CL Redux

[Picaso]

sim

stop-limit to get long at .13, 10 tick stop

:59 Canceled, switching to live for RTH

 

[blox87]

ss 83.96 discretion
Sl 84.16

 

[NoDoji]

Quote from fishing:

hi NoDoji

i was wondering how would you trade this break out (attachment) here (buying the high)..

at 7:27 we had the high around 83.60, it then made the new high, retraced back, continued doing this for 3 or 4 times before finally breaking out to 84.10...

any input is appreciated

I'd buy 83.72, stop out b/e, then buy 83.79, take 30 ticks profit on the pullback above 30 ticks.

 

[blox87]

Quote from blox87:

ss 83.96 discretion
Sl 84.16

out 83.70 +.26c

 

[Picaso]

I realize right now it's going down - so is gold - but...


Bombs first in the Swiss and now the Russian embassies in Greece.

Terrorists attack oil pipeline in South Yemen (don't know how important this pipeline is)

http://www.reuters.com/article/idUSTRE6A11TK20101102

http://af.reuters.com/article/energyOilNews/idAFLDE6A11HA20101102

 

[blox87]

Price action traders out there, do you like to exit at a certain targret or do you like to wait till price confirms demand coming in (if short) before exiting?

 

[gov]

Good morning all!

Long .58 just now

Edit: :20 Stop to be+, looking for a new high

 

[gov]

Quote from blox87:

Price action traders out there, do you like to exit at a certain targret or do you like to wait till price confirms demand coming in (if short) before exiting?

Hey blox, GM, it depends whether the trade is with trend or CT. Yours was counter, so I would be looking for the reverse via PA

 

[gov]

Quote from gov:

Good morning all!

Long .58 just now

Edit: :20 Stop to be+, looking for a new high

:27 OUT 84.02

 

[gov]

L83.76

Out at .82, action wasn't working for me; maybe weakening as you say kid

Edit: And as I reflect, the entry was not as strong as I liked...