CL VP charts

for 5/10/11 Tuesday:
- Overnite session: low/high 101.55/102.69 , recovered to 102.0
- peaked at 103.40 , and touched 103 again on Monday
- pay attention to Histogram, 80% of volume between 100 and 101.50 , and lower also
- this may be reason why overnite is trading around 101.75 ( needs research of similar volume situtations only spiked less than 2% of vol. last 30 minutes ..)
- see with QCollector if we can collect easily for Metastock format and use for Amibroker that should do lots of good with AmiBroker
a).. VSA volume spread analysis.. b) our own queries .. give 5% down week , trade Monday Open buy close: sell , see results ..


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5/9/11 Monday:
what happened:
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- over nite CL played from 98 to 99.50 , I played low risky ones and gained 120 ticks ..
- overnite CL showed very bullish , raising for samll EURO spike , but not dropped as EURO drops..
- Morning with S&P spike around 8 am ( our time) spiked from 99.50 to 101 ( got short here and gave 150 ticks
- last 15 min. spike taking HOD2 on High volume , could not visualize played few shorts and lost 20 ticks..

0) did short at 99.55 with NO STOP and 'no good access' big mistake, in few minutes closed at 101 for $1.5 points ... big mistake .. doing with out understanding the day. Also who night it showed action is very positive for CL even when EURO is dropping , could have understood the BULL nature ( esp. after Friday last 15 min SELL of TRAP ).
- This is execution Error ( no stop Risk/reward bad ..)
- Even trade setup not understood
Missed
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a) missed next how to trade 'Bull flag channel' afer 99.50 to 101.20 due to no Time and machine ..
b) missed the last 15 min. spike taking out earlier 102.49 with Huge volume. This is counter to what Hedgies did on Friday close last 15 min. ( doing $2 dump) to condition people for Monday TRAP of shorts .

1) I did not follow the notes made a day before ( esp. no short on morning .. )and paid price , need to follow strict notes ..
2) see S&P, EURO charts with CL always. With out looking S&P chart I did not know why CL had HOD1 , but after looking we have same spike in SP
3) need to draw HOD1 , HOD2 line as the day go , these lines help to see acting as S/R as day goes by
4)see Lines on Volume also , they helped to see break out are they real or NOT
--
http://www.elitetrader.com/vb/showthread.php?s=&threadid=178741&perpage=40&pagenumber=538
These Hedgies told us ahead friday ...
http://www.elitetrader.com/vb/showthread.php?s=&postid=3176733#post3176733

Now we know why these Hedgies Sold/short friday last 15 min bringing it down $2 by keeping quiet when the price was 102 level on Friday ..

- If they really wanted to sell OIL 102 level is the time on Friday not 98 level of last 15 minute pit session , so that SELL has purpose that is ..

-- Those extra shorts on friday last 15 minutes is to TRAP NEW Shorts today big way ... , plan executed well by Hedgies ..

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That blue arrow bar changed every thing
- taking out earlier HOD on High volume ..


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On both charts FEB is for 2/2011 , MAY is for 5/2010
- MAY 2010 may more match ( than FEB 2011 ) this MAY 2011 because
- a) same month seasonals b) 5/2010 pattern of peak and fall better suits 5/2011 than FEB/2011 down pattern.
- Monday holding Friday lows and is UP day: 2/9, 5/10
- Thursday POP : 2/12 , 5/13
- Friday down : 2/13 , 5/14

- For both Friday was down day , knowing this on Friday 102.20 would have been great short and hold for $3 , and also last 15 minute I would have got $2 drop

moving forward: 5/9 week
a) based on both above charts Monday will hold Friday close LOW
- so there should not be big $2 drop in London session check ( if there is BUY opty? )
- no Short on Monday morning session , it may go from 98 to 101/102 at least so try to buy at 98 level with tight STOP
( support for this: goldman and other guys call saying it may limit downside since we had big sell of )
- check EURO and Equities monday and also see 5/2010 ES and EURO ... how
- All 3
- EURO up may 2010 5/9 - 5/13
- http://yhoo.it/mB1iHH">SPY
- http://yhoo.it/kc4AvN">USO


other Indicators on 5/3/11 week SELL OFF:
a) goldman sachs sell call 2 weeks ago
b) mayday , mayday forbes colum of MAY 2010 similarties to MAY 2011
c) on Monday Silver dropped 7% lot after huge runup
d) Hedgies gave last gasp to 114.85 on Monday ...