CL Redux

Quote from EON Kid:

long 82.21 .25 stop


Nice trading D!
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Thanks, EON. I really have difficulty entering strong trends once they're underway because they never pull back much before resuming. I like to catch early reversals and actually I was watching for a reversal signal to the long side once 84.00 broke down. I daringly placed "3" in my qty field, looking for one of those quick bounces off lows that I could scalp with a bit of size.

To be honest, I think I would've ended up happily enjoying my POT profit today and nothing else if mr b hadn't winked from across the dance floor and invited us to contango at the same time price broke a previous bar's close :D
 
I am trading ITMN now, bought tiny position just at your entry. oversold?

Quote from schizo:

Hey what are you complaining about? :D

You have mentioned something about bulls, bears, sheeps and suckers in the past. Well, it's time to add tow more category: oppotunists and parasites. Yeah, yeah, I know. But think hard about it. Both opportunists and parasites have mutual common interest. They let others do the hard work. I'm sure this in itself is not easy by any means. Ya need to be stealthy and, above all, plan ahead in time so that others (if you were an opportunist) and the host (parasite) don't find out. Otherwise, you'll get hosed.

Always envision in you mind what the next move will be. That is, always prepare and always anticipate. It's as simple as that. Let others do the heavy lifting while you plan for the next easy steal.
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Quote from trader198:

when look back, the trend is reluctant? not so strong, looks almost flat (a little bit downward)
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Here, this is what I'm looking at. Also I question whether today's selloff wasn't overdone. You usually don't see such a "monster" selloff at the top. That usually comes at the bottom of the trend.

Anyway, if this damn thing doesn't go up anytime soon, I need to head for the exit. I thought this was a no-brainer, but I guess others don't share my view. :(
 

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i see potentially good support at that low earlier, 81.80 or so.


however, i dont believe anything at this point, could be a 10% correction in crude.


hoping for a bounce back before the report tomorrow....out before that, obviously. god knows what will happen in europe tonight.....that most likely will determine everything.
 
We have long signal! We have long signal! Double bottom, followed by a close above the 20-bar MA, and now a break through previous resistance!

I went long in sim @ 82.03 just before 9:42pm ET on the break thru the 20 (stop now @ 82.10). If this after hours sim success continues, I'm gonna have to become a nocturnal lunatic like you guys :D

P.S. If it wasn't just 1 lot, I'd take a piece off here.
 
Quote from schizo:

Here, this is what I'm looking at. Also I question whether today's sell off wasn't overdone. You usually don't see such a "monster" sell off at the top. That usually comes at the bottom of the trend.

Anyway, if this damn thing doesn't go up anytime soon, I need to head for the exit. I thought this was a no-brainer, but I guess others don't share my view. :(
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You are 100% right base on pure technical analysis, but the fundamentals say otherwise. It's a lot of Oil out there, way more than demand, it's the "Perfect Storm" ........Europe in crisis, strong dollar a lot of Oil, and you could add to the equation the "Failed terror attack in Time Square"..........we will see, but your right the high of the opening day was the high of the opening it never touch it again not even close, I never seen something like it.
 
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