CL Redux

Quote from schizo:

SHORT 76.33

SL 7685; PT 7250-ish

This is a swing play.
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Needless to say, this trade blew up in my face. What was that morning rally all about? Anyway, I'll keep an eye on where we close today for another chance to short. CL looks pretty damn rich at this level.
 
Quote from schizo:

Needless to say, this trade blew up in my face. What was that morning rally all about? Anyway, I'll keep an eye on where we close today for another chance to short. CL looks pretty damn rich at this level.
More...

Look at the bright side: you were stopped out at 76.85, not 77.85
 
Quote from cstfx:

out other half 7620
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Really nice trade - particularly considering that we had already retraced a good bit.

Congrats :)

Edit: One question, though: did you trail the stop and got stopped out on that 19:39 bar or did you simply get out on a limit order at your target when it first hit it? Thanks
 
It became a limit when I took initial profit because I had to step away for a meeting. I was really looking for sub 7600, below the 9pm LOD, and probably would have adjusted it if I was paying attention. I was also looking for more of a followthru from Friday's equity action to weigh on crude today, but as yet, equities have not gone along.

Also mind you, these are QMs, not the big contract.
 
Quote from cstfx:

...Also mind you, these are QMs, not the big contract.
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Oh, then you suck big time... :D (j/k)

Excellent trade, the fact that you traded this while at work only makes it more meritorious :)
 
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