CL Redux

hey guys, great thread. if its OK I would like to join in. Looking to learn.

I am just starting to learn price action. Also new to crude oil, in the past I have mostly traded stock index futures. Looking to trade QM.

great price channel so far today. Thanks.
 

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Quote from cstfx:

Earl is moving UP the East Coast and Fiona is losing steam. Neither should be a factor on this market:

http://www.weather.com/newscenter/hurricanecentral/update/index.html

I know. Earl will be touching the East Coast over Labor weekend => cutting down gas demand. Fiona is a non-factor. We got a new storm that for the moment seems headed straight into the Gulf, although it's too soon to tell.

Yes, I know, it's all in the damn bars.

(Welcome on board Bearmountain - according to your channel .95 is a buy, right?)
 
Quote from Picaso:


(Welcome on board Bearmountain - according to your channel .95 is a buy, right?)

Thanks.

yes, .95 a buy, but very late in the trend. We just broke through the lower channel.

price action queen nodoji would know better, but it appears to be start of a consolidation, range bound day.
 
Quote from schizo:

Short 74.87

How the market can make you feel oh so stupid. So much for the benefit of hindsight. Actually I've been through this before. Each time, I was too dumb to think I could "swing" for the fence.

At any rate, if push comes to a shove, I'll be unloading at b/e.
 
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