CL Redux

Quote from owusu:

I'm holding a small short at 82 as well, whats your PT?
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What the chart tells me is that if we break hard tomorrow, we could see 40 or lower. But, depending on how prices move overnight, I'll most likely bail out sooner.
 
Quote from trackstar:

if those last trades were winners you wouldnt be saying that. why make assumptions based on your inability to read the market correctly on those last few trades?

also please dont take what i say as insulting because i could very well be wrong :)
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I agree with you. I was actually making that comment because it's required that traders make at least a couple "shoulda woulda coulda" comments a day :p

One thing I did differently on one of the late losers was use the 2-min chart in a 2-hour TF, because I'd never look at anything other than hourly/2-week and the 5-min intraday chart.

I saw on the 2-min chart conflicting possibilities and put on the trade, then realized after referencing the 5-min chart, EON's long was the right choice, because price had found some decent support at the lower end of the range.
 
Quote from NoDoji:

I agree with you. I was actually making that comment because it's required that traders make at least a couple "shoulda woulda coulda" comments a day :p

One thing I did differently on one of the late losers was use the 2-min chart in a 2-hour TF, because I'd never look at anything other than hourly/2-week and the 5-min intraday chart.

I saw on the 2-min chart conflicting possibilities and put on the trade, then realized after referencing the 5-min chart, EON's long was the right choice, because price had found some decent support at the lower end of the range.
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gotcha, nice trading today!
 
Quote from schizo:

What the chart tells me is that if we break hard tomorrow, we could see 40 or lower. But, depending on how prices move overnight, I'll most likely bail out sooner.
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Sal, so far it's not looking too good:mad:
 
Quote from owusu:

Sal, so far it's not looking too good:mad:
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In that case, we'll just have to pick up whatever we can and move on, won't we? As long as there's another day to trade, everything should be okay.
 
Oh boy did I pick the right two days to play some golf! Short here 82.66 (CLKO) no stop as I might add to short. I'll check back in a week and see how we did.
 
Quote from riskaddict:

Oh boy did I pick the right two days to play some golf! Short here 82.66 (CLKO) no stop as I might add to short. I'll check back in a week and see how we did.
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Greetz, my fellow bear. Let's hope better days await both of us and, of course, I will be filthy rich with my 2 lots when all this is said and done. :D
 
Woke up to see the DX broke it daily trend line. I know that the correlation has broken down but if it grabs the attention of of the same people that buy with a weak dollar they could come back. So I'm going flat taking my small loss and sticking to the ES until we are below 81. Have a good weekend.
 
Quote from F112358:

Nice trade. Even if you nailed my ass. Any chance to see your charts§/reasoning for your trade decision?
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1) As Donna said it found support in the low 8180's support zone, quite clear.

2) Everyone was jumping in short, bearish as hell, in what was still chop, hence my comment about the stops and my target.
 
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