CL Redux

Quote from oilfxpro:

I think it will head higher with euro/usd in uptrend channel.All sitting quiet until liquidity dissapears.
Don't you find the price action to get in the way of all those lines?
 
Quote from Gabfly1:

Don't you find the price action to get in the way of all those lines?

I trade a combination expected crowd behaviour, fundamentals, trend lines , inter market patterns ad some price action.I often ignore price action on short time frame and rely on experience to see longer horizon.
 
Libya: What you need to know : if you want to get up to speed

http://www.cnn.com/2011/WORLD/africa/05/27/libya.qanda/index.html

1/ Russia's stance on Libya has shifted. For the first time it is suggesting that Gadhafi should step down. Russia's Deputy Foreign Minister Sergei Ryabkov was quoted by Russian media Friday as saying that Gadhafi had forfeited his legitimacy as Libyan leader. "It's necessary to find a formula for Gadhafi to leave, and such a step would help settle other issues," Ryabkov said. Russia also signed up to the G-8 summit declaration, which said Gadhafi "has no future in a free, democratic Libya. He must go."


2/ life is clearly getting more difficult for Gadhafi's inner circle. One Western diplomat made this analogy: "It's as if Gadhafi is on a desert island, and the tide -- slowly and sometimes even imperceptibly -- is gradually closing in, and his room for maneuver is shrinking."
 
Quote from oraclewizard77:

Anyone planing on trading Monday or will you wait for the holiday to be over?

I'm definitely taking tonight/ tomorrow off. I'm going to try and hold off on even turning the platform on until Tuesday a.m.. We'll see though :)
 
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