CL Redux

[BlueStreek]

that little retracement off the trenline break was pretty weak, got sold into fast.

 

[BlueStreek]

look out below.

 

[BlueStreek]

buyers came in off the downtren line break to the upside.

 

[schizo]

Quote from BlueStreek:

also, this is a nice trade S, but i would move my stop up to 70.06 as if we break this, then your original stop would get hit, why not free ride the trade locking in your profit, maybe even trail it by ,20 to .25 cents.

Raising the stop to 70.19

I use stop market order. When I use a stop limit, too many times it would leave me behind. Hence I never use SL in the AH session when I'm not particularly active.

 

[BlueStreek]

not a bad spot, next buying opp might be 70.10 with a stop at 70.06, if we break 70.20. right now bots trading like hell in euro, es, cl.

 

[BlueStreek]

lets see if the euro breaks above 122.90

 

[BlueStreek]

nope still in bot trading range.

 

[BlueStreek]

broke above 122.90 level, next 123.00, maybe a runnup through the euro open is possible tonight.

 

[BlueStreek]

70.48 stops just got taken out.

 

[BlueStreek]

S you could move your stop up to 70.35 as that would be a trendline breakout to the downside if it occurs, and buy back in at 7.20 with a tight stop to see if it holds.