CL Redux

Quote from BlueStreek:


I think we will need at least some drawdowns in inventories to get a run back to the 90`s without a middle east escalation event, and if we have builds the sharks are going to come out and try to puch this down below 84, all they need is to be close enough, and one negative euro 2-day headline worry, and boom the 84 level will break just like the 91, 88, 87 levels on this downtrend.
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Great summation! This is the kind of shit I dream about at 4am when I'm at that almost awake point. Can you picture it now some arab dude calling up his friend at the elite guard or whatever the hell it is call and saying hey do something, oil is below 90 and we can only sell to a few countries so we are royally screwed. Boom shoot at that fucking drone. Utoh not much happened... When we get to 80 I'm sure they will run a boat into one of our destroyers.
 
http://www.marketwatch.com/story/oil-edges-lower-amid-fiscal-cliff-fears-2012-11-11?siteid=YAHOOB

While it does look like CL fell back a little, it was not before it hit my stop. However, I was able to make the money back plus more on going long the Euro (6E) with weakness in the dollar due to the possible fiscal cliff.

Technically, CL did break out at the start of the day, I shorted the breakout near the high, but it kept going enough to stop me out.

Technically, 6E broke above it's moving average and the previous days high, and I was able to ride that for a profit. I actually got in 6E before it broke up not after so I was able to actually maintain a small stop since the bulls were in control and did not want to let the shorts make any money.
 
I sent NoDoji a pm about trade management, since I want her advice since while I do study my charts of the market everyday after the close, I think she spends more time during market open trade hours then I do, and I probably going to get my 10,000 hours a long time after she does.
 
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