CL Redux

Good trade was that with real money? I saw price was starting to reject at 86.40, and put a limit order there for a scalp short with overall trend which I believe was short, and got 10 ticks of profit.

While you took all that profit on CL long, I was long ES at 1295. It was stalling so I reduced my target to 1296. The market was at 1295.50 and thought it should have gone more, but then it actually started to go below my price I got in. At this point I was already out of my CL trade with a profit so I decided to set target to BE and stop loss was brought up so I would not take more than a .50 loss. I was able to get out of the ES trade at BE.

Quote from InvestVision:

Long 86.25
More...
 
I think OPEC is selling more oil right now, which is why CL has been falling. However, oil does not grow on trees, and the oil under the Arab sands is not infinite so that provides support until their are cold fusion cars.

Quote from schizo:

When CL was trading at 140, nobody thought it could drop down to 40. Unlike ES, this damn thing doesn't have any cushion underneath in the form of a government support. Can OPEC print money?
More...
 
Since I am happy right now since I waited for a good trade and got a profit, let me tell you about a new drink I created. I could have gotten a little more profit with my trade, but am a little gun shy today.

Get a diet coke, add vodka (blue sky is best since its triple filter and less chance of hangover), next add your favorite schnapps, I used peach schnapps, you don't need much to taste the flavor.

I had it last night, it was very good. Looking back now at my ES trade, I should have just left the target and stop alone, it would have hit target. I normally don't change this, but since my CL trade was opposite direction of ES trade for some reason I thought CL was going to take ES lower. I guess that other problem is ES is slow, and it was starting to go against me.
 
You must log in or register to reply here.
Back
Top