CL Redux

Quote from NoDoji:

K, we understand totally, no explanation necessary. It's hard to hang onto profits when this oily contract is so damned slippery!!

EDIT: Wait minute, I just looked at your blotter. As ET's resident mom, I must say, you're not getting enough sleep!
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Guess im just getting frustrated with this market. Tommorow is another day to try and keep all the profits. The 7787 sell was entered before bedtime:D .. I have a strategy were on big downdays there is some retracement so I was selling a single contract for that.
 
Quote from riskaddict:

not even going to watch going golfing once rain stops! I have another order to add 1 more QM at 75.50 which a 50% fibo from 5/25 to 8/4 the only thing that bothers me is there is only 6 days left for this pos
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Just got home to see this came within 1 tick of getting filled. However I'm not gonna chase it. Avg long at 77.025 and looking at a daily QM i see the TL at 75 you guys were talking about. Therefore if I can add to this position tomorrow around that level to bring my avg down to 76ish and we get to 78 next week before expiration my pregnant wife won't starve and I can pay my $500 electric bill. If it goes below that trend line I will have wasted a week and a half and we'll just kill the dog and eat him. Unfortunately it looks like it gonna stay hot and I love me a cold house :)

What will probably happen however is it will go to 77 by the morning and I won't get out around b/e then it will tank to 72 after I add at 75. maybe scalping is the way to go:eek:
 
Pulling my hair for not shorting at 76.10.

Stupid, stupid, stupid.

Stop-limit (2 tick offset at 75.34) to go short... after 30 ticks in the money I will trail stop aggressively

Hmmmm... I have it in sim because 1) we'll already be down a bit to get there and 2) I think euro's London close approaching is the only thing that is pulling down oil (seems nobody wants to stay long over the weekend just in case another politician opens his mouth) - if equities start to tank I will change the order to my live account (and post it - no tricks here :D)
 
Quote from Picaso:

Pulling my hair for not shorting at 76.10.

Stupid, stupid, stupid.

Stop-limit (2 tick offset at 75.34) to go short... after 30 ticks in the money I will trail stop aggressively

Hmmmm... I have it in sim because 1) we'll already be down a bit to get there and 2) I think euro's London close approaching is the only thing that is pulling down oil (seems nobody wants to stay long over the weekend just in case another politician opens his mouth) - if equities start to tank I will change the order to my live account (and post it - no tricks here :D)
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It's nothing worse than indecision in this business, I though about it 100 times to short at the 20 MA (75.77)......that would it be 30+ ticks. I need a drink!!!!!!!!!!!!!!!!!!!!!!!!
 
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