EURO

First target marked above. keep it going. Massive leg start

Feb 8th Nightly Review

ES should get smoked. Im short from 90s with targets marked below. 79 is the first goooood target.

If CL gains this 52.70 it'll get 53.03-53.10ish then above that levels are marked to short. Not playing longs in CL because its going to get REKT. I think we see an elevator down move to UNDER 50.71 from one of the levels marked above. Big tings coming

Feb 8th update

Im positioned for a 10 point drop in ES. over 92 its a no go...

CL hit the first big level on the pop. I still think it may get 53s

Feb 7th

CL hitting massive leg start this evening and already popping. Lot of down momentum so it almost certainly test the low overnight and possibly make new lows. As long as the 50.71 low holds I can see this ripping back to 53s. 51.7s, 52.2s first targets.CL might get a lil crazy this week especially at inventories tomorrow. Focus will be on CL tomorrow.

CL update #2

CL stop to breakeven. Shouldn't lose .22-.24 now

ES update

ES gotta get hit hard here. Small risk good reward.

CL GOTTA GAIN .24 NOW

CL update

CL low of day must hold and gain .22-.24 for .50s. not sure if we get it here. Gotta happen soon

Feb 6th

GBP I am long, Its been accumulating all day and hit a good level of support gained today from last weeks low. pretty much on the low tick so far from LOD tonight. Yellow line is first target, what the high were selling from gained, and Weekly open/close aka support lost. Could rip up there pretty quick.

CL I'm long with stop at 52.90. targets highlighted above, first zone is what we had to gain to get to the high at 54.34 that we sold from. Also support lost on the current move.

ES levels have been working nicely. Obvious Bear bias with some levels marked that will react below (79,72,55-57). Not sure if we are able to make new ATHs or not, but if we do make a new high into 2300 it'll get smacked hard.

Feb 3rd

Short ES, adding on new highs up to 94.

Also loading up CL at 54.7-.8. should be a good one.

Stop at 96.

Feb 1st update

Big big resistance coming up in GBP. Textbook setup for a short. Will probably hit overnight so I'm setting shorts. First target will be what the low gained from yesterday. Under that low satisfies trend.

ES still bearish on the daily timeframe. However, if this low holds (around 65) we could see a pop to 81 or higher. I do not think i will be playing any longs though. The trip to 42 and 33 could happen fast.

Feb 1st

6B hitting the significant resistance we've been waiting for. Im short.

Short ES with add-ons set. First target around 68, but ultimately looking for much lower.

Lots of CL resistance above. Looking to get short with new highs.

ES intraday

Long ES ONLY because if this low holds and gains 68/70 we should go over 76. only risking 1-2 points.

EURO V2 and 6B

Euro weekly resistance incoming on next intraday high.

Update 10:57 am:

GBP hitting goooood target. shorting here. also short euro now.

Jan 30th update

6B hitting the spot it needs to gain to get to our targets. keep it going!

CL unsurprisingly getting held up at 52.30s. Longs set just above 52

Shorting es 73/75 as this dump will pop off the low it made but i think it gets faded.

Jan 30th

Currently long the GBP. Gain this first level were approaching we should zip up to the first good target at 1.2595-1.2605

Looking to be short the ES at the levels marked above. Doesn't feel safe to try long at all yet. With that being said, also trying to be a tad cautious with early shorts as we can go test what ATH lost at 92ish.

I think we've exhausted the 52.35 leg start with our low today in .40s. Too bad we didn't see .30s today as thats where i was trying to buy, but thats my mistake for trying to get a perfect fill. I don't expect todays low to hold or 52.3s anymore, but I'm trying to get long at the levels below.

Jan 26th

Crude doing what i suspected. Should be an easy buy up to 54.20 and 54.7 from here. 53.7s I'm buying keeping a tight stop. Seems like the highs are finally ready to give after exhausting them all day.

I don't care at all what ES does. Ill only play it if we get back into the 70s and lower. those are some levels, big ones in color.

GBP could not have worked better today. red line was from last night. Green line is another short (support that todays high lost) with a stop above the high. GBP gets murdered to new lows under todays lows if that green line holds.

Euro approaching big support with pops to slow down the momentum. highlighted zone is big but we're coming down from a big daily/weekly level so it might not hold. if it doesn't hold look out below.

Jan 25th

I have a feeling CL is going to make a run for that untested leg start at 54.7. Im bearish oil on the larger timeframe but for now its holding support gained and exhausting the highs in this mid to upper 53 range. Sitting on hands for now

The pound is approaching a big leg start. Get your shorts ready...




ES I'm staying away from. Lost enough money this week shorting it. Bias kills

CL short level approaching

CL approaching HOD support lost and leg start that got us to our low this morning.

EURO

6E hitting sup lost from December high. Has some context to the left as its been a level gained to get to that dec high. After the selling we saw tues-thurs last week i can't really pass up taking a stab at it here. won't hold past 1.0777

Sunday, Jan 22nd

ES with an early start.. Looking to get in short on a pop to 63s, must be short under 66s.

If we can hold fridays high and the support it lost (53.50) this will be a nice little short to at least 52.8s.

Jan 19th Overnight trades

My charts won't upload... not entirely sure why. However I am short the ES at 64.5. We satisfied the pop from 53-54 with the high over 2265 into this mornings support lost from the high. I don't expect over 66-67.

Targets below are now 57 (what todays low gained) but once thats exhausted we should finally see low 40s.


CL i still think we can see 53.4s, however we'd have to gain 52.3s and then 52.5s which could be nice overnight smack spots to 51.5s...

Jan 19th

Currently short CL from overnight. First target is what yesterdays lo gained around 51.90. Next is new lows into 51.5s.

Currently short the ES, stop at 68.5. 70s next is above, targets marked below.

Over 53.05 satisfies the pop on Crude, stopped on my short and looking to short above around 53.4



Stopped on original ES short.. Shorted new high into 68s. Glad i didn't wait for 70s!

Update Jan 18th

Waiting on ES to dump. Targets marked below

Also waiting on GC to reach targets below... Yellen should speed things up.


As for CL, looking to fade it around 52.50-.60 if we can pop it that high. 51.5s is the ultimate target for any short.. then 51.10 area

January 17th

So ES as most of us know is distributing pretty hard. Right now for the overnight trade if holds right around where it is now (63s) it should be ok to continue to the untested levels below. Low 50s will get liquidity, then 42-45 (especially with a new low under the low that got us to the high at 73.5 were selling from). low 30s is the leg start that got us to ATH and the ultimate target for this short for now.
Currently Short the ES.

The Pound made a new low today on the daily/weekly satisfying trend and boom huge pop. Its been accumulating on the daily since july '16 so when it made fresh lows the buying stepped in. It closed right at a leg start, and we can expect a smack. However it has strong momentum to the upside, and will probably make a new high over this leg start into the next resistance. Ultimately its targeting a new high over the december highs, but we'll see how it approaches the leg start around 1.2700
No Position. Might smack it before i got to bed but she's strong.

CL is distributing HARD for a big dump coming. Especially with rollover this week and OPEC whatever going on its gonna be wild. I really don't want to be long unless its a scalp, and will be shorting 53.7-54. If we gain that level were gonna take a run for 54.7 the leg start. That'll be a fun level with stops above the high.
For now no position except short orders for overnight.

Goal of This Blog

I created this blog to further my understanding of the market, kewltech, and progression. The hope is that I can post my charts with analysis here to display my trading plan with a chart and a description. This will build confidence in my analysis, as well as creating a space for me to go back and see where I went wrong or right.

I'm not sure if this blog will be helpful for me, or just distracting. I will update it every night, and in the morning (if an update is needed), as well as around 12 ET during trading hours.

Writing has always been my weakest subject in school, so lets hope I can explain my thoughts correctly and intelligently!