CL Redux

Quote from riskaddict:

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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Not sure about the FOMC. But that was a great play on those puts. WTG. :)
 
Quote from jones247:

It's day's like today when one can easily fall in love with "smooth" crude... what a trend to ride...
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Absolutely! Eight winning shorts for me and out of my 3 longs, one winner and two losers. That tells the story. Shorting those lows is like taking candy from a baby.
 
I traded badly but still made back the losses. Went short but it was a chase and got stopped out on CL. Then went long, and got stopped out. Went short on ES, got stopped out for 1 point.

Finally went long on CL but did not wait for confirmation of my indicator. I set a very wide stop and also went long on ES. My thought was that market had put in a reversal. Was down 26 ticks at one point on CL on this trade, but it finally hit my target and so did ES, so I ended up slightly positive. Next time I need the patience to wait for confirmation.
 
Quote from oraclewizard77:

I traded badly but still made back the losses. Went short but it was a chase and got stopped out on CL. Then went long, and got stopped out. Went short on ES, got stopped out for 1 point.

Finally went long on CL but did not wait for confirmation of my indicator. I set a very wide stop and also went long on ES. My thought was that market had put in a reversal. Was down 26 ticks at one point on CL on this trade, but it finally hit my target and so did ES, so I ended up slightly positive. Next time I need the patience to wait for confirmation.
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Glad you got your money back and learned a few things.
 
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