CL Redux
- Thread starter schizo
- Start date
Look at todays CHOP CHOP action .
It looked initially the Hedgies/Market makers whosoever is running today's CL market show seems stupid , boring and dull guys just running CHOP Bots all day.
See what they accomplished .. a lot ...
- With all the day CHOP , they got almost all stops money in to pocket .
- and at the end of the session giving the impression that CL is weak today and squeezed SHORTs to all the way 114.10 levels who are supposed to close at the end of the session today while the actual demand/supply price is only around 113.70 which it settled after PIT close .
With initial PUMP to 114 then DUMP to 112 then back to 114 , they might have achieved same profitability but with out so much NOISE and ACTION they got same money into pockets quietly ...
It looked initially the Hedgies/Market makers whosoever is running today's CL market show seems stupid , boring and dull guys just running CHOP Bots all day.
See what they accomplished .. a lot ...
- With all the day CHOP , they got almost all stops money in to pocket .
- and at the end of the session giving the impression that CL is weak today and squeezed SHORTs to all the way 114.10 levels who are supposed to close at the end of the session today while the actual demand/supply price is only around 113.70 which it settled after PIT close .
With initial PUMP to 114 then DUMP to 112 then back to 114 , they might have achieved same profitability but with out so much NOISE and ACTION they got same money into pockets quietly ...
Just a quick post here with a link to an article on Vermont Senator Bernie Sanders' actions in regard to oil speculation.
http://www.huffingtonpost.com/2011/04/29/bernie-sanders-demands-ac_n_855495.html
Have a great weekend.
http://www.huffingtonpost.com/2011/04/29/bernie-sanders-demands-ac_n_855495.html
Have a great weekend.
<< good one , thought you guys may like it .. especially CL tradking is more like Poker >> 
Poker and Trading Mistakes Part I
http://www.traderplanet.com/newsletter_articles/view/4470/distribution:8
Chances are most trades are just like starting poker hands:
- good ones give you just a slight edge.
- Whatâs important is your win/loss ratio.
- Itâs fine to make money 40% of the time if your winners make 2R and your losers only give up 1R.
- Playing too many hands of poker could be the simple equivalent of making too many trades when the risk/reward ratio is not favorable enough for you to make consistent profits over time.
Poker and Trading Mistakes Part II
http://www.traderplanet.com/newsletter_articles/view/4481/distribution:8
here is the core at the bottom of the Link:
You are responsible for the results you get.
<b>The psychological impact of trading (poker) is enormous.
Projection makes perception.
You can only trade your beliefs.</b>
We make up the world we live in. As long as we do that, we might as well adopt useful beliefs and live in a manner that makes us effective traders.
Poker and Trading Mistakes Part I
http://www.traderplanet.com/newsletter_articles/view/4470/distribution:8
Chances are most trades are just like starting poker hands:
- good ones give you just a slight edge.
- Whatâs important is your win/loss ratio.
- Itâs fine to make money 40% of the time if your winners make 2R and your losers only give up 1R.
- Playing too many hands of poker could be the simple equivalent of making too many trades when the risk/reward ratio is not favorable enough for you to make consistent profits over time.
Poker and Trading Mistakes Part II
http://www.traderplanet.com/newsletter_articles/view/4481/distribution:8
here is the core at the bottom of the Link:
You are responsible for the results you get.
<b>The psychological impact of trading (poker) is enormous.
Projection makes perception.
You can only trade your beliefs.</b>
We make up the world we live in. As long as we do that, we might as well adopt useful beliefs and live in a manner that makes us effective traders.
FWIW, since we were talking about silver, it just sold off the equivalent of $30k for one contract in 12 mins. That's 12 minutes!!!!!!!!!!!!!Wow!!!!!!!!!!!!!!!! I'm not joking. Shorted it earlier, a few minutes before this, and made $300, so that's most of the move..................or not!!!!!!!!!! Shoot!!!!!!! Totally missed it!!!!!! Damn!!!!!
Won't see that very often. Like hardly ever.
Each point represents $5k.
Here's a one minute chart.
I see CL is pulling back too.
Won't see that very often. Like hardly ever.
Each point represents $5k.
Here's a one minute chart.
I see CL is pulling back too.