CL Redux

[InvestVision]

It seems that 86.50 seems trap to get new longs all the way to 84.10 level some time today

Quote from InvestVision:

Thanks all

Long 85.65 , add 3

 

[NoDoji]

Quote from InvestVision:

Thanks all

Long 85.65 , add 3

Nice short IV, and if it helps at all I covered my short @ 85.65 about the time you posted this

 

[zxd]

Quote from NoDoji:

Did you ever go short????

No, I was ready to execute but I couldn't pull the trigger

 

[zxd]

Quote from zxd:

Long 85.73

Close 85.84

 

[NoDoji]

Quote from zxd:

No, I was ready to execute but I couldn't pull the trigger

If you like to counter-trend trade, you got to pull the trigger as soon as you feel that price exhaustion. That's when you can have a super tight stop, low risk.

 

[InvestVision]

Limit sell 86.09

Quote from InvestVision:

Thanks all

Long 85.65 , add 3

 

[NoDoji]

Quote from zxd:

Close 85.84

Great entry on that trade, that's where I normally enter a trade. No idea why I hesitated to pull the trigger :eek:

EDIT: On a long @ .73 I'd have locked in 20 ticks profit when price hit previous S zone (86.01) and stalled, because the former uptrend had reversed and that would be a zone to sell short.

EDIT II: Also I just noticed that is where one of those orange "pivot point" lines is. I added those a while back and really have found no consistency to price reacting to them. It seems 50/50 to me. Does anyone use pivot points?

 

[InvestVision]

Out85.85

Quote from InvestVision:

Limit sell 86.09

 

[NoDoji]

Damn, if I only traded ES I think I would've chewed my arm off by now, trapped in that range

 

[schizo]

Quote from NoDoji:

They only read Schizo's calls

Now stop it.

But it sure felt like it last month. Can't remember how many times I got stopped out to the T.

Anyway, am I the only bear around here?