CL Redux

NoDoji · Apr 4, 2010

Quote from Tonkadad:

Would you mind going into more detail regarding this statement.

thanks

Bruce

He's worried about me, Bruce. He realized I finally escaped from the simulator and am very likely a danger to myself

NoDoji · Apr 4, 2010

Quote from schizo:

Did QM really hit 85.90 as I see in TOS?

CL, on the other hand, only hit the high of 85.50. Just what gives?

You still holding your long, targeting 85.95? You may want to raise your target.

schizo · Apr 4, 2010

Quote from Tonkadad:

Would you mind going into more detail regarding this statement.

thanks

Bruce

Nothing special in particular other than the fact that you're not trading with scared money, which always messes with your head. NoD's intention is to trade 2 lots so that she can take half off when the trade is going her way and give the other a free rein. Of course, this is exactly identical to my own trading. But this also poses a greater threat should the trade not pan out as planned, creating a psychological garbage we can all live without.

schizo · Apr 4, 2010

Quote from NoDoji:

You still holding your long, targeting 85.95? You may want to raise your target.

Yes I am. I did, however, raise the stop to 85.15 just in case.

And in case I'm not here to post my trade, I plan to flip short at 85.95 with a stop at 85.14

Speciaul_K · Apr 4, 2010

Quote from schizo:

Did QM really hit 85.90 as I see in TOS?

CL, on the other hand, only hit the high of 85.50. Just what gives?

Yup, thats what makes trading qm pointless

schizo · Apr 4, 2010

Quote from Speciaul_K:

Yup, thats what makes trading qm pointless

Is it because it's run by a bunch of friggin' amateurs or what?

Speciaul_K · Apr 4, 2010

Quote from schizo:

Is it because it's run by a bunch of friggin' amateurs or what?

You cant use stops. I would mad as hell I go stopped out of 12contracts and covered at a bad price. This would happen automatically if you were using IB. http://www.elitetrader.com/vb/showthread.php?s=&threadid=192868

Speciaul_K · Apr 4, 2010

schizo, u looking 2 go long 2night? I am but will sl out on a new overnight low. It looks to me that 8980-90 is possible this week

schizo · Apr 4, 2010

Quote from Speciaul_K:

schizo, u looking 2 go long 2night? I am but will sl out on a new overnight low. It looks to me that 8980-90 is possible this week

I've been long since Friday. However, I will dump and reverse at 85.95 with a fairly tight stop. Obviously, I'm feeling somewhat bearish at this level. But if there's any unexpected upthrust due to Bernanke & Co. tomorrow, by all means I'm reversing back to long.

Ya just might want to check out this chart again. Keep your eyes on that upper dotted line.

Speciaul_K · Apr 4, 2010

Quote from schizo:

I've been long since Friday. However, I will dump and reverse at 85.95 with a fairly tight stop. Obviously, I'm feeling somewhat bearish at this level. But if there's any unexpected upthrust due to Bernanke & Co. tomorrow, by all means I'm reversing back to long.

Ya just might want to check out this chart again. Keep your eyes on that upper dotted line.

Best of luck to you but there should be a spike at pit open 9-915 that I rather sell into. See if that high is taken out later in the morning then go from there.