CL Redux

(Sim - past my deadline)

A) Stop-limit (2 t.o.) at .46 to go short; target 72.80-ish; 20 tick stop, will trail.

B) Long at .65; Target 74.20 (+/- 10 ticks); sl 10 ticks. Will add @ .75 & .85 and trail stop.

Edit :59 B-stop at be, TICK bending downwards, if stopped out and TICK/ES recover will retry.

Edit :04 B-Added at .76; be at .71; damn! stopped out
 
Quote from Picaso:

Schizo, do you have a long/short bias in Treasuries? [Edit: or steepener/flattener?]
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Why do you even ask? You already know what I think. :D

Many agrs are not being driven by inflation fears, but by crop-specific problems (cocoa, coffee, wheat, sugar...)
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Well, in my mind, one usually leads the other and what you get in the end are higher prices.

I'm not so much concerned about rising prices in energies or precious metals like Gold (the ultimate inflation hedge). But I am about rising food prices, which I believe is a better barometer of inflation. Also, food scarcity tends to bring out the ugly side of human beings.
 
Quote from schizo:
08-10-10 02:12 PM

CL is steadily building a right shoulder on the daily. The neck line is at 65-ish. Personally, I believe it's just a matter of time before this whole damn thing breaks apart.
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Are you still seeing this?
 
As you can see, we clearly pierced the trendline at 75-ish. The next magnet should be around the neckline at 68-ish, at which time I will surely receive death threats from some of you geezers.

Anyway, good trading to ya going forward.
 

Attachments

SK pointed out the monthly earlier which appears to be the last stand. We did pierce the monthly TL on Friday but closed right on it. Not sure how you people feel about the significance closing prices but I guess the schmucks you see on tv would say if we close below this in the next couple of days look out below :eek:
 

Attachments

Quote from riskaddict:

SK pointed out the monthly earlier which appears to be the last stand. We did pierce the monthly TL on Friday but closed right on it. Not sure how you people feel about the significance closing prices but I guess the schmucks you see on tv would say if we close below this in the next couple of days look out below :eek:
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No matter which way I load the data into a chart we have not pierced the monthly tl yet. As in use a @ with tradestation or use a rolling front month. So to me I am still playing long for a swing. Looking for the month to close out around 7850-7950
 
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