CL Redux

cstfx · Aug 10, 2010

Quote from cstfx:

added to sh @ 8040 avg 8017

targetting sub 7900

This thing is going to head south tonite. Fed announcement I think only reinforces how weak the US economy is and how it will affect demand going out. Plus API numbers are not giving the market any support here.

@ mrbochin23, don't think there is anything wrong with using the QMs if you want to swing trade this beast. It allows you trade idea more time to setup IMO.

EON Kid · Aug 11, 2010

Quote from mrbochin23:

Question for all traders here, we tested under 80 today, and somehow we manage to come above, in your opinion have we hit bottom in the near term (this week), I am seriously considering taking a swing position at 80.30 long. with a upside to the 85.

go for it, its going to 90. Trade against the crowd.

cstfx · Aug 11, 2010

morning all.

still short from 8017, st @ b/e - equity futures and USD not supporting crude this morning (EUR down over 1 1/2 cents so far)

Picaso · Aug 11, 2010

Quote from cstfx:

morning all.

still short from 8017, st @ b/e - equity futures and USD not supporting crude this morning (EUR down over 1 1/2 cents so far)

Morning FX, yes that's some serious damage overnight, nice short.

Let's see how it opens.

riskaddict · Aug 11, 2010

Quote from cstfx:

morning all.

still short from 8017, st @ b/e - equity futures and USD not supporting crude this morning (EUR down over 1 1/2 cents so far)

Very nice. Do you plan on scaling out at all or are you just gonna cover all at 78.80?

cstfx · Aug 11, 2010

@ra, these are QMs, not the big contract, so while nice, not as great as it could have been.

Normally I scale out 1/2 @ a time, and I have an order sitting @ 7915 to close but wasn't touched on recent run down

edit: out 1/2 @ 7915 st moved to 7960

cstfx · Aug 11, 2010

TP entered at 7850. Got to focus somewhere else for a bit so I will take what I can get.

G/L all.

Picaso · Aug 11, 2010

What do you think of that LOD, NoDoji?

Maybe I have a long bias, but I'm seeing buyers

EON Kid · Aug 11, 2010

Quote from Picaso:

What do you think of that LOD, NoDoji?

Maybe I have a long bias, but I'm seeing buyers

why do you have a long bias?

Picaso · Aug 11, 2010

Quote from EON Kid:

why do you have a long bias?

Hi Kid.

It's not that I have a long bias, just that maybe I have an unconscious long bias and that's why I'm seeing buyers here.

Surprise bullish report leaked?

Edit: see? it's not breaking clearly

Your take, Sir?