CL Redux

NoDoji · Feb 7, 2011

Quote from schizo:

Unloading half here at 87.76

Nice, Schiz. We've got some airspace below now, and the old trend line that broke not long ago before Egypt.

schizo · Feb 7, 2011

Thanks. Today's low should hold near 87.25.

NoDoji · Feb 7, 2011

Quote from schizo:

Thanks. Today's low should hold near 87.25.

I have 87.44 as a next level, but that could easily break with a lot of space below.

ADD: The 1-min chart's been a day trader's ATM machine today.

BCE · Feb 7, 2011

FWIW, not much since I didn't post the entry, SS 87.90 and covered 87.60. Watching a webinar on entering different strategies using my trading software.

Entry on that trade wasn't that great but it worked out okay.

NoDoji · Feb 7, 2011

Quote from BCE:

FWIW, not much since I didn't post the entry, SS 87.90 and covered 87.60. Watching a webinar on entering different strategies using my trading software. Entry on that trade wasn't that great but it worked out okay.

Seems like a good entry to me. Good exit too

BCE · Feb 7, 2011

Quote from schizo:

Unloading half here at 87.76

Nice trade schizo.

BCE · Feb 7, 2011

Quote from NoDoji:

Seems like a good entry to me. Good exit too

It worked out. I was busy earlier.

Shorted at the failure the second time down to S2 and then used the "that seems like enough" exit.

Hopefully this is headed lower for schizo and whoever else is short. S3 = 86.91.
BBIB

NoDoji · Feb 7, 2011

Quote from BCE:

then used the "that seems like enough" exit.

I've used that exit a lot. It's not quite as good as the "whoa, that's a lotta ticks!" exit.

InvestVision · Feb 7, 2011

Nice job schizo , good holding this short for about a week in the face of last Friday uncertainty . This is where conviction rule over TA , sentiment etc..

My guess we will be we will be 85-88 for few days , before next leg direction

Quote from schizo:

Unloading half here at 87.76

BCE · Feb 7, 2011

Quote from NoDoji:

I've used that exit a lot. It's not quite as good as the "whoa, that's a lotta ticks!" exit.

I was thinking of you as I exited. I had an image of you instructing me, "BCE! That's enough! Take it!" You had a frying pan and were ready to smack me upside the head.