CL Redux

Almost 33K contracts on a 15 min bar in the middle of the afternoon I limping in long slowly right now at 73.20 this is the area I was looking for last week and the 1st guess is usually the right one 1 QM no stop yet
 
I am holding my short position. I think it will go to below 70 in a few days. If today's inventory number couldn't lift the oil price, more sellers will join the selling.

I wouldn't be surprised we gap down big tomorrow.

I am tired of scalping for pennies.
 
I don't see us going to 69.5 which is the 200 day on the current month. We are at the 200 day on the april contract and still within a daily range of the daily trendline. Plus ES bounced nice today after retest of low 1080s only thing working against us is the dollar. (a pretty big thing) But correlations only mean what we want them to mean. This being said I'm sure we'll hit 69.50 by friday :mad:
 
Quote from saliva:

Looking forward to jumping in short at 74, so give her a good push boys.
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Man, you folks let me down. :)

Although nothing is for certain, I would think twice about going outright short at this juncture. The upside potential clearly outweighs any risk to the downside. But, damn, who would have thought we could retest previous low made last month? This wretch never ceases to amaze me.
 
Quote from saliva:

Man, you folks let me down. :)
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I am sorry I let you down, saliva.
:(


I am still green, I hate myself for being weak and unable to capitalize on these amazing market moves.

I try to improve myself every day, actually every hour. But I have my deeply-rooted problem, I need to work on myself for more time.

Oh, man, I see so much money flowing by, but I am scared to extend my hands to grab it. The few times I gingerly put my hands into the money pile, I got burned, turned out I did it at the wrong place and at the wrong time.

But there is always tomorrow.
 
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