CL Redux

Quote from riskaddict:

Adding one more short here at the close at 81.725 avg now 81.25. But buying some insurance with maybe 2 CL calls.
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Yeah, 81.75 looked tempting for a moment until I realized how badly I was thrashed today. I kept telling myself to go easy on her, you don't want her Big Daddy coming after ya. I even thought of giving her a fat tip this morning when she was down in the gutter. Who would have thought she was hiding Viagra in her purse?

Now was it just me who thought we would go down today? Will we ever get a clean flush for once? Calling Mista Plumber to the rescue!
 
I will admit, I did not think today would get where it got. But also what I saw before has not been invalidated.

Lets see what happens by the end of the week.
 
Quote from schizo:
Hey star and rock,
Welcome aboard. But just what the hell are all ya ES junkies doing here? :D
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I thought I saw a decent low risk entry, more important was target and stop around the entry. I've been looking for something "less polluted" than ES for a while and CL/QM seems decent but the moves can certainly give me (and my tiny IRA account) heartburn. :cool:
 
Closing above this daily TL seems very bullish and I would believe 86 is in play now unless this is all just noise from expiration. I'm short 6 QMs and only long 1 82 May Call. So now what.... If it goes above 82 I'll one more 82 call and an 83 call. The problem is if this happens tonight the i'm screwed because the spreads are so wide. So I guess if it goes above 82 I'll starting scaling out of QMs. Does this count as a plan?
 
Quote from riskaddict:

Closing above this daily TL seems very bullish and I would believe 86 is in play now unless this is all just noise from expiration. I'm short 6 QMs and only long 1 82 May Call. So now what.... If it goes above 82 I'll one more 82 call and an 83 call. The problem is if this happens tonight the i'm screwed because the spreads are so wide. So I guess if it goes above 82 I'll starting scaling out of QMs. Does this count as a plan?
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Is this considered an "edge" predicated on some stoner's screwed up logic or is it just another coincidence? If what you see is true, I guess you can now throw out your shorts with the bathwater because "83 here we come" will be the tune this market will march to. I sincerely hope it's a fluke.

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Quote from riskaddict:

this could happen!!
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Ah, don't you tempt me satan! :D

Actually, I think you and I were smoking the same weed because I was looking at another candle with very similar pattern. Mine was on 01/13 and yours on 01/19. I was hoping that we close on the red but that was not to be. Anyway, I might test the water by shorting a couple lots later.
 
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