CL Redux

Quote from Laissez Faire:

Fairly balanced market here. The odds are slightly tilted to the upside for the day, IMO, but I guess it all depends on the release.

Oh, the suspense...:)
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MA's maintaining slightly downward bias despite sevaral probes upward. The RTH structure thus far could be viewed as a wide flag. Of course, bullish Inv. #'s could change the picture instantly.
 
100 cent up swing completed. Missed my fill at 70, but managed to catch a piece although it was a late fill.

Think I will look for a long entry from here, although we might retrace considerably first. Yesterday`s close should be within reach, assuming the LOD is in.

Thoughts?
 
Quote from Laissez Faire:

100 cent up swing completed. Missed my fill at 70, but managed to catch a piece although it was a late fill.

Think I will look for a long entry from here, although we might retrace considerably first. Yesterday`s close should be within reach, assuming the LOD is in.

Thoughts?
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edit: I dont like to look of it, playing this by ear
 
Quote from EON Kid:

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Nice. :)

I`ll forgive myself if we pick up momentum and trade up to 97 in one go now as I just trailed myself out of an entry at 96,10.

Still learning how this beast moves though. I think I need to decide if I`m willing to give back large chunk of open profits by maintaining a breakeven stop or if I want to trade the moves in pieces.

I think I will decide on the latter, and if so, I need to have my limit orders ready in advance to get filled when momentum slows down and then re-enter on the pullbacks.

Speaking of which, it seems like we have a classic example of prior resistance possible acting as support in this zone here at 96,10-96,20 now. :)
 
Quote from Laissez Faire:

Nice. :)
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I added an edit , looks like some wild swings today

add: A new high I'll go for gap close. If it stays in the 9630s range possible sell off
 
60 cent swing culminating here at the prior HOD.

I`m thinking that I will try to work a long entry here if price finds support.

Actually, I was already long at 05, but got out B/E right now. Will try again I think. :)
 
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