CL Redux

Quote from EON Kid:

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up to 8960, 8980 ish then break 89 and maybe a good reversal then
 
Tried long a little too early and just fought my way out of a mini mess and lost 5 ticks on QM as I wasn't sure where this is headed. Onto the next trade. Not familiar enough with these 2 contracts yet. :) Interesting day.
 
Quote from riskaddict:

will that be if we get back above 89.21? Daily 21 ema has been breached but still a lot of day left.
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That's what I was thinking too. Around that level. Seems like it's trying to base here. But they keep selling into any rally attempts so far. At some point obviously the selling slows and we have a rebound.
 
Double bottom was a setup, 89.30 was the entry signal. I tried the first break, 3-tick loss, re-entered @ .31, took 20 ticks on the pullback from the 20 EMA.

This is counter-trend scalping BTW, a true reversal, I'll hold longer.
 
Anyone think FOMC will have any impact? Do you think they have the balls to have said something that will make that dollar spike and everything else tank? I won't be surprised to see an 87 handle before the day is over but then I wouldn't be surprised to see a 91 handle either. Either way the ES puts I scooped up yesterday are crushing it even with this minimal point move.
 
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