CL Redux

91.46 was a key level on more than one time frame, which is why we got a good bounce there.

A break back down through it might not mean much, because 91.37 is the 20-day EMA. A break through THAT should result in some more selling.

Watching for possible longs now (after 9 shorts).
 
Quote from Picaso:

Shorted at .04 due to a technical mistake

So -10 +11 - 2 comms = Yes, yet another breakeven trade for the BE Master!
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.04 was my long, bailed b/e on the failure to break previous R, but then, while I stepped away, CL stealthily ran right through it!

Only 3 b/e trades out of 12 today.

I love how previous R (.19) became support by 1 tick just a while ago. Today is one of the most technically obedient days I've ever seen.
 
Shorted at .04 due to a technical mistake (wanted to introduce a stop to get long at .06, Ninja warns me when I do something stupid like placing an order on the wrong side of the ladder, hahaha, but IB admitted the stop (as an if-touched I guess)) out at .14 (-10 ticks).

Then shorted at .14 and out at .03 (had a target at .92, it reached .95, then tightened the stop.

So -10 +11 - 2 comms = Yes, yet another breakeven trade for the BE Master!

Incidentally, I'm so sunburned I look a German tourist in the Canary Islands :p

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Since I couldn't post the trades in real time (elitetrader was not loading) I'm posting a blotter. I will still try to post in real time.

(Time zone is European Central Time - EST + 6)
 

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Quote from NoDoji:

[BToday is one of the most technically obedient days I've ever seen. [/B]
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SIM

Yes today is my best gain day so far +944 lets see if I am able to hold this or add till EOD.

I thought 1 of the rules to detect choppy CL was Nodoji posting alot of posts during RTH. :)

Picaso : Enjoy your vacation and focus on market action too :)
 
Quote from riskaddict:

So far this has gone over like a lead turd. I went short 3 qm's at 91.45 and got stopped out of 1 at .62. My 1st take profit target is at 90.90.
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LOL i forgot I even had a trade on, out at 90.85. Thank god for expiration emails!
 
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