CL Redux

[Picaso]

Quote from NoDoji:

DO NOT, I repeat DO NOT go long at 78.96!!! I played yesterday's breakout through the LOD via a stop order AT the LOD and was rewarded with 8 ticks slippage!

Get in early or via limit order only.

Roger that

Did you get in a tick before, at the tick or a tick after?

(If I ask too many questions, feel free to tell me to f off) The way I understand it, most people here (including you, I thought) get in a tick or two <i>before</i>, which gives you some fakes, but [Edit: usually] avoids criminal slippage.

 

[Blubaru_555]

Quote from Blubaru_555:

small short 78.75, stop 79.00. we've failed to penetrate so many times, i hope we head down in the close

flat 78.80. not going anywhere fast at the moment

 

[EON Kid]

Quote from mrbochin23:

Tomorrow could be a interesting day with that storm for the weekend, not that many seller will leave position opens.

Aren't you giving to much consideration to these storms.

Not that I know, but if it ain't Cat 4 or 5 I wouldn't consider it.

 

[mrbochin23]

Quote from EON Kid:

Aren't you giving to much consideration to these storms.

Not that I know, but if it ain't Cat 4 or 5 I wouldn't consider it.

agree, but market is overrating, and I am not going against it.

 

[mrbochin23]

Quote from mrbochin23:

agree, but market is overrating, and I am not going against it.

urghhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh!!!!!!!!!
Didn't get fill in 78.95
urghhhhhhhhhhhhhh!!!!!!!!!!!!!!!!!!!!!!!!!

 

[EON Kid]

Quote from mrbochin23:

agree, but market is overrating, and I am not going against it.

how do you know the market is reacting to this? DONT LISTEN TO CNBC

 

[Picaso]

Quote from EON Kid:

how do you know the market is reacting to this? DONT LISTEN TO CNBC

I don't watch CNBC, but I follow the weather and some of the spikes/pushes over the last couple of days have coincided with the release of upgrades to the storms.

When you say Cat 3-4 that may be applicable to *damage* of installations, but storms do *close* rigs

Of course, all of this could be just in my mind and after all the price action reflects any possible storm, but coming into the close I think this is something to ponder - as opposed to, for instance, whether we close above/below some MA

I'm still -4.62 in the red

 

[Speciaul_K]

Should close 7857. Broken trendline.

 

[Speciaul_K]

Quote from Speciaul_K:

Should close 7857. Broken trendline.

Um, nevermind

 

[NoDoji]

Quote from Picaso:

Roger that

Did you get in a tick before, at the tick or a tick after?

(If I ask too many questions, feel free to tell me to f off) The way I understand it, most people here (including you, I thought) get in a tick or two <i>before</i>, which gives you some fakes, but [Edit: usually] avoids criminal slippage.

I normally play a breakout through a high or low of the day by entering via a limit order a tick or two ahead of the test. Yesterday for some reason I placed a sell stop at .59 and saw price fall to what I thought was 12 ticks in my favor. I put in a 10-tick stop @ .57 and saw that the level was not profitable. WTF, I thought, checked my blotter and saw the .51 fill. Never again.