CL Redux

mfbreakout · Jul 23, 2014

mfbreakout said:
Added size to short around 103.22 area for reversion to the mean set up and BOOM. There is nothing wrong with adding to so called loser if RISK is within ones profile.

A up confirmed. Pullback to OR area calls for a long.

Long 102.74 and out 103.09 flat.

Visaria · Jul 24, 2014

mfbreakout said:
Added size to short around 103.22 area for reversion to the mean set up and BOOM. There is nothing wrong with adding to so called loser if RISK is within ones profile.

+1

Van Halen · Jul 24, 2014

CL is finding support at the daily lower level but can't get any momentum off of it.

Van Halen · Jul 24, 2014

Looking for a short at the 102.84 level if we can get there. If so, would play it back to 102.43 area.

riskaddict · Jul 24, 2014

riskaddict said:
So what will happen is it will close at the highs I'll get less short and then it will tank

This isn't exactly tanking but still funny.

mfbreakout · Jul 24, 2014

Visaria said:
+1

Short with a long hold time. added to short arond 102.80 on bounce from 102.60 area.

Cover some 102.21.

I like to start every day fresh. Today A down confirmed , so i plan to reshort

any bounces to 102.80 to 103.20 area. Otherwise holding runner to see where she goes. Beyond 100 ticks move, i typically try not to look too far into the future but 101.50 will be nice.

Visaria · Jul 24, 2014

Visaria said:
short 10280, 100 tick stop

out at 10200

mfbreakout · Jul 25, 2014

mfbreakout said:
Short with a long hold time. added to short arond 102.80 on bounce from 102.60 area.

Cover some 102.21.

I like to start every day fresh. Today A down confirmed , so i plan to reshort

any bounces to 102.80 to 103.20 area. Otherwise holding runner to see where she goes. Beyond 100 ticks move, i typically try not to look too far into the future but 101.50 will be nice.

Out 102.13 yesterday.

Today is a new day and see what's in store for the day. CL continued to show weakness. Short 101.98. Cover 101.54 and waited for NY open.

reshort 101.60 area. Reduced position size after 15 minutes .

Cover 1 100.14 and oteher 100.10. No longs , yet. Buyers need to show up.

Will short 100.80 area into bounces if price move back up without conviction.

mfbreakout · Jul 25, 2014

mfbreakout said:
Out 102.13 yesterday.

Today is a new day and see what's in store for the day. CL continued to show weakness. Short 101.98. Cover 101.54 and waited for NY open.

reshort 101.60 area. Reduced position size after 15 minutes .

Cover 1 100.14 and oteher 100.10. No longs , yet. Buyers need to show up.

Will short 100.80 area into bounces if price move back up without conviction.

Looks like a move of conviction to me. Will see if longs make sense on pullbacks around 101.70 area.

NOTE CORRECTION: Previous post should read cover 101.14 and 101.10.

mfbreakout · Jul 25, 2014

New sanctions against Russia from Europen Block put a bid under CL. Not good for equities. I buy this more than a move based off some pattern.

News is not confirmed but traders react first and ask questions later.

Long 102.02.