CL Redux

Quote from frank8800:

Sim Long 75.72 .20 target, .15 stop
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At the risk of being a pain in the neck, I again suggest that you plot your targets/stops on the chart and reassess them.
 
Quote from Picaso:

At the risk of being a pain in the neck, I again suggest that you plot your targets/stops on the chart and reassess them.
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You're at no risk for being a pain to me - I appreciate the feedback and may need to be told over and over something before I finally get it. I'm the one who's worried about being a pain to this forum with my posts.

My target on this was 20 ticks because I thought the trend would resume and the previous opening high would be taken out. I came within 4 ticks of my target and thought about moving my stop up again, but thought that the movement up was a precursor to the news and I'd get my target.
 
I think I've mentioned this before, but it seems that when gold makes a large, sudden move down, CL follows suit. Maybe commodities funds unwinding inflation-based positions. :confused:

Just another element to further complicate the decision process :D
 
Quote from mrbochin23:



Something that has work for me as a breakout strategy after the EIA report is take the range of the next 15 min after the report, in the direction of where it breaks after that has been the direction for the rest of the day, in the last 5 out of the 6 reports.

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So no breakout yet. CL put in a large range, appears to be 75.96 - 75.35
 
Quote from Picaso:

I think I've mentioned this before, but it seems that when gold makes a large, sudden move down, CL follows suit. Maybe commodities funds unwinding inflation-based positions. :confused:

Just another element to further complicate the decision process :D
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Doomsday. Like i mention before. ES bottom around 450-550 before spring 2011
 
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