CL Redux

[EON Kid]

Quote from NoDoji:

I made a quick $760 in my sim account shorting pre-news with a tight stop. Do any of you guys ever play the news this way? I wonder what kind of slippage I'd have got if it spiked up as much as it spiked down.

80 ticks, that was the first stopping point so I assume a market stop would be filled there

 

[HuggieBear]

short 83.50

 

[trader198]

L qm 83.5 sl 83.2 PT 84.3

 

[HuggieBear]

terrible inventory report...also facing a post-volcano report next week


amazing how strong it stays...would think we would get a stronger selloff.


we'll see.

 

[trader198]

out at 83.2

Quote from trader198:

L qm 83.5 sl 83.2 PT 84.3

 

[NoDoji]

Quote from HuggieBear:

terrible inventory report...also facing a post-volcano report next week


amazing how strong it stays...would think we would get a stronger selloff.


we'll see.

We are playing a technical market. Fundamentals seem to mean nothing.

 

[Speciaul_K]

Looking now I see 8290 was the 50day ma

 

[HuggieBear]

they don't until they do



they haven't mattered because of the presumption that spring would change the fundamentals picture...if that doesn't start to get born out, fundamentals could start to matter.


anyway, i think it looks both technically and fundamentally weak.

 

[NoDoji]

sh 83.22, stop to b/e already, pt new low

ADD: stopped out 83.15, traling 10-tick stop. I know Schiz said never trail that close, but I worried about double bottom or HL bounce

 

[NoDoji]

Quote from NoDoji:

sh 83.22, stop to b/e already, pt new low

ADD: stopped out 83.15, traling 10-tick stop. I know Schiz said never trail that close, but I worried about double bottom or HL bounce

And for everyone scratching their heads as to why I didn't short the sagging boob of the 10:55am bar, it's because I was putzing around with POT again and didn't even notice it! Damn drugs...