CL Redux

[NoDoji]

Quote from ChkitOut:

Would you consider the reversal 12:00 bar a failed BO of next
resistence yet? Or to soon to tell..?

It wasn't a failed b/o because it didn't yet test next R, but that shooting star it left behind was a good signal for a counter-trend scalp and possible reversal setup. I didn't take that trade because the stop was at my upper limit and I'm not all that crazy about counter-trend trades except at extremes, like EON's awesome long entry this morning!

 

[NoDoji]

Quote from oeicapital.com:

...hmmm... hmmm ... fishy smelly CL

"A bad day fishing in that smelly CL beats a good day working."

 

[NoDoji]

Quote from NoDoji:

I didn't take that trade because the stop was at my upper limit and I'm not all that crazy about counter-trend trades except at extremes,

Blah!

Bennie, did you take that signal??? That's our favorite short signal!

 

[EON Kid]

Long 1/2 80.65 continuation of my long trade

 

[oeicapital.com]

so... should we short?

 

[NoDoji]

sh @ 80.59, stop to b/e already

 

[EON Kid]

Quote from EON Kid:

Long 1/2 80.65 continuation of my long trade

Add 80.51 to full position

 

[NoDoji]

Quote from NoDoji:

sh @ 80.59, stop to b/e already

Stopped out, too quick with the stop this time, damn

 

[schizo]

Quote from EON Kid:

Add 80.51 to full position

I would be surprised if we retest the low. My newbie guess is that we trade pretty much flat from here on. For tomorrow, my broken crystal ball sez 78.30-ish for the low before we kick higher.

However, if we close below 78.30, watch out. All hell will break loose.

 

[Airwaves]

Quote from Airwaves:

short 81.28
20c stop

out here at 80.35 for +93