CL Redux

JoshDance · Aug 30, 2011

Quote from JoshDance:

Long .03

Out .39 +36

JoshDance · Aug 30, 2011

Just took two quick longs, no time to post -- long .31 at 10:52 out .40 +9, and just now long .39 out +60 +21 -- not exactly "planned" trades, just going with momentum which is clearly up

JoshDance · Aug 30, 2011

I am short .95

EON Kid · Aug 30, 2011

Quote from Visaria:

Fundamentally speaking, i assume this means more chance of qe3 in sept?

DX chart looks very bearish. maybe NFP #s on Friday may send it lower

with the onslaught of news a drop in confidence was expected

JoshDance · Aug 30, 2011

Quote from JoshDance:

I am short .95

Still short, stop is .11 target is .25, going to shower, will sing happy songs hoping for shorts to grow some cajones.

EDIT I'm out .74, taking my 21 counter trend so I can not think about oil while in shower

DonCorleone · Aug 30, 2011

JD, you rock!

will short at 89.10 if we get there.

DonCorleone · Aug 30, 2011

short @ 89.17

JoshDance · Aug 30, 2011

Quote from DonCorleone:

short @ 89.17

Nice short DC!! even if you were to exit now (though personally I'd put the stop at .85 to hide behind .80 and see if it wants to ride to .50 at least)

DonCorleone · Aug 30, 2011

Quote from JoshDance:

Nice short DC!! even if you were to exit now (though personally I'd put the stop at .85 to hide behind .80 and see if it wants to ride to .50 at least)

excellent suggestion. i just might do that.

hoping to cover low 88's but this is taking too long.

JoshDance · Aug 30, 2011

Quote from DonCorleone:

excellent suggestion. i just might do that.

hoping to cover low 88's but this is taking too long.

Yeah after it just touched .56, the character seems to have changed a bit .. it seems like it wants to stay above the current low

(as I say this it has taken out .80)

ADD -- could be classic shakeout and now it really moves. Hard to tell for me right now. I am leaving for the day as I have appointments this afternoon -- happy trading all!