We are building Positions off the Pit Pivot @ 6554.
AM Session Pit Close was 6590.
Sells adds to 67s for Full Position.
We have been trading 5 Cts for range w/ 763+ Ticks
as of now and will continue to trade 15min - 2Hr candles.
We anticipate a run to 6590 once again and hopefully up
and over 66, IF not it is an ST Failure.
CL rarely makes Large Pullbacks when it runs to targets, the
Algos simply want their fill as quickly as possible.
RB is dying in the Mud of late off 2.32s, it is not helping as
it usually does.
Price is trading above the .382 of the Larger Daily Draw @ 63.63,
so patience required as they will push it as far as they can outrside
of parameters.
We're splitting the Diff there and have a tight stop above.
Scalping 5 keeps a margin for error firmly in our BANK.
You may use MCL x 50 as a hedge as well, but we are not letting go
but accumulating SELL SIDE on everything - this was the Throw Over
we suggested was dead ahead :)
mhmd3891
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7 hours after EST time, now 9 pm in my city 23 August
HK_L61
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@mhmd3891, There are 2 Price Points where the Open Outcry System has used forever.
They are .55 and .85
When .85 fails to trade, I sell. We sold 77 x 5 and closed again at 60
15Minute Bars provide further Wedge failure confirmations.
SO now you watch .55 for quick and dirty reversal... it may it may not.
we always take profits ahead of .55 by 6 ticks this time I grabbed one more.
so we are ahead well over 800 Ticks on the day....
you can do this as well.
HK_L61
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@HK_L61, Currenlty focused on NQ for FILLs to 363 :)
CL is good for today, we're done.
Build a buffer for higher fills. Presently we are B/E on 6K with
$8.337 Net gains to offset any pain there :)
Cushions are good to have as the BOTs can go wild at any time.
69.36 TGT
Hedge up for Full RT on Weekly.
We are, Net we remains 457 Ticks ahead on Hedge.
Sell Side was closed on 66.61 from further entries.
66.61 reaction remains KEY.
We currently Hold 7K CTs
-HK