CL Redux

I received an article today saying that there has been a 71 % increase in ships sitting in the Mediterrean and English Channel over the last two months and that each hold One Million Barrel so each dollar the market goes longs the ship makes an extra one million.

They are not looking at docking as the US has an inventory build.

One of the reason I thought we would have some moves both long and short instead of just the long.

Good luck to everyone
 
We had a monster rally starting Monday night. Most of that was due to short covering IMO. Nevertheless, I figure there's gotta be some retracement.
 
Quote from Trader273:

about 113 ticks "slippage", if I had to guess this had to be during the inventory report. CL is fast, but doesnt move 113 ticks in a blink of an eye except during inventory. if you're trading during inventory then you have no reason to be shocked.

Yes it was. I was testing in sim to see what would happen if I had a pre-new bias and placed a stop order just outside the pre-news range. The volatility was insane, my single contract was filled, priced whipped and the P/L was immediately -$1128, then price reversed well into the direction of my pre-news bias and a few minutes later I closed the position at a rather large profit. I made a note: "Trade AFTER the news." :p
 
It appears that no moron in his right mind is willing to step up and buy at these rich levels after an explosive day. As for me, still hoping for a modest selloff before the open.
 
Quote from schizo:

Alright, going back in short at 77.31

SL 77.51
PT 76.10
Flipping long 77.45

Wide stop: 76.45

Made some egregious mistakes tonight. I kept thinking that there must be a selloff and refused to grab the money and run...twice! :mad:
 
I market barely moved with the UK unemployment news but lots of action on the bid and on the ask.

I also can not believe we had a little sell off of at least a dollar and now with the pound dropping and the US dollar strength.

I guess that would be to obvious a move.
 
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