CL Journal

I believe the original B1S2 was abducted by aliens, as current one trades in a different way. As an example I remember B1 being able to identify major trends & trade in that direction, posting various divergence based turning points & overall being a very active debater.
 
JSSPMK said:
I believe the original B1S2 was abducted by aliens, as current one trades in a different way. As an example I remember B1 being able to identify major trends & trade in that direction, posting various divergence based turning points & overall being a very active debater.
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He is a level 5 trader now, by his own definition.
 
USD/RUB turning nicely, banking on a bounce. Is Rouble signaling continued weakening of crude?

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JSSPMK said:
Since this is a public forum I'd just like to inquire what are the reasons to keep going long. Thanks.
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Long?? Long term TX Tea/Brent charts /trendlines are mostly going up; example WTI from 1973 +1987+ today=UP. But 5 days, 5 years + from US civil war, TX Tea is going down.

I dont know why Jim Rogers + my 1973 chart uses oil adjusted for inflation , none of my other charts are adjusted for inflation -it make$ oil more bullish/uptrend than it is LOL
 
murray t turtle said:
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Long?? Long term TX Tea/Brent charts /trendlines are mostly going up; example WTI from 1973 +1987+ today=UP. But 5 days, 5 years + from US civil war, TX Tea is going down.

I dont know why Jim Rogers + my 1973 chart uses oil adjusted for inflation , none of my other charts are adjusted for inflation -it make$ oil more bullish/uptrend than it is LOL
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I don't believe he is trying to establish position trades.
 
no swing trades, no position trades, actually no idea if crude is going up or down...
only 2 session trades hitting small targets on a slow Friday:

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BH Rig Count did nothing so far...
 
derivativesguy said:
Why not just make your stop $30.00? It would be easier..................................
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Done thaT, derivatives guy;
WORKS WELL, risking $ 30 to make $80 .Or $3 to make $8. NOT that i would risk $30 on $44.44/+. LOL I risked about that % in Hurricane Hydrocarbons, but that was a single stock+ it looks like the shorts starTTed covering+ i seldom daytrade, but i had to in Hurricane Hydrocarbons , because my profit .......

Another REASON I dont think MODERN TRADER's buy chart [WTI] of june oil @ $53/+ cup with handle, is a good buy; they maybe right, but cup with handle is a cash market pattern.
 
JSSPMK said:
I don't believe he is trying to establish position trades.
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Amen+ frankly i dont like inflation adjust charts,[ which make oil look more bullish] even though i like Jim Rogers.Even if $44.44 is a good buy? It closed up more....I still dont like inflation adjusted charts unless EVERYthing is inflation adjusted. I agree with him oil is going to $60, maybe Brent ; maybe not this year for $60 WTI??
 
franT said:
He is a level 5 trader now, by his own definition.
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LOL I think he means Buy1Sell2, not Buy152.My banker Dad liked to pay - hunt hogs+ eat them/porkchops. I joked with my neighbor, we shot trespassing hogs for free.........................................................................................................Not a prediction; bloomberg business said oil storage is 60-70 cents/barrel
 
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