CL Redux

Euro just turned negative now. With US stronger and EU weaker, Euro will only get weaker.

If Euro stays low, I expect CL to come back down tomorrow, unless equity has big move.
 
I never traded during this time. It's very thin and a 2-3 tick spread.

Sim account:

sh @ 86.45, stop @ 86.67, target 85.67
 
nodoji, thanks your explaination.




Quote from NoDoji:

I use a 20-period (20-bar) MA, so if I change the time frame of my chart, it adjusts to that time increment. I'm trading off a 5-min chart with cross-reference to the 3-min chart in a strong trend.

In a trend where price actually pulls back to the 20-bar MA, it nearly mirrors the trend line, and also nearly mirrors stochastics becoming overbought/oversold.

It's definitely delayed for picking an early entry off a reversal signal (first lower high or higher low after 3 or more legs in a trend), but I don't use it for that.
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Euro is not acting well at all. Not how I thought the market would react, I figured they would rally even if they would sell later. 6E just bleedin off
 
The loan deal was already priced in on Friday. But Greek situation was even worse than thought. There was not much to cheer about, neither were Greeks nor Germans.

But traders may still want to buy the black gold. Momentum is the king.
 
Quote from NoDoji:

I never traded during this time. It's very thin and a 2-3 tick spread.

Sim account:

sh @ 86.45, stop @ 86.67, target 85.67
More...

stop to b/e
 
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