CL Trade 15 Sep

2216h EST lost 106 ticks on CL. I am looking what really went wrong with the setup. It seems like Range 13 on CL is too small because CL moves are quite large. Yesterday’s range was small and Range 13 worked well. Besides, I was complacent in my management of risk. I should have taken money off the table went I had the chance and re-enter if I’d believe it would go up. Stupid of me.

I searched for the next prime numbers and came up with 17, 19, 23 and 37. I have found that a larger frame would help see what would be the real trend. So 23 and 37 made better pictures.

It made the 88.6% retrace much clearly on the Range 23 chart. Meets my target at 61.8% extension which is also the 261.8% extension on the Range 37 chart.

CL Trade 14 Sep

2318h EST Took 58 ticks from Crude. CL is fast an volatile with many entry signals. I am liking this instrument. Drives like a fast car and not forgiving if you are a poor driver.

The 61.8% price projection after a retrace of 50% or more.

Interesting action on CL, Sweet Light Crude

0326h EST Just the start of the day, it made an 88.6% retrace and headed for the 61.8% extension. Bounced a little after that and down again to the 161.8% extension. After that it rockets to the 78.6% retrace of the whole move.

I am seeing this quite often on CL.

TF Trade 11 Sep

0233h EST A little late in selling this divergence in TF. This is the new contract rollover; 12-09. The yellow line is the divergence.

Looks like I am wrong!

0546h EST Wow! Gold just hit 1008.2. The markets just went crazy. S&P looks like they will retest 1031-1032 highs again today. This is very early. The bear is definitely in slumber and Dow might hit 9556.

Market analysis 8 September

1134h EST It’s been a long time. I have been busy moving my residence. Setting up my servers and workstation.

I have not seriously studied the markets for some time. In between, I did make some hunches for my Range 13 tick chart and the Golden Mean. It seems like my theory works out. Take a look at these charts and you will see what I mean.

This is ES(S&P). When a retrace that is more than 50% is closed, Just draw the fibs with the extensions to 61.8%, 161.6%, 261.8% etc. A pattern that is clear will emerge. At all the Golden Mean Numbers, a bounce is likely to occur. The market will likely try to retrace to the previous GMN.

YM(DOW), is much more obvious one these bounces.

This is the DAX.

This is the EUR/USD pair.

I would not bet that it will retrace to the previous GMN but counter-trend traders would like this as a tool. But if going along with the trend, at least you know where you can look for discount buys or sells. At this point I believe we will have a retrace on the S&P to the previous GMN 1014 thereabouts. I believe we will try higher to 1046 then possibly 1079 before the Bear in hibernation awakes.