CL Redux

Quote from Picaso:


Edit: another victim of an increase in margin requirements. Btw, NYMEX has increased the margins for volatility trading, probably a precursor to an increase in outrights if we keep making new highs or if we start to see more 3-4 dollar moves like today.
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By volatility trading do you mean outright trading of vix ovx, etc.. or all options in general.
 
Quote from riskaddict:

I think I mentioned monday or tuesday I was looking for 84 sometime this week I just didn't think it would almost go to 89 first. I should go back to just making 1 trade a week. Man KC down to 202 I need a drink..

As I type this it looks like we are either going to form the right boob with a nip around 84.20 or it will go up and we will have a perfectly distributed day which seems like it would be bullish in this case.
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in daily chart, today's action is just a reversion to 20 ema. in 4H chart, it's a reversion to 120 ema.
 
Quote from dejavu8:

in daily chart, today's action is just a reversion to 20 ema.
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So the rubber meets the road at 84.40ish, I'm more of a 25 sma guy which is 83.80ish either way plenty of room to the down side.
 
Quote from riskaddict:

So the rubber meets the road at 84.40ish, I'm more of a 25 sma guy which is 83.80ish either way plenty of room to the down side.
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when it hits 20 ema, it's very likely to bounce a bit and look to touch 30 ema in next dive.
 
Down around $ 30 total for day on all accounts. Main issue was an emotional response to making a good trade on ES only to realize that I did it on sim, so just decided to go long market real money. This was a revenge trade, I don't think I even looked for signals. Got stopped out including averaging in on 1 contract.

After getting stopped out, market started to go up, so went long 1 ES contract. At this time CL was trading between 84.80 and 84.70.

My thought on this was that CL was basing, and I wanted to get long before a possible break of .80. Well, CL went to 84.68, but I was not going to take a standard stop, I was actually thinking of adding there but had too many contracts in multiple markets. At this point CL broke the .80 barrier. I got out with just .10 profit although I could have made at least .20 because as stated I had multiple contracts. I also then killed the ES at a small profit and then killed my 6A at a small loss.

Currently looking in ES to maybe go long one more time if it pulls back.
 
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