CL Redux

Quote from NoDoji:

I am sad to say I shorted @ 73.55 (12:13pm) and covered @ 73.00 (12:32pm), and looked forward to re-entering short on a bounce. Hahahahahahahaha...that Crazy Market sure has a way of toying with ya
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I missed that action - was having a very expensive chicken sandwich :D - but was looking before to short at 73.60-80. However, I got blindsided by the euro (btw, nice long, NoDoji).

72.80-73.00 was a reasonable profit-taking zone, the subsequent break was way too clean (with euro up and ES more or less holding its ground).

Now it looks like a short, but then again...
 
Quote from Blubaru_555:

another leg down in the ES, if CL doesn't follow with a new low I think we'll see a bounce up to 72.50 instead.
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It seems back on track for the original plan which is to drop below 70
 
Quote from Blubaru_555:

nice trade NoDoji, it could've gone either way at 73 since there was so much volatility there earlier in the day.
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Thanks. I agree, I thought the pivot off 72.93 was a great exit level and was right proud of my patience on that trade (my initial target had been 73.17 and I trailed for more). But I thought there'd be that classic CL bounce to re-short and it just crashed.
 
I've been looking for a place to go short for a while, but I just don't see one (without hindsight).

Any ideas?

Somebody leaning long from these levels? If we break 73.80 I see 74.40+, but I just don't see euro up to it.
 
Quote from Picaso:



Somebody leaning long from these levels? If we break 73.80 I see 74.40+, but I just don't see euro up to it.
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What's so bearish about the euro, daily is on a strong uptrend HH, HL etc and today it has not even broken yesterdays LOD, in fact 12:30 was a nice pullback
 
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