CL Redux

[JoshDance]

Quote from JoshDance:

I tried to short 3 times on this move up. Only 1 1-min bar break low... complete crap.

ADD I'm short one more time .44, target 89.00

Out .51 and time to regroup -- F me for being stupid.

 

[mfbreakout]

Quote from mfbreakout:

89.59 also fits 88.59 - my 100 ticks rotation theory. plus 89.69 was the level broke on VOLUME. So, pick your levels to short .

short 89.61 stop loss 89.71

 

[DonCorleone]

got in short at .59 as well. let's see where this goes.

 

[mfbreakout]

Quote from mfbreakout:

short 89.61 stop loss 89.71

cover some 89.44

 

[mfbreakout]

Quote from mfbreakout:

cover some 89.44

Don't let my post make you think that I make a killing every day- I also went long 89.17 and took a 40 ticks loss (lol). To top it off i went with size.

Just CRAZY.

 

[JoshDance]

long .28 stop at .29

 

[JoshDance]

Quote from JoshDance:

long .28 stop at .29

Out .48, trying to get back on the road to profitability, and off the road of stupidity.

 

[JoshDance]

Quote from mfbreakout:

89.59 also fits 88.59 - my 100 ticks rotation theory. plus 89.69 was the level broke on VOLUME. So, pick your levels to short .

Awesome points -- I was just trigger happy and failed to short the very place I should have. It usually goes this way with fading -- if I'm wrong twice, I'm hesitant to go for it a 3rd time, but it's usually the 3rd time that I'm right. However, in this type of move up with no pullbacks to speak of, I was just going the wrong direction. Excellent point about the level that broke with volume. I completely missed that.

 

[JoshDance]

Friendly reminder, the money printer will be speaking at 1:30 today.

 

[DonCorleone]

i think i'm done for the day except for this last short trade i put on at .59. too much excitement in just half a session.