close 90.04
CL Redux
- Thread starter schizo
- Start date
Closed my short 91.73 covering at 90.83 (had the trade in as GTC)
Now I'm long 89.50 for a mid-term trade, I'm looking to close this one at 94.50
I've looked at the charts and from Jan-Feb to mid-April, CL has always gone up (can someone confirm to see I didn't mess up?)
But anyways, does anyone think crude will go back down? I would have liked to pick up more contracts at 89.50.
Now I'm long 89.50 for a mid-term trade, I'm looking to close this one at 94.50
I've looked at the charts and from Jan-Feb to mid-April, CL has always gone up (can someone confirm to see I didn't mess up?)
But anyways, does anyone think crude will go back down? I would have liked to pick up more contracts at 89.50.
Quote from zxd:
Now I'm long 89.50 for a mid-term trade, I'm looking to close this one at 94.50
If it goes to 94.5 it is probably to 95 or higher you might as well just hang on to it and let a trailing stop take you out.
Looks like you have that chance here.
I just day trade it and follow price, so no opinions where it will go from here.
EDIT: I will add a technical opinion though. Generally when price double tops and breaks down the 20-day MA and closes below it, a test of the previous support is in the cards. That would be 88.45.
Averages can be misleading but looking at the ATR right now it's around 2 bucks. I don't really pay much attention to volume overall only as it pertains to certain moves. My guess for a daily avg volume taking all hours into consideration would be 150,000 - 200,000 on the active month but during the pit hours I'm sure it's much higher.
Nice little trend forming on 5 min so I'll be short when it breaks the line. At 89.90
Nice little trend forming on 5 min so I'll be short when it breaks the line. At 89.90
covered at 89.50
Looking to re-short below 89.20 the DX finally may have made a higher low. I might just buy the dollar 
Quote from riskaddict:
the DX finally may have made a higher low. I might just buy the dollar
Opps! I dipped my toe in and it got bit off in about 1 min.
