CL Redux

Quote from zxd:


what if I had a sell order for 2x my position at 86.53, then a buy order for 2x my position at 86.10, and waited for the announcement to close out my position; would a similar trade be able to work every week?

It's just like closing the position and going short, then closing the short and going long, and then closing the long position,
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It works splendidly all the time not just Wednesdays. When I say stop and reverse that is all I'm doing. It takes some of the thinking out of the process! If you think a price is significant why not try to profit from it instead of just avoiding a larger loss. Although my dad always told me not losing is just as good as winning, but he was a bookmaker so in his case I can understand the logic

Looks like oil bulls are about to feel the horns from the dollar bulls!!! :p
 
Quote from zxd:

After seeing how crazy it was at 10:30 with the EIA report I was thinking of a type of trade that could be very profitable...
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Well, I must say my inventory play of no stops, only targets is still a 100% winning play. Some day I'll actually do that trade live and it will be the day it runs straight against me 5 points :eek:
 
<a href="http://s1219.photobucket.com/albums/dd438/bswansen1/?action=view&amp;current=3133_1567_bull-balls.jpg" target="_blank"><img src="http://i1219.photobucket.com/albums/dd438/bswansen1/3133_1567_bull-balls.jpg" border="0" alt="Photobucket"></a>
 
This thread has it all including high end graphics. :) What more could you ask for? BTW this graphic from risk is from the Power Point presentation he gave to the Fed. :)
 
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