one more leg down then LONG
short 55
short 55
CL Redux
- Thread starter schizo
- Start date
No offense to you personally but this goes squarely back to the same gripe that I made some time ago. No doubt, using the front month is your best bet, but it only shows you the last 20 days. That is, only the last 20 days of data is considered accurate since CL expires every month. That's hell not sufficient for me to draw informed decisions. Hence I'm forced to use the continuous chart.
oh ya
this will get ugly
out 41
Well shit i was not expecting that drop. My entire short position got covered at 83.14 when i wasn't looking.
Meanwhile, i now am stuck with 400 USO April 41 calls that i was using to hedge. Hope this SOB doesn't plummet overnight i definitely dont like being long. Makes me feel dirty.
Meanwhile, i now am stuck with 400 USO April 41 calls that i was using to hedge. Hope this SOB doesn't plummet overnight i definitely dont like being long. Makes me feel dirty.
You can always sell the globex open. It should make a sad attempt to take out todays high.
I think i will sell a few just to get to a neutral position...i just want to dump the calls at the open tomorrow and wait for another entry long or short.
I'd just hold the calls bare but i have a feeling it might tank
I'd just hold the calls bare but i have a feeling it might tank
I do not know what you want. if you just trade intra-day, former session's low/high is good enough, even half hour ago data is good enough, since what we as a trader need know is where it will be three minutes late or half hrs late, who cares those past data, those are opportunities lost. normally I will start to trade forward month contract around 18 of each month, then end trading it around new month's 18.
those major highs/lows are very important, but mean nothing if you just try to catch 0.1 or 0.3 point move
those major highs/lows are very important, but mean nothing if you just try to catch 0.1 or 0.3 point move