CL Redux

Thx Picaso, i find trading near the high of a trend is actually EASIER than countering it now actually

chart of oil today, hopefully we bounce down from the line
 

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set stop to go long at 77.28 in case we do break

edit: stopped in at 77.29, got out at 77.22. shouldn't be this hard to move up when ES/DX are surging.
 
Risk is on, now reaching silly levels

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I'm going long NG (no, not really)
 

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Quote from Blubaru_555:

set stop to go long at 77.28 in case we do break

edit: stopped in at 77.29, got out at 77.22. shouldn't be this hard to move up when ES/DX are surging.
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Wow, you got a really good fill - I thought they were going to screw you on that one.
 
I'm gonna have to take a break for lunch, but don't want to miss the resolution of this, so...

Nodoji, when are you walking away from your screens? :D


PS: sorry everybody for so many posts today, but I'm trying to keep myself busy to avoid shorting a runaway market - must resist urge...
 
Quote from Blubaru_555:

set stop to go long at 77.28 in case we do break

edit: stopped in at 77.29, got out at 77.22. shouldn't be this hard to move up when ES/DX are surging.
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Really its too late in the day for buystops to work in your favor. When they put new highs in now they are just squeezing shorts out.
 
Quote from Speciaul_K:

Really its too late in the day for buystops to work in your favor. When they put new highs in now they are just squeezing shorts out.
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Will need to keep this in mind, the action in related markets seemed too good though.
 
Quote from Picaso:

But you're short ES??? :confused:
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If es is going to breakdown it will be after 2.30 .. I was saying buy the pullbacks cause the guy was going long on buystops at new highs. From my past experience that does not work very well on trending higher days later in the day, you are better off buying on the dips. Im already done for the day in cl. I will try to sit on my hands and go short tommorow at 77.84
 
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