CL Redux

Speciaul_K · Feb 4, 2010

Quote from riskaddict:

If oil does what coffee just to to end its day I feel that would be very bullish look at that big red wick on the daily omg i wish I had the balls to grab a piece of that

Go for it. Im holding 5 long overnight. Was 10 but ive got no balls either. its obvious were to put your s/l

saliva · Feb 4, 2010

Quote from Speciaul_K:

It looks like the trendline support held at 7242. We'll see if they break it overnight/tommorow

Call me crazy but I say we retest 85-ish before going back down.

riskaddict · Feb 4, 2010

Anything, anytime. BUT I when we get a shitty jobs number 2morrow dollar tanks market and oil rallies. But can the dollar tank with the Euro so weak? F it buy the Canadian Dollar.

Speciaul_K · Feb 4, 2010

Quote from saliva:

Call me crazy but I say we retest 85-ish before going back down.

Looks to me that they took out last weeks low hoping to run stops. There were none to be run so hopefully higher from here. Same with the stock indexes. I would have thought we would tank on everything when last weeks lows were taken out. But we have 1.2hrs to go.

saliva · Feb 4, 2010

Quote from riskaddict:

Anything, anytime. BUT I when we get a shitty jobs number 2morrow dollar tanks market and oil rallies. But can the dollar tank with the Euro so weak? F it buy the Canadian Dollar.

Since the jobs number is already baked in (or else, why the hell did we fall so much today if it wasn't?), I'm actually *moderately* bullish for tomorrow--at least for the first half the session.

You make it sound like the greenback and the euro move in tandem when in fact they move opposite to one another. Should euro soar tomorrow, which I think it will, the dollar will obvious trip and fall.

BPtrader · Feb 4, 2010

Quote from Speciaul_K:

Go for it. Im holding 5 long overnight. Was 10 but ive got no balls either. its obvious were to put your s/l

I thought you got out break even a while ago after you bought 5 lots at 72.55?

riskaddict · Feb 4, 2010

Isn't the only reason the dollar has been strong because euro has been so weak because of the whole greece thing? But when the shitty number comes out and we all realize once again interest rates aren't going up the dollar should tank. But what is shittier the dollar or the euro? (rhetorical question they are both shit) hence CAD looks good as well as oil. I love playing what if! Have a great night all!

Speciaul_K · Feb 4, 2010

Quote from BPtrader:

I thought you got out break even a while ago after you bought 5 lots at 72.55?

I did s/l out on that. Later I bought 5@7266 and 5@7284
Sold 5@7309 and im going to buy 5more if 7242 isn't broken. I dont post all my trades, I just post swing trades or trades that im going to hold for awhile. Between 2 accounts I have 100+ trades today. I don't want to blow up this board

saliva · Feb 4, 2010

Quote from saliva:

I'm holding only 4 lots at the moment with the average of 73.75. Hope to bail out at b/e.

Since I won't be staying up all night in great anticipation of being knocked out cold, here's my point-of-no-return stop: 72.30. I say, bring it on.

HuggieBear · Feb 4, 2010

I am holding 4 lots at 73.77.

I am planning to go down with the ship.

I need to pick a stop loss. I might just adopt yours saliva.

I feel more confident in the prospects of crude than i did a week ago, but we could have another rough day tomorrow.