CL Redux

[schizo]

Quote from number22:

I lost money from 76 to 77, tried to pick a top at last resistances; got absolutely steamrolled.
Earlier today, China post 9% growth for last quarter gdp, I will stay sideline and wait for opportunities for building long CL.

Sorry to hear about your loss. Do note that there's a direct correlation between CL and the equity markets like ES. Also it's okay to pick the top but limit your exposure and try to keep a tight lid on your losses. On that note, we're in a bull territory, so be quick and nimble should you decide to short.

Good luck!

 

[schizo]

Long 79.73 (CLZ9)

Stop 79.63

 

[schizo]

Short 79.75

Stop 79.90

 

[schizo]

I see a lovely H&S pattern developing on the intraday chart. Now only if she would break down.

 

[schizo]

Quote from schizo:

Short 79.75

Stop 79.90

1/3 out 79.05

 

[schizo]

Quote from schizo:

1/3 out 79.05

Another 1/3 out at 78.75

Stop on the final 1/3 lowered to 79.40

 

[schizo]

Quote from schizo:

Another 1/3 out at 78.75

Stop on the final 1/3 lowered to 79.40

Final 1/3 out 78.97

 

[killthesunshine]

nice trading! out of the park with all bases loaded !

 

[schizo]

Long 79.03

Stop below LOD

 

[schizo]

Quote from killthesunshine:

nice trading! out of the park with all bases loaded !

Thank you!