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Yeah, other than the trading hours you're right. It's nice here. And it beats the hell out of all the cold weather in so many places. :) And I did mean constant activity. I need to work on doing more overnight trades like you did. At least it was night for me. :)

Nice trade again. We'll see what the inventories are in an hour and then see where this is headed.

Sorry you're not feeling well V. I'm in Santa Barbara, CA. Got up at 4 AM. Crazy. Won't be doing that much as I used to trade for 15 hours a day. Don't ever do that. You'll ruin your health. ADD The hours here are the worst part of all of this for me. Europe would be perfect hours. Even...

Yeah, really. :) I think I saw this morning they're estimating an increase of 600k barrels. Just checked but couldn't find it.

The U.S. Energy Information Administration will report its crude inventory figures on Wednesday at 10:30 a.m. EST (1530 GMT).

API Inventories were up 3.8 mil barrels. http://af.reuters.com/article/energyOilNews/idAFN0827723320110308

Funny how that works. :) Network's okay now.

I think you did great. It's always easy after the fact to say Could, Shoulda, Woulda = CSW. If it had retreated to 105 you'd have felt bad that you let that extra go. The question to ask of course is, looking at the chart, would you have entered a long trade at that point? If so then maybe you...

105.79 was yesterday's HOD. 105.97 is R1.

It was well worth the wait. Great trade. Not that many other jobs pay $200 an hour.

Nice trade.

I guess you got filled.

Got it.

Visaria, Forgot, but as NoDoji mentioned, the 20 EMA is another thing we keep an eye on as it can act as support or resistance too.

They just asked Bertha Coombs on CNBC if crude traders felt a top had been put in and she said it was just the opposite. She said the biggest demand was for May $150 calls. I think she was reporting from NYMEX. ADD There's a guy on CNBC now saying we can see $130 in the next few months. And...

Visaria, I trade off of support and resistance levels too and whole dollar amounts. And sometimes I'm just looking at and "feeling" the DOM price movements for a "feeling" of coiling for breakouts or weakness leading to pullbacks or selloffs. And although I haven't been using Fibonacci levels...

Didn't know that was the Asian session low. Where did you see that? BTW really great trading today. WTG. I'll PM you to ask about that loan. :p :p :p Don't worry you're not on the hook for the entire amount. Mrs. NoDoji has agreed to spring for the rest. :D

It's trickier at the end of the day. That's why I stepped aside. :) Hope it tanks for you guys. BBIB Wide triangle on the 1 min.

Late day selloff or rally? Step right up and place your bets. :) Or step to the side. :) What's that you bid? 104.30. Do I hear 104 even? :)

Oh, well. Got some of it anyway. I should have gone long on that bounce out of 104.45. CSW. :)