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Now that we've put some time in at this area I'm looking for a 3rd leg down to around 92. I plopped down a bunch of regression channels from key weekly and daily points and we are right at a point that might be viewed as support but the fact that we can't hold 98 makes me feel more confident in...

The Amazon facility here in Middletown DE is gearing up to start printing actual books on behalf of certain publishers to help shave off some of the cost that goes into physical books. I personally hate e-books if I'm just reading for pleasure and agree that the prices are outrageous. I do...

I ain't gonna lie I'm pretty much flat now except for a couple lotto tickets I'll hold on to just in case the dollar really rockets and this thing tanks. This last two months from around 106.40 to now I have made the most money I have ever made trading the CL and I've been doing this for a...

This isn't exactly tanking but still funny.

I also had that level in mind as the pivot to take us to 104.50 or the resistance to turn this into a longer term down trend. If we close above 102.80 my plan says I have to get less short and no adding to the short until 104.50. So what will happen is it will close at the highs I'll get...

Are you targeting 95.72? I am :) and if we go to 104.50 I'll get even more short. It might take a week or a month either way I've got a plan. C'ya in August. I'll be back to gloat :D

I think if we close below 102.80 bears stay in control above and that old ledge at 104.50 is in target. I'm doing nothing, so far price and theta hurting and IV is helping. If at 3pm we are below 102.80 I'll sell some 104 calls.

I'm getting long vol and slightly short on price again. The dollar seems to be breaking out and I'm just going to ignore today's inventory #s

IV is actually down from this morning :confused:

98.80, 74 looks interesting if you're a fader. There is a nice cleavage and vpoc in the area.

I should have held that bearish straddle through this week :( IV index finally above 20.

I think we will go to 102.30 before we go to 99 because that would be the most annoying that could happen.

Do you apply certain enineering principles to trading? Can you describe your theory without giving to much away? What inputs are you using to find trade ideas? You sound driven so I'm sure you'll find a way to adapt to ever changing conditions.

I'm limping in long here and will add 1 if we get to 100.20

I sold all my bearish straddles today since (102.80 was my target) for a fraction of what I would have made if I just went short since IVhasn't done shit. I wanted to get long at 101.70 so that kind of sucks that I wasn't paying attention. So now I just wait for the next setup.

I think I'm liking the Sept 107 or 108 straddles (bearish) and if it looks like we're gonna close above 106.40 I'll start selling aug 104 puts. We've been stuck in the area for 10 days which makes sense with all the conflicting info but eventually one side will prevail.

Hmmm API tonight had a build of 4 million vs est of -2 million, gas and dists were close to est. IV index up 2% or so maybe some Iraq bull shit going down.

I was also a bull above .40 but right now I feel clueless. I'm targeting the old triple top and if we get below 105 102.88 should come quick.

Buy stop @ 106.41 please fill and lets see what happens

Looks to me that break of the short term triple top should give us the juice to form the big picture triple top then if that breaks hello 130. But either way we still have an easy 4 bucks on the upside. If we get a close below 104.50 then I know I'm wrong or whip sawed.