CL Redux

mfbreakout · Sep 8, 2011

Quote from JoshDance:

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

with CL if one does not get in at exact point ( meaning being lucky) in a balanced market- it can chop one to death.

My short from 89.61, cl went to 89.26 ( since i had covered some at 89.44) i waited for 89.20 to break.

I am still in the trade- but cl has bounced up and down 20 ticks. I do not care as I have booked some profits but stop loss at b/e.

mfbreakout · Sep 8, 2011

Quote from mfbreakout:

with CL if one does not get in at exact point ( meaning being lucky) in a balanced market- it can chop one to death.

My short from 89.61, cl went to 89.26 ( since i had covered some at 89.44) i waited for 89.20 to break.

I am still in the trade- but cl has bounced up and down 20 ticks. I do not care as I have booked some profits but stop loss at b/e.

long 89.72. once 89.70 got taken out, potential is for short squeeze.

Just a potential

DonCorleone · Sep 8, 2011

Quote from DonCorleone:

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

sorry for late reply. stepped away from desk and saw this get stopped out at .73.

just went short at .86. my last play of the day. for real.

mfbreakout · Sep 8, 2011

Quote from mfbreakout:

long 89.72. once 89.70 got taken out, potential is for short squeeze.

Just a potential

bulls trying to protect 89.68 level they broke to the up side. We never know who will win - when we do not have an A up or A down like today.

mfbreakout · Sep 8, 2011

Quote from mfbreakout:

bulls trying to protect 89.68 level they broke to the up side. We never know who will win - when we do not have an A up or A down like today.

One of Mark Fisher favourite set up is a late day A up or A down. Basically a late day set up gets most of the traders on the wrong side and then show starts.

mfbreakout · Sep 8, 2011

Quote from mfbreakout:

One of Mark Fisher favourite set up is a late day A up or A down. Basically a late day set up gets most of the traders on the wrong side and then show starts.

Once in a blue moon set up is an A up or A down and then totally opposite which is C down or C up. I have only seen it 4 times in 9 months. and it is a day to remember.

JoshDance · Sep 8, 2011

Will long .76 if we stay above .64

DonCorleone · Sep 8, 2011

if both helicopter ben and barry o-scam-a are going to speak shouldnt we back up the truck and load up on shorts??

mfbreakout · Sep 8, 2011

Quote from DonCorleone:

sorry for late reply. stepped away from desk and saw this get stopped out at .73.

just went short at .86. my last play of the day. for real.

shorts are good as we have an A up in dxy.

mfbreakout · Sep 8, 2011

Quote from DonCorleone:

if both helicopter ben and barry o-scam-a are going to speak shouldnt we back up the truck and load up on shorts??

Even if they were not speaking dxy and levels are speaking quite clearly to traders.