CL Redux

Quote from Blubaru_555:

trading CL used to be so much easier than this
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Are you referring to the giddy days when CL headed up to 130 and subsequently broke its hips on the way down to 45? Yeah, those were the simple times although the one-way move seemed silly as hell. :D
 
Quote from saliva:

Bulls are charging for now with their tails hidden between their legs. My sources tell me that we should run up for tomorrow, but who knows(??)
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Here's why I think we've hit the bottom and might reverse back up to at least the upper TL, if not more. Of course, all bets are off if the lower TL should be breached.

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There seems to be much Algo trading going on in CL these days. You saw this on Black Friday after the equity markets were closed. It behaved like in mid 08.
 
Quote from Rascal2:

There seems to be much Algo trading going on in CL these days. You saw this on Black Friday after the equity markets were closed. It behaved like in mid 08.
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Sorry, but what you say makes no sense. :)

First, instead of humans we have bots trading against one another. Surely there has to be smart bots and dumb bots, just as there are smart money and dumb money. Second, from whom are these bots taking orders? That's right, their dumb human counterparts. Third, before the fanciful term "algo trading" gained its notoriety, there were so-called program trades that were around longer than I can remember. What's so damn special this time around? Every time, they come up with some esoteric jargon only to beguile the fools around us, or are they? Better yet, aren't they?
 
Quote from saliva:

Sorry, but what you say makes no sense. :)

First, instead of humans we have bots trading against one another. Surely there has to be smart bots and dumb bots, just as there are smart money and dumb money. Second, from whom are these bots taking orders? That's right, their dumb human counterparts. Third, before the fanciful term "algo trading" gained its notoriety, there were so-called program trades that were around longer than I can remember. What's so damn special this time around? Every time, they come up with some esoteric jargon only to beguile the fools around us, or are they? Better yet, aren't they?
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There's nothing "special" about it. I just stated it.
You are free to have your own opinion.
 
Quote from Rascal2:

There's nothing "special" about it. I just stated it.
You are free to have your own opinion.
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Well taken. :)

I'm just so damn tired of hearing algo here and algo there--ALGO EVERYWHERE. If the market moves up, they say it's the algo; if it goes down, it's the same algo; if it's rangebound... (now fess up, it's still the damn algo!). Well, you get my point. They're everwhere, which is about as good as saying they're nowhere.
 
Quote from saliva:

Well taken. :)

I'm just so damn tired of hearing algo here and algo there--ALGO EVERYWHERE. If the market moves up, they say it's the algo; if it goes down, it's the same algo; if it's rangebound... (now fess up, it's still the damn algo!). Well, you get my point. They're everwhere, which is about as good as saying they're nowhere.
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My brain is a computer, wasnt worth a shit today though
 
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