CL Redux

Quote from Gabfly1:

Decent profit, but why the lofty profit target? Isn't it largely superfluous since you will be governed by price action anyway?

Also, you did not respond to my post in my index thread:

http://www.elitetrader.com/vb/showthread.php?s=&postid=2809876#post2809876
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Lofty target? The upward momentum was clearly deteriorating as you can see on the chart. That, my friend, is dictated by PA.

With regards to your post on the other thread, I wasn't even aware. I'll take a look as soon as I'm able.
 
Quote from schizo:

Lofty target? The upward momentum was clearly deteriorating as you can see on the chart. That, my friend, is dictated by PA.

With regards to your post on the other thread, I wasn't even aware. I'll take a look as soon as I'm able.
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I didn't say you did the wrong thing. Just that you shorted at 84.30, placed a protective stop at 84.56 and a profit target way down below at 83.65. Price hit neither the stop loss nor the profit target, however, you exited. Again, I'm not saying you did the wrong thing. I'm just questioning the utility of the predetermined profit target.

Looking forward to your response in the index thread since, as you might imagine, I have strong opinions on that one. :D
 
This was actually a great call, a mark of true genius, you should have had a little more patience.

I went long at 84.13, had stop around 84.02, and got out at a profit at 84.23.

Quote from EON Kid:

Exit 84.11
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