back. I hadn’t reset my alarm for the new time zone (so I lost 2 hours lol). And worse yet, I missed a crazy good open. But we got in to the swing and had a great day.

Primary Lessons That May Help Your Trades:

The $SKLN trade I took later in the day for a snap-back after the wash-out literally has fifty lessons in it. It was about an hour and a half trade that we recorded the audio and video trade room screen share with charting. So we have started to break up the video in to ten to twelve smaller videos detailing all the indicators, psychology and technicals involved in the trade. I am hoping to have these videos ready for Thursday night. Tonight we are working on publishing the algorithm updates – so depending on how long those take will depend on how long the videos take to come out – but they are, if I may say so gold for learning traders… a really, really technical trade with lots of commentary on the minute as the trade progressed.

The other trades on the day were textbook scalps. The one main lesson (because I was on top of the momentum stocks – late, but on top of it once in room) – the main lesson beyond the $SKLN lesson filled trade was the $USOIL $WTI wash-out on OPEC news before pit close – but that lesson also is on (included as a part) of the $SKLN trade because that was happening at the same time in the trading room today.

Announcements in Trading Room:

None

Stock Chat-room Trading Transcript:

10:09 am Curtis Melonopoly : Forgive me… my alarm on cell phone ws set to Panama time – I am two hours behind this morning! Geesh.
10:12 am susan woo : I’m in LABU swing
10:14 am Mathew Waterfall : Missed out on some good price action in oil
10:15 am Curtis M : ya embarrasing…geesh
10:16 am Curtis M : I’ll take a few mins and get screens done here
10:17 am GSCT . : You’re still in Beta! This is allowed.
10:18 am GSCT . : This is
10:18 am Curtis M : lol
10:19 am Curtis M : grabbing coffee back in 10 for biggest week in my life in market – revenge trading!
10:19 am Mathew Waterfall : Out a chunk of my WLL calls today and likely trimming up NE calls as well
10:19 am Mathew Waterfall : WLL was .30 to .725
10:21 am GSCT . : Gold sliding hard
10:22 am Curtis M : wow
10:22 am Curtis M : Active morning
10:23 am Mathew Waterfall : Im gonna give this market some time to shake out before taking any more trades I think
10:23 am Mathew Waterfall : Need to see what kind of range we’re working with to be able to snipe any plays
10:26 am David Glenn : Morning!
10:30 am Curtis M : Many ranges today to work with
10:30 am Curtis M : scans will be ready in 5 mins
10:42 am Curtis M : $USD/JPY huge deflation issue $GOLD
10:43 am Curtis M : BTW All algo updates out tonight for all 6.
10:44 am Curtis M : Looking for bottom of range in creude for an entry.
10:51 am GSCT . : Holiday week though.
10:51 am GSCT . : Thanksgiving.
10:55 am GSCT . : Markets closing 1pm Friday.
10:57 am GSCT . : The red dotted one?
10:57 am GSCT . : Dashed
10:58 am GSCT . : That’s a busy chart.
11:23 am Mathew Waterfall : Long UWTI 21.3
11:24 am Curtis M : Long $UCO 9.77 200 share tight stop
11:31 am Curtis M : Out $UCO 9.67 loss looking fo re-entry
11:56 am Mathew Waterfall : ouch
11:56 am Mathew Waterfall : sold at 21.04
11:56 am Mathew Waterfall : yikes
11:56 am Mathew Waterfall : that was super weird
12:14 pm Mathew Waterfall : Just a heads up, on this move I got some really weird stuff from UWTI
12:15 pm Mathew Waterfall : Orders not getting filled or delayed
12:15 pm Mathew Waterfall : liquidity seems to be drying up
12:20 pm Sartaj Hundal : We are performing more fault tolerance and load testing today. Currently splitting users into sub-rooms. Broadcasting will not be interrupted.
12:22 pm OIL K K : Watching Oli Close now… this may be bottom for a while $USOIL $WTI
12:30 pm Deb Clarin : Thank you
12:38 pm Dean P : .
12:40 pm David C : OIL LOD approaching
12:51 pm Mathew Waterfall : In UCO 9.6
12:56 pm Curtis Melonopoly : Long $XIV 43.28
01:03 pm Curtis Melonopoly : Sorry 800 shares
01:35 pm Mathew Waterfall : out of uco
01:35 pm Mathew Waterfall : looking for retest on 10/20 on 1′
01:37 pm Mathew Waterfall : Or clear and hold of 200
01:37 pm Curtis Melonopoly : Out $XIV 43.43
01:48 pm Curtis Melonopoly : Long $SKLN 4.77 3000 shares
01:49 pm Mathew Waterfall : oil getting nasty
02:05 pm Curtis Melonopoly : Out $SKLN 4.54 loss
02:11 pm Curtis Melonopoly : $SKLN Long 4.81 2000 shares
02:16 pm GSCT . : SCON similar set up right now
02:21 pm Curtis Melonopoly : $SKLN out 4.90 looking for reenter
02:28 pm Mathew Waterfall : Im all out of my oil position. Don’t want to hold ON
02:30 pm Mathew Waterfall : I have a few in and outs
02:30 pm Mathew Waterfall : UCO originally was 9.6. Just sold when oil was at 48
02:30 pm Mathew Waterfall : Also traded straight /cl contracts
02:31 pm Mathew Waterfall : I trade off of the /cl price more than the price of the other instraments
02:31 pm GSCT . : You were Tweeting in your sleep.
02:33 pm GSCT . : 🙂
02:34 pm GSCT . : LOL
02:40 pm GSCT . : REN what a pop
02:42 pm GSCT . : Oil rocking now
02:46 pm GSCT . : Gold going south
02:47 pm Curtis Melonopoly : LOng $SKLN 2000 4.82 late alert
02:59 pm GSCT . : This is awesome.
02:59 pm GSCT . : 5000 SKLN Long for Curtis
03:00 pm GSCT . : at 5.12
03:05 pm Curtis Melonopoly : OUt $SKLN 5000 5.11 and 2000 5.09
03:08 pm GSCT . : Great play by play though
03:08 pm GSCT . : WIll that be a regular feature of the room?
03:10 pm GSCT . : Will you all be on mic?
03:15 pm GSCT . : High relative volume now SKLN
03:17 pm Mathew Waterfall : Taking some FB calls here Dec 9 126s for the gap fill
03:17 pm Mathew Waterfall : Decent consolidation today
03:18 pm GSCT . : You don’t sound old enough for retirement
03:19 pm Mathew Waterfall : Also reloading FH commons right here for a trip back to the 3s
03:21 pm Mathew Waterfall : Also looking at DUST weeklies for this week and next
03:24 pm Mathew Waterfall : I’m liking the low float bios here as well. In TKAI and ADHD
03:27 pm Mathew Waterfall : Short /ES. Think we see lower before we blast off higher. Nothing crazy but want to be ready for it
03:27 pm Mathew Waterfall : And that’s it for my end of day position dump lol
03:27 pm Mathew Waterfall : Yepp
03:27 pm Mathew Waterfall : likely to take TZA calls as well
03:28 pm Mathew Waterfall : probably cheap weekly lottos
03:29 pm Mathew Waterfall : I think oil can move higher, but these outsized moves in names like X and AKS need to take a breather
03:45 pm GSCT . : What was the tell on the washout? So late?
03:45 pm GSCT . : SKLN
03:55 pm GSCT . : And waht originally caught youtr atention to enter it?
03:55 pm GSCT . : what originally
03:58 pm GSCT . : Thanks.
04:00 pm Curtis Melonopoly : Have a great night! Big morning on deck. Algos tonight come out.

Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, $SKLN, $UCO, $XIV, $USF/JPY, $USOIL, $WTI, OIL

Nov 2016

Stock Trading Results (Green Portfolio Day) Post Market Monday Nov 21 $REN, $XIV, $UCO, $UWTI and more.

Post Market Report (Trade Results) $REN, $UCO, Chat Room, Day-trading, Stock Market, Stocks, Topics: Wall Street, Trading Results, UWTI, XIV Curt Melonopoly

Review of my Chat Room Stock Day Trades / Alerts for Monday Nov 21, 2016. $REN, $XIV, $UCO, $UWTI and more.

Intro:

Overview Perspective of Chart Room, Trades and Alerts:

Monday was a textbook tight trading day with the market showing signs of perculating (which Tuesday morning transpired). So Monday I was tight with my scalps and ran text-book scalp trades in $XIV, $REN and $UCO – went well.

Primary lessons I learned that may help your trades…

Monday actually was tight so there wasn’t any big lessons to learn… Tuesday however is a different story. I have an hour and a half video I am doing from the trading room (in edits now) of a trade I was in on the afternoon wash-out and snap-back on $SKLN that worked out well. Lots of technical details in that trade – look forward to posting the series of videos (about ten shorter length videos breaking up all the indicators and technicals I was working with).

Announcements in Trading Room:

None

Stock Chat-room Trading Transcript:

09:12 am Curtis M : Premarket Gainers $SPU, $TNDM, $DCIX, $EGLE, $AMCC, $MAGS, $SAEX, $YY, $OCUL, $WB
09:12 am Curtis M : Premarket decliners $TRVN, $PPC, $HALO, $CEMP, $SAFM, $CETV, $CXRX, $TVIX, $CSIQ, $VIIX
09:16 am Curtis M : First day back 18 hours in airport and flights so no premarket newsletter this morning..
09:16 am Curtis M : Watching $GOLD $SILVER $USOIL $NATGAS too
09:17 am Curtis M : Algo work will on all charts released over next 24 hours.
09:22 am Curtis M : DryShips Inc. Announces Agreement With One of Its Lenders http://www.marketwired.com/press-release/-2177368.htm … $DRYS
09:22 am Curtis M : SolarCity shares halted premarket pending additional information request from Nasdaq http://bit.ly/2gBHX4M
09:25 am GSCT . : Can you turn up the volume on your mic?
09:29 am Curtis M : $SPU $EYEG $COOL
09:30 am Curtis M : $USOIL $WTI 47.85 on back test – to confirm algo break-out
09:35 am Curtis M : BREAKING: Sunoco Logistics to acquire Energy Transfer Partners, the company behind the Dakota Access pipeline. $SXL $ETP
09:37 am Curtis M : $RIG $NE $SN Active
09:45 am Curtis M : China lowfloats $CHNR 61%
09:49 am Curtis M : $ORIG $CRC momo
09:49 am Curtis M : Offshore rigs likely run soon
09:50 am Curtis M : Watching 47.80 break-out in oil
09:50 am GSCT . : Great alerts this morning Curtis
09:55 am Curtis M : $AUDUSD proxy Silver
09:56 am Curtis M : $USDJPY proxy $GOLD Miners
09:59 am Curtis M : Scanning – back in a few mins
09:59 am Curtis M : Thanks GSCT!
10:01 am Curtis M : So small cap oil plays I will look at the day after a confirmed break-out over trendline resistance cluster 47.80 on intra FX $USOIL $WTI
10:03 am Curtis M : “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street”
10:07 am Curtis M : Looking for 47.10 – 47.20 entry on $UCO from oil price $USOL $WTI
10:08 am Curtis M : $ORIG $CRC $HK $TK $PBR-A $EVEP $NADL on the move
10:19 am Curtis M : $CRC $ORIG $UC are my main watches… watching $GOLD $GDX $USDJPY and $SILVER $AUDUSD
10:25 am Curtis M : High Short Interest – $CRC, $EPE, $WLL, $RES, $JONE, $AREX, $REN, $CLR, $HP, $ATW, $SGY.
10:28 am Curtis M : They’re going to squeeze oil shorts soon over that resistance at 47.80 on FX $USO $WTI – its just a matter of having a plan ready for tt.
10:29 am Mathew Waterfall : Like you I’ve been trying to be patient today. Took a couple stabs long /cl for small gains
10:30 am Mathew Waterfall : Also like CHK here with some calls, and still love WLL though trimmed a few this AM with that gap up
10:35 am susan woo : That JNUG’s going
10:35 am Curtis M : waiting on back test 47.80 patience looking at long $UCO
10:36 am Mathew Waterfall : there we g
10:36 am Mathew Waterfall : o
10:36 am GSCT . : Nice.
10:36 am GSCT . : Jetlag.
10:57 am GSCT . : It can pay 6 mos. in … 3 weeks of a move are you saying?
11:02 am GSCT . : Thank you!
11:16 am Curtis M : Going for morning coffee need 10 mins to regroup and get orders ready for afternoon session
11:21 am GSCT . : Amazing alert on REN.
11:23 am Curtis M : Long $REN 34.05 800 shares small account

$REN Alert to room for snipe trades on Monday Nov 23

$REN Alert to room for snipe trades on Monday Nov 23
11:29 am Mathew Waterfall : Thanks for the alert on that! PLayed in-out twice
11:30 am Mathew Waterfall : Paid for 6 months of your sub at least. I can’t afford not to be in the room lol
11:31 am Curtis M : Nice Mathew! lol good man
11:38 am Curtis M : Long $REN 34.43
11:40 am Curtis M : Out 34.615 $REN
11:56 am Mathew Waterfall : Seeing some call buying in UCO a few weeks out
11:56 am Mathew Waterfall : Decent size bets
12:12 pm Curtis M : Now we’re just wating for time of day on $USOIL $WTI for long positions – we may even get a bit of a wash-out with ol up 5.6% #OIL
12:26 pm Roy Kirk : what time of day are you referring to
12:27 pm Curtis M : Long $UCO 9.97 1000 shares small account in prep for afternoon waiting on $REN bulls
12:35 pm Curtis M : Holding $UCO for EOD and may take a small cap before pt close
12:39 pm Curtis M : FX $USOIL $WTI gets up over 48.38 and it’s rocket ride time
12:47 pm GSCT . : Odds of an intraday pullback oil? Stallking DWTI.
12:49 pm GSCT . : Fibre? My busiding was just hooled up.
12:49 pm GSCT . : building
12:50 pm Mathew Waterfall : Also have SPY on our side here so the overall market to move
12:51 pm GSCT . : hooked. Sorry for typos.
12:53 pm GSCT . : Downdraft unlikely?
12:56 pm GSCT . : I could see ti test the 200
12:56 pm GSCT . : it
01:06 pm Curtis M : Out $UCO 10.01 small win looking for reenter
01:10 pm GSCT . : What a move
01:20 pm Mathew Waterfall : WLL still seeing a ton of flow. Longer term play it looks like but solid so far
01:20 pm susan woo : Curtis, do you know ERF?
01:22 pm GSCT . : Very cool.
01:23 pm susan woo : EEF a great chart
01:24 pm susan woo : ERF I mean. Sorry fat fingers
01:24 pm susan woo : ERF I just played the swings, but missed this latest swing
01:25 pm susan woo : Also kept in mind that insiders bought around 3ish or something like that
01:25 pm Curtis M : ok
01:27 pm susan woo : Your charts look like Kankinsky gone amok:)
01:28 pm susan woo : Kandinsky
01:31 pm susan woo : CHK strong too
01:32 pm GSCT . : /NG feels highly manipulated
01:52 pm Mathew Waterfall : yepp Ive been trading it all day along with REN
01:52 pm Mathew Waterfall : popping right now
01:56 pm Curtis M : Mathew when you take orders in and out post em
01:56 pm Mathew Waterfall : OK
01:56 pm Curtis M : u guys all should
01:57 pm Mathew Waterfall : I’m likely done for the day. Good day and find I push too hard when up but if I take any more I’ll pot
01:57 pm Mathew Waterfall : If anyone wants the options side I can detials those more as well over and above what I already post
01:58 pm Curtis M : yes pls
01:58 pm GSCT . : Would like that Matthew
01:58 pm Curtis M : Mathew… you trade like I did when I was younger – aggressive
01:59 pm Mathew Waterfall : haha that’s a life theme for me
01:59 pm Mathew Waterfall : I
01:59 pm Mathew Waterfall : I’ll post new opening options plays and give a run down of my positons after the bell for anyone interested
01:59 pm Curtis M : thx
01:59 pm Mathew Waterfall : Here I think we actually see some profit taking which is what has me sitting on my hands
02:00 pm Mathew Waterfall : Poor lift on big volume means tons of sellers
02:01 pm Mathew Waterfall : I’ll take a stab at UWTI when the 20 crosses the 50 on the 1′. It will have a tight leashh
02:03 pm Mathew Waterfall : Bearish crosses on 1′ and bigger sell inventory. No trade for now
02:08 pm Curtis M : Low float stocks mving one after another FYI
02:08 pm Curtis M : I’m not in them
02:08 pm Mathew Waterfall : TKAI popping finally lol
02:09 pm Mathew Waterfall : picked that POS up in the .80s
02:10 pm GSCT . : Feels like a drop in oil here
02:10 pm Curtis M : $NSPR $CBMX $PZRX etc
02:10 pm GSCT . : Test 200 for sure
02:10 pm GSCT . : Just a gut feel
02:10 pm GSCT . : And some indicators too
02:11 pm Mathew Waterfall : In UWTI for a bounce
02:12 pm Mathew Waterfall : wrong under that recent low
02:12 pm GSCT . : Maybe drop and pit close pop
02:13 pm Mathew Waterfall : Out flat. Done for the day I think in OIL
02:13 pm GSCT . : 200 feels like it’s made of balsa wood
02:14 pm GSCT . : .75 on DWTI
02:15 pm GSCT . : Did not trrade but monitorred
02:16 pm Mathew Waterfall : Quick run down for those interested. I currently hold calls in: CHK, CLF, NE, PBR, UCO, WLL, XOM
02:16 pm Mathew Waterfall : I hold others but those are the energy related names
02:18 pm Curtis M : thx
02:19 pm GSCT . : I’m going to miss U/DWTI
02:22 pm Curtis M : $BAS large order flow
02:24 pm GSCT . : /CL can not hold
02:25 pm GSCT . : And now it can
02:26 pm GSCT . : There she goes
02:27 pm GSCT . : USO your preferred Oil play?
02:28 pm GSCT . : Tenuous here.
02:38 pm Mathew Waterfall : Maybe I missed it but it looks like BAS went chapter 11 and might get delisted. At least that was the fear
02:48 pm Curtis M : Long $XIV 43.41 800 swing acct
02:57 pm Curtis M : $XIV out 43.63
03:03 pm Mathew Waterfall : Late in day and holiday week. I would expect volume to be a bit light all week
03:07 pm Curtis M : Long $XIV 43.66 800 swing account
03:12 pm Curtis M : Out $XIV 43.75 didn’t get pop I wanted
03:26 pm GSCT . : Would love if you said what you’re looking at as I can’t always have your screen up.
03:26 pm GSCT . : Thanks.
03:26 pm GSCT . : LEt me know if I can help.
03:27 pm GSCT . : I soemtimes just have your audio going as I monitor.
03:27 pm GSCT . : You ahve a great voice for this btw.
03:33 pm Curtis M : ok
03:33 pm Curtis M : will do
03:41 pm GSCT . : Great calls and commentary today Curtis. Thank you.
03:41 pm Curtis M : Thanks for the great day!

Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, $REN, $XIV, $UCO, $UWTI

Nov 2016

Pre-Market Newsletter Friday Nov 18 ($GOLD, $SILVER, $USD/JPY, $IWM, $RWM, $FAZ, $USOIL, $GDX… more.)

Trading Plan $SCO, $UCO, $USOIL $WTI, Chatroom, Day-trading, DXY, Gold, Pre-Market, Silver, SPY, Stockmarket, Stocks, Trading Plan, VIX, Wall Street, Watchlist Curt Melonopoly

My Stock Trading Plan for Friday November 18, 2016 in Chatroom.

Welcome to the Friday Wall Street trading session!

Algo work – As of this Monday our new equipment will be up and running full steam so I’ve scheduled next week in the room (when market is quiet) for algo work – we’re running the algo updates now for $SPY, $USOIL $WTI, $VIX, $DXY, $GOLD, $SILVER – lots of updates coming for next week!

Firing up $GOLD $SILVER $DXY $SPY $VIX $USOIL $WTI algorithm charts. Updates between now & Mon on blog. https://t.co/gVwyx9OY6Q #inflection

— Curtis Melonopoly (@curtmelonopoly) November 17, 2016

Market Outlook

The world markets in my opinion are at an inflection point. Sure the S&P 500 may go to all time highs and the US Dollar may really rocket and the various indices and international markets such as Japan will all fly high and even the metals will get curb-stomped. All of that I’ve been tweeting for months anyway in advance – so no surprise. The question is how to navigate it, trade the pull-backs and then really PROFIT on the other side of the inflection.

$GOLD and $SILVER are almost at our algorithm’s price targets – so I will be watching these closely. Japan’s stock market is in break-out mode with currency etc. S&P 500 $SPY is in mode to break new all time highs (I called prior to election), $VIX looks like it will be much lower (per our calls), $DXY US Dollar is in break-out mode (our algorithm nailed that with calls that extend back months ago) and $USOIL $WTI is sitting a new up range but not in break out (I am sure it is waiting for meetings to conclude).

I will say that our algorithm calls for Crude Oil, the US Dollar, S&P 500, Gold and Silver all took significant heat at the time they were made over the last few months. Interesting times – but our algorithms were right in every scenario – so that’s very positive, as such we’re releasing the initial charting of the algorithms over the next week.

On the small cap equity side…. shippers have run their course it seems and China low float issues got jiggy yesterday as I expected they would. This play book isn’t new. Low float oil could be next.

On the ETF / ETN side $UWTI $DWTI will be de-listed soon… so I will be looking to other instruments to trade crude oil. More to come on that soon.

So my plan in general is to watch for pull-backs and turns as the inflection points hit outside ranges. More detail below.

Momentum Stocks (Market Open and Intra-Day)

I do trade morning momo stocks (at times), but I do avoid risk. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).

The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.

Morning Stock Watch-Lists

Pre-market Decliners Watch-List: $HIBB, $KTOS, $GOLD, $FSLR, $AMAT, $PAAS, $SSRI, $RYAAY, $MU, $UGLD – I Will Update Before Market Open or Refer to Chat Room

Pre-Market Gainers Watch-List: $SYUT 23%, $SMRT 16%, $DCIX 14%, $URRE 12%, $MRVL 11%, $DRYS $PIP $SHIP $FCEL $ESEA $SINO $GLBS $CRM $CBMX $UGAZ – I Will Update Before Market Open or Refer to Chat Room

Other Watch-List(s): Indices: $IWM $RWM $TZA S&P 500 $SPY ATH, International: Japan Stocks $DBJP, Currencies: $DXY $UUP Break-out $USD/$JPY $FXY, Financials: $FAZ Inflection Point?

Other Watch-List(s):

Regular Watch-List: Gold $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F), Natural Gas ($UGAZ, $DGAZ), S & P 500 $SPY ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)

Stay tuned in Stock Chat Room for more pre-market stocks on watch.

Regular Trades:

S & P 500: $SPY ($SPXL, $SPXS)

My bias is still to all time highs, I will be looking for long positions on pull-backs. I see a run in Gold, miners and Silver soon then a pull back and then a big run.

Volatility: $VIX ($TVIX, $UVXY, $XIV)

I expect volatility at market inflection points and then continue to get crushed and I will likely follow that trend with $TVIX $UVXY $XIV buys at range pivots / pending price action, volume and other geo events.

$VIX Is an all time low possible? pic.twitter.com/SS8fJOAi5x

— Curtis Melonopoly (@curtmelonopoly) November 18, 2016

$VIX Diagonal trendline breached 151 AM Nov 18, 2016 pic.twitter.com/uClvvqXfNT

— Curtis Melonopoly (@curtmelonopoly) November 18, 2016

Currencies Etc: $DXY US Dollar Index ($UUP US Dollar Bull, $UDN British Pound, $USD/JPY, $FXY Japanese Yen Trust, $CNY China, $TZA, $SMK / $EWW Mexico Capped ETF)

The US Dollar continues its rally so I’m looking at $UUP on pull-backs. Also looking at how the $USD/JPY relates to possible long in Japan with $DBJP.

FX USDY/JPY Simple lines pic.twitter.com/Lohr7Qgxrk

— Curtis Melonopoly (@curtmelonopoly) November 18, 2016

$DXY US Dollar in break out. Things could get interesting if it continues. pic.twitter.com/OOxIOau01z

— Curtis Melonopoly (@curtmelonopoly) November 18, 2016

I am also watching the Peso and Trump’s messaging… also watching $FXY and $USD/$JPY for clues with Gold and Miner’s.

Gold: $GLD ($UGLD, $DGLD). Miners: $GDX ($NUGT, $DUST, $JDST, $JNUG)

For me Gold and Silver is going to be the big story soon. It should start to get some lift if only for a short time and that process may go on for a while – so I will snipe as that occurs. I have started to chew around the edges with tight trades but nothing yet. The idea is to get on the winning side of the reverse when it occurs. Watching $USD/$JPY close and $DXY and $FXY for clues on Gold and miners movements.

$GOLD Almost there. $GLD $NUGT and select small caps on deck soon. #patience #stocks #daytrading pic.twitter.com/uEjPLkwn2J

— Curtis Melonopoly (@curtmelonopoly) November 18, 2016

$GOLD 530 AM EST Nov 18, 2016

Other equities I like for Gold Trade: $AUMN (penny stock)

Silver: $SLV ($USLV, $DSLV)

As with Gold I’m awaiting buy trigger on Silver – here again I will chew around the edges sniping until the reverse trend occurs.

$SILVER. Almost there. $USLV and various small cap names will be my friends soon. pic.twitter.com/wa0CdL7sKw

— Curtis Melonopoly (@curtmelonopoly) November 18, 2016

$SILVER 548 AM November 18, 2016

Other equities I like for Silver trade: $AUMN (penny stock)

Crude Oil FX: $USOIL $WTI ($UWTI $GUSH $ERX, $DWTI, $DRIP, $ERY, $USO, $UCO, $UCO, $SCO, $CL_F)

First things first, $UWTI $DWTI are being de-listed (on Dec 9 I think?), anyway, that will cause me to choose a new instrument. I liked the idea of the 3x leveraged – I have a sneaking suspicion someone else will fill the void in short order anyway – but in meantime I’ll find other instruments. I really think the big story soon is going to be Gold and Silver anyway – so my bias is turning in that direction for daytrades anyway – but I’ll always trade oil.

In the short term we do have to be ready for rumors or even real news out of the oil meetings so I’m ready for that.

Other Equities I like for Oil or Energy Trade: Tape / Chart – $ETE, $RIG. High Short Interest – $CRC, $EPE, $WLL, $RES, $JONE, $AREX, $REN, $CLR, $HP, $ATW, $SGY. Fundamentals: $EOG, Pipelines – $XLE: $HEP, $SXE, $KMI, $DPM, $TGS, $ENB, $EEP, $PTRC, $HGT

Natural Gas: ($UGAZ, $DGAZ)

Natural gas… I’m not comfortable with at this time… I want a trade with at least 4 to 1 probability.. at least thats the plan – and with natural gas it seems hard to get better than 50 50 – but we’ll see.

$NATGAS I continue to watch but no play. pic.twitter.com/fOKTRVkEQC

— Curtis Melonopoly (@curtmelonopoly) November 18, 2016

Other Sectors, Indices, International Etc:

Watching $RWM Russell 2000 Short

$RWM On watch for a snap back. Russell 2000 Short pic.twitter.com/H0Mg6RVEdE

— Curtis Melonopoly (@curtmelonopoly) November 18, 2016

Watching $SPY Long to All Time Highs

$SPY In addition to my $DXY $GOLD $SILVER call heat. .. took a lot of heat pre election on my $SPY ATH calls… algos be hitting em🔥. pic.twitter.com/JYmdkauYxw

— Curtis Melonopoly (@curtmelonopoly) November 18, 2016

Watching Japan Stocks $DPJP

$DBJP Japan Hedged Equity ETF Simple Lines pic.twitter.com/yp2N9SOpjn

— Curtis Melonopoly (@curtmelonopoly) November 18, 2016

Watching Aluminum Long $FOIL

Study:

Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open super-nova type plays (you need a good momentum scanner for the first 30 mins of trade)… but are very useful for intra day scalping (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).

http://finviz.com/

https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6

http://www.highshortinterest.com/

http://www.gurufocus.com/short-stocks.php

http://www.3xetf.com/all/

http://www.etf.com/channels/gold-etfs

GL!

Curtis

Topics: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom

Nov 2016

Oil Trading Chart Blog Update Nov 16. Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F)

Crude Oil Trading Algorithm (EPIC) $CL_F, $UCO, $USO, Algorithm, Charts, Chat Room, Crude Oil FX: $USOIL $WTI ($UWTI, DWTI, Indicators, Stocks, Trading, Wall Street Epic the Algo

Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F) Chart and Algorithm Observations

November 15, 2016 EPIC the Oil Algo Oil Report.

Welcome to my new FX: $USOIL $WTI oil trade report. These reports will become more and more detailed as the days and weeks go forward.

How My Algorithm Works and Availability:

I am an algorithm in development. My math is based on traditional indicators (many – up to fifty at any given time) and simple math calculations relating to price, volume, Fibonacci, simple pivots and other factors. I do not yet have AI or Geo integration – only math. Below you will find my simplified view of levels that can be used on a traditional chart to advance a trader’s edge (both intra-day and as a swing trader). My algorithmic charting is going to developer coding phase early 2017 for our trader’s dashboard program. I am not an automated bot or high frequency type algorithm. Please review about my algorithm process and about my oil algorithm story. My charting and alpha algo targets / algo trenlines are free to the public until Dec 1, 2016 and after Dec 1, 2016 will only be made available to subscribers here. Below you will find the “basics” and commencing Dec 1, 2016 my subscribers will have access to all the information I use and all the advanced charting I produce on an intra-day basis.

At time of writing FX $USOIL $WTI is trading at 45.33 (4:2 AM ET Nov 16, 2016). Some thoughts to advance you trading edge…

Crude algo intra work sheet 422 AM ET Nov 16, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

Overview

I have not updated and posted new alpha algo targets (red circles on charts) and alpha algo trendlines (red dotted lines on charts) because crude oil has confirmed my previous posts warning of a time / price cylce termination and change in price direction. See my Twitter feed for posts on this subject.

My last two blog posts explained what to look for in this possible new crude oil uptrend in price – please review them.

In recent trading the uptrend has been confirmed by price pinching out from between the two alpha algo lines, breaching the 200 day on the 1 hour and significant diagonal trend line resistance (blue lines) and horizontal resistance (purple lines).Thicker lines are more important (typically proven through previous time / price cycles).

AT TIME OF WRITING HOWEVER, PRICE HAS COME BACK UNDER THE IMPORTANT TRENDLINE SUPPORT – WATCH THIS CLOSELY (see chart above).

So there are TWO STEPS now for ABSOLUTE CONFIRMATION for my algorithm to produce new alpha targets (which is my best contribution to a trader’s edge)… they are 1) regaining that trendline support and 2) the test of time and price at Tuesday 4:30 PM (done), Wednesday 10:30 AM and Friday 1:00 PM EST.

Understanding how price reacts to those diagonal trendlines is critical. Please refer to my last two oil trading blog post explaining how these diagonal trendlines affect the trading price of crude oil. Price action at diagonal trend-line resistance determines another leg up or establishes resistance.

Pivots and Fibonacci

The next set of indicators my algorithm use are pivots and Fibonacci, I will introduce these to these posts over the next few days.

Alpha Algo Targets, Algo Trend-lines, Algo Timing

Algo targets are the red circles – they correspond (at these pictured) with important times each week in oil reporting land. Tuesday 4:30 PM, Wednesday 10:30 AM and Friday at 1:00 PM. The red dotted diagonal lines are the algo trend-lines. And the vertical dotted (red or green) are marking the important times each week. You will find that the price of crude will hit one of the alpha algo targets about 90% of the time. Understanding how the price of crude reacts to the algos and why they move from target to target is critical for intra-day and swing trading oil. We will cover this in much more detail in the trading room and we will endeavor to start posting video blogs on You Tube etc soon for swing traders that work during regular trading hours.

Also… we will cover how to establish algo trend-lines and price targets future forward (as you have seen me do on my Twitter feed for some time now).

Conclusion

As it applies to my algorithm, crude is now in an uptrend and will be further confirmed this morning at 10:30, tomorrow at 4:30 PM and last Friday at 13:00.

You can expect new alpha algo targets for those times and alpha algo trendlines at latest Friday from my algorithm.

We will also cover more indicators (including intra-algo trading quadrants, traditional pivots, Fib and more) soon!

See you in the live trade room and if not stay tuned for our videos recapping what happens in the room!

EPIC the Oil Algo

Article Topics: Trading, Stocks, Wall Street, Chat Room, Algorithm, Charts, Indicators, Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F

Nov 2016

Oil Trading Chart Blog Update Nov 15. Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F)

Crude Oil Trading Algorithm (EPIC) $CL_F, $UCO, $USO, Algorithm, Charts, Chat Room, Crude Oil FX: $USOIL $WTI ($UWTI, DWTI, Indicators, Stocks, Trading, Wall Street Epic the Algo

Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F)

November 15, 2016 EPIC the Oil Algo Oil Report.

Welcome to my new FX: $USOIL $WTI oil trade report. These reports will become more and more detailed as the days and weeks go forward.

How My Algorithm Works and Availability:

I am an algorithm in development. My math is based on traditional indicators (many – up to fifty at any given time) and simple math calculations relating to price, volume, Fibonacci, simple pivots and other factors. I do not yet have AI or Geo integration – only math. Below you will find my simplified view of levels that can be used on a traditional chart to advance a trader’s edge (both intra-day and as a swing trader). My algorithmic charting is going to developer coding phase early 2017 for our trader’s dashboard program. I am not an automated bot or high frequency type algorithm. Please review about my algorithm process and about my algorithm story. This charting is free to the public until Dec 1, 2016 and after Dec 1, 2016 will only be made available to subscribers here. Below you will find the “basics” and commencing Dec 1, 2016 my subscribers will have access to all the information I use and all the advanced charting I produce on an intra-day basis.

At time of writing FX $USOIL $WTI is trading at 44.78 (7:09 AM ET Nov 15, 2016). Some thoughts…

Overview

My last blog post explained what to look for in this possible new crude oil uptrend in price – please review it (there is a link in this article below).

In recent trading the uptrend has been confirmed by breaching the 100 day on the 1 hour and signifcant diagonal trendline resistance and horizontal resistance.

The only step left in ABSOLUTE CONFIRMATION for my algorithm is the test of time and price at Tuesday 4:30 PM, Wednesday 10:30 AM and Friday at 1:00 PM (all eastern).

Within 72 hours I will begin posting updated algo targets and trendlines to my feed.

Diagonal Trend Lines (Blue) – Price

Thicker lines are more important (typically proven through previous time / price cycles).

There is a diagonal trendline at 45.61 intra day that runs above the current price (in blue with light blue arrow pointing at it) – it is a real important TL line (thick) because it extends from previous time / price cycles.

Resistance, Trendline, $USOIL, #OIL, $WTI

Overhead resistance. Diagonal Trendline (blue). Crude algo intra work sheet 657 AM ET Nov 15, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

Why is this important? This is important because when crude oil trades in upward moment if it breaches resistance above a diagonal trendline it will almost always go to the next diagonal trendline before failing – when it fails at a diagonal trendline it then continues process back down or consolidates in a range. The opposite is true on it’s way down (see my previous post showing this up and down in trend on chart). THIS IS VERY IMPORTANT.

I have detailed (in blue arrows) the overhead trendline resistance points intra for you (blue diagonal lines) on an intra-day basis below:

Overhead Trendline Resistance (blue arrows). Crude algo intra work sheet 718 AM ET Nov 15, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

Understanding how price reacts to those diagonal trendlines is critical. Please refer to my last oil trading blog post here explaining how these diagonal trendlines affect the trading price of crude oil.

You also have a diagonal trendline below intra-day at 42.70.

You also have various horizontal trendline supports and resistance on this chart (purple), but as it trades intra-day none are significantly strong. The thicker they are the stronger they are (extend back to previous time price cycles)

Price action at diagonal trend-line resistance determines another leg up or establishes resistance.

Pivots and Fibonacci

The next set of indicators my algorithm use are pivots and Fibonacci, I will introduce these to these posts over the next few days.

Alpha Algo Targets, Algo Trend-lines, Algo Timing

Also… we will cover how to establish algo trend-lines and price targets future forward (as you have seen me do on my Twitter feed for some time now).

Conclusion

As it applies to my algorithm, crude is now in an uptrend and will be further confirmed this morning at 10:30, tomorrow at 4:30 PM and last Friday at 13:00.

You can expect new alpha algo targets for those times and alpha algo trendlines over the next 72 hours from my algorithm

We will also cover more indicators (including intra-algo trading quadrants, traditional pivots, Fib and more) soon!

See you in the live trade room and if not stay tuned for our videos recapping what happens in the room!

EPIC the Oil Algo

Article Topics: Trading, Stocks, Wall Street, Chat Room, Algorithm, Charts, Indicators, Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F

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