CL Redux

Quote from schizo:

My broken crystal ball spits out that we just might have reached the apex. What sez you?
More...

My broken crystal ball says price forgot what 88.00 was like and wants to visit it again for old times' sake.

Hey, tomorrow we have inventories and I have a special pre-inventory trade I do every week that's now produced something like 12 winners in a row (all on paper of course):

About 15-20 minutes before the news, you put on a trade at the current price, long or short, it matters not. DO NOT place a protective stop, because as we all know stops cause losses :p DO place a limit order to take profits. If you're a conservative trader, place your limit order 20 ticks away from your entry price; if you're aggressive go for at least 50 ticks.

Good luck!
 
Quote from NoDoji:

My broken crystal ball says price forgot what 88.00 was like and wants to visit it again for old times' sake.

Good luck!
More...

Thanks, I can use some luck these days. And speaking of ol' times sake, I s'pose we need to trade together more often.
 
Quote from schizo:

Thanks, I can use some luck these days. And speaking of ol' times sake, I s'pose we need to trade together more often.
More...

I really miss you telling me to stop trailing 10-tick stops and taking profits so fast :p
 
Quote from NoDoji:


About 15-20 minutes before the news, you put on a trade at the current price, long or short, it matters not. DO NOT place a protective stop, because as we all know stops cause losses :p DO place a limit order to take profits. If you're a conservative trader, place your limit order 20 ticks away from your entry price; if you're aggressive go for at least 50 ticks.
More...


That works but so does placing an order in the opposite direction of the move about 20 mins after the report. So In 40 mins I should be able to capture at least 100 ticks. Shit, it's such a given we all might as well trade it 10 lots at a time. Although this all will break by new rule which won't allow me to trade until after 11:30.
 
Quote from schizo:

My broken crystal ball spits out that we just might have reached the apex. What sez you?
More...

I'm not sure, but those narrow days make for an explosive powerful move. I'm going to go with the flow. Probably more bullish.
 
You must log in or register to reply here.
Back
Top