CL Redux
- Thread starter schizo
- Start date
That leg down was partly due to a terrorist threat. Now it seems it was a false alarm.
http://www.reuters.com/article/idUSTRE69S37320101029
I know, I know, it's all in the chart
Thanks Gov, now tapas, siesta and back to the game.
http://www.reuters.com/article/idUSTRE69S37320101029
I know, I know, it's all in the chart
Thanks Gov, now tapas, siesta and back to the game.
WSJ reports it as "OIL FUTURES: Crude Oil Slips As Dollar Gains Ground."
Personally, I believe this is your typical election window dressing. Lower oil prices in winter wouldn't hurt one bit for the politicians.
Personally, I believe this is your typical election window dressing. Lower oil prices in winter wouldn't hurt one bit for the politicians.
Quote from Picaso:
That leg down was partly due to a terrorist threat. Now it seems it was a false alarm.
http://www.reuters.com/article/idUSTRE69S37320101029
I know, I know, it's all in the chart
Thanks Gov, now tapas, siesta and back to the game.
Should you not be in long here??
Edit: I feel like I should give you 1/2 of the last trade. Your timely news made me feel all warm and fuzzy in that trade! In Al Brooks terms, that initial trade was an L2, double reversed(requires 3x initial trade) at .88/.89 (a failed L2, a very high probabilty trade in Brooks estimation) and one I particularly treasure. I am a bit sad he published these things...lol!
I went to the bathroom, when I came back I read this which was helpful, but really I also got a long breakout signal. We had a lot of room to run back up so took it for a swing rather than a scalp. My risk vs reward on the trade was very decent, and I was able to not move stops or targets by walking away.
The trade obviously worked out and the breakout had one of my TA indicators confirming. This was real money, and I going back to sim for rest of day to prevent giving it back. What was surprising was this came around the lunch hour. Normally this is dead time.
The good for CL is that if you are right, it really does move much more than ES both up or down. I was originally watching ES, but it was only .50 in a range, after I got long CL, I thought maybe ES has broken up to new highs, but no it was still moving in a .50 range when I got back.
The trade obviously worked out and the breakout had one of my TA indicators confirming. This was real money, and I going back to sim for rest of day to prevent giving it back. What was surprising was this came around the lunch hour. Normally this is dead time.
The good for CL is that if you are right, it really does move much more than ES both up or down. I was originally watching ES, but it was only .50 in a range, after I got long CL, I thought maybe ES has broken up to new highs, but no it was still moving in a .50 range when I got back.
Quote from Picaso:
That leg down was partly due to a terrorist threat. Now it seems it was a false alarm.
http://www.reuters.com/article/idUSTRE69S37320101029
I know, I know, it's all in the chart
Thanks Gov, now tapas, siesta and back to the game.