In my view, it doesn't make sense to be short here except on a very short term basis. Hope you do well. I like pullback.Hey B1S2! I'm short oil at 71.45 with a 30 tick stop and a 200 tick profit target. Looking for a pullback 69.25 to 69.50 for a long trade. I didn't know you had a CL journal 'til yesterday and just found it now. You limit who can see your profile so finding your threads can be a bit difficult. Good luck to you!
Edit: I take half off at 50 ticks profit if I get it and let the other half run as close to target or stop as it goes.
Hey B1S2! I'm short oil at 71.45 with a 30 tick stop and a 200 tick profit target. Looking for a pullback 69.25 to 69.50 for a long trade. I didn't know you had a CL journal 'til yesterday and just found it now. You limit who can see your profile so finding your threads can be a bit difficult. Good luck to you!
Edit: I take half off at 50 ticks profit if I get it and let the other half run as close to target or stop as it goes.
In my view, it doesn't make sense to be short here except on a very short term basis. Hope you do well. I like pullback.
I agree, B1S2. I closed 1/2 out at +50 ticks, and the runners are showing 91 ticks of open trade equity as of the Globex close. You and I trade a different time frame is all, B1S2. I trade swings that last hours to days, whereas you seem to favor swings that last days to weeks, or even months. The nice thing is the market is big enough to accomodate the both of us. Have a great weekend!
Pricing continues higher and I expect it to drift upwards as I continue rolling long each month. Current pricing is 73.19.Thanks---Prices should continue higher in my view. The person that manages their position correctly will make the most (or lose the least).