CL Redux

I don't think I could've traded better today. Is there a way to package really good trading into a small capsule one can take each morning?

I went long a higher low, expecting price to make a higher high. I gnashed my teeth and wrung my hands instead of moving my stop and target and it paid off. Had a small loser on a head fake move. Got back in and then continued to work the trend until I really needed breakfast.

My only regrets today are trading 1 lot instead of 2, and taking a break, missing the internal double top for yet another new low, and missing the long you guys just put on.

Tax stuff awaits, if it wasn't for the last minute nothing would get done. I'm out of the office tomorrow, so no more trading for me till Monday.

Print some money!
 

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Quote from HuggieBear:

I've decided my new strategy until further notice is to just buy CL on all dips. I'll sell when it gets over extended or nears the trendline on the daily chart.



I might nibble on some shorts when it gets overextended...Otherwise, long and more long. I would guess, based on the data im seeing the past few days, we will be at $100/bbl before long.
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I dunno. Not that I want to crash the party, but I ain't so optimistic. This noob thinks the uptrend has come to its full maturity and upside potential from here is limited. We shall see.
 
Quote from NoDoji:

I don't think I could've traded better today. Is there a way to package really good trading into a small capsule one can take each morning?

I went long a higher low, expecting price to make a higher high. I gnashed my teeth and wrung my hands instead of moving my stop and target and it paid off. Had a small loser on a head fake move. Got back in and then continued to work the trend until I really needed breakfast.

My only regrets today are trading 1 lot instead of 2, and taking a break, missing the internal double top for yet another new low, and missing the long you guys just put on.

Tax stuff awaits, if it wasn't for the last minute nothing would get done. I'm out of the office tomorrow, so no more trading for me till Monday.

Print some money!
More...
Very nice bro (I mean sis). :D
 
Why do you think that schiz? If anything the recent fundamental data (not US supplies, but everything else) makes it seem like we are heading to a repeat of 2007.
 
Quote from HuggieBear:

Why do you think that schiz? If anything the recent fundamental data (not US supplies, but everything else) makes it seem like we are heading to a repeat of 2007.
More...
Heading to a repeat of 2007 as in $145/bbl? I doubt it. First of all, World governments will not stand for it since they are solely responsible for artificially propping up the economy.

At any rate, I can only speak from a technical point of view, which indicates that there ain't a whole lot of room left to the upside. Well, for me anyway. But then again, take everything I say with a grain of salt.

On that note, I say $90 is the highest this baby will go.
 
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