CL Redux

HuggieBear · Apr 30, 2010

moved my stop to .20 to get some more breathing room hehe

HuggieBear · Apr 30, 2010

took one off at .61 moved stop to .38, target for remainder still 86

trader198 · Apr 30, 2010

your overnight stop loss is too wide, but trade P/L to ask money back is NO NO NO.

Quote from cstfx:

out 8565 +15, but still down -15 off yst gains

RedSun · Apr 30, 2010

CL looks tired after the past two big runs. M/N spread widens from $1.95 to $2.2, very bearish.

Some profit-taking on Euro. Next thing is GDP. Let's see what happens.

cstfx · Apr 30, 2010

Quote from RedSun:

CL looks tired after the past two big runs. M/N spread widens from $1.95 to $2.2, very bearish.

Some profit-taking on Euro. Next thing is GDP. Let's see what happens.

weak GDP bearish for crude?

RedSun · Apr 30, 2010

Quote from cstfx:

weak GDP bearish for crude?

In general, yes. But weak GDP can drop US dollar and makes CL stronger, like what happened in 2008.

trader198 · Apr 30, 2010

there is no correlation between GDP and crude. if crude is shooting, then buy. if drop, then sell.
the price trend

Quote from cstfx:

weak GDP bearish for crude?

cstfx · Apr 30, 2010

long 8565

cstfx · Apr 30, 2010

Quote from cstfx:

long 8565

out 8580

for the day down 90 but flat for past 2 days (yesterday + 92) considering commissions.

Sucks working for nothing

Speciaul_K · Apr 30, 2010

Quote from Speciaul_K:

So whats your call for tommorow for cl?
Here is my plan. Long right now, flat at 8250+-
Long again at 8150+-

Flipping short from here. 8640+- should be the ceiling