CL Redux

[xty]

Quote from JSSPMK:

Looks like fundamentals - don't matter
What matters then?
If price upbreaks a level Everybody BUY, if price downbreaks a level Everybody SELL, hang on...no no no it's a BUY!!!

Based on FTSe's reaction to this number......melt up day on the US indices is most likely...

 

[JSSPMK]

Quote from JSSPMK:

S81.35 s81.55



*2/3 +.21

1/3 +.01

 

[JSSPMK]

Limit in L81.37 s81.25

*Limit in S81.02 not sure of definite stop yet

 

[TraderSU]

Nice thread guys. It will be great help for CL newbie if you can also post a chart with the logic behind your entry, stop and exit. I know that it is not possible during market hours but please try to do it in after hours.

Quote from PriceAbuser:

in my experience hedging with options in CL is a must

STOP is your best hedge my friend. U need no hedge if unless your time-frame is in days or months.

Over engineering should be avoided at all cost.

 

[JSSPMK]

Quote from JSSPMK:

Limit in L81.37 s81.25

*Limit in S81.02 not sure of definite stop yet

L81.27 s/reverse 81.02 limit (L81.37 limit order cancelled)

 

[NoDoji]

Quote from TraderSU:

STOP is your best hedge my friend. U need no hedge if unless your time-frame is in days or months.

When CL gets a move on, a stop is about as effective as a stop sign is for a runaway truck :eek:

 

[JSSPMK]

Quote from JSSPMK:

S81.35 s81.55

*2/3 +.21

1/3 +.01


L81.27 s/reverse 81.02 limit (L81.37 limit order cancelled)

*-0.25

Limit S81.02 filled, monitoring stop

*2/3 +0.36

 

[saliva]

Hello folks,

It was volatile right out of the gate. Good luck!

 

[saliva]

Short 80.83

Stop 81.03

 

[saliva]

Quote from saliva:

Short 80.83

Stop 81.03

Out 80.63