CL Redux

Quote from BCE:

Hey I left 1.19. But I did get .16. So it was close to target. :D At least we can laugh (or are those tears I see?). :)
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I can't complain, it's been a great day, but had I held that last long for target, then trailed a stop on the 1-min chart, it would've been an all-time record day for me.
 
Quote from NoDoji:

I can't complain, it's been a great day, but had I held that last long for target, then trailed a stop on the 1-min chart, it would've been an all-time record day for me.
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That's great anyway. Sorry I missed the earlier moves, although I was here in time for this last break which I mostly missed. Oh, well. :)
 
Quote from InvestVision:

“It looks like there is a lot of worry in the market about a possible closure of the Suez Canal because of the escalating tensions in Egypt,” said Carl Larry, president of Oil Outlooks & Opinions LLC in Houston. “That makes perfect sense about the rally we’re seeing in the crude market.”

The Suez Canal, which connects the Mediterranean and Red Seas, moved 1 million to 1.6 million barrels a day of oil and refined products north to Europe and other developed economies in 2008 and 2009, according to the Energy Information Administration, the statistical arm of the U.S. Energy Department. The EIA identified the canal as one of seven “world oil transit chokepoints” in a report earlier this month.
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Got it!
 
Quote from EON Kid:

ex be, this is BS I'm shorting this
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So volatile. Be careful as so far they're buying any pullbacks and driving it higher. Got to top out somewhere.
 
Quote from BCE:

So volatile. Be careful as so far they're buying any pullbacks and driving it higher. Got to top out somewhere.
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I think there's some major resistance around $147 :D :D
 
I apologize, as this post may be a bit off target for this thread; however, it's applicable to a volatile instrument such as CL...

With that said... has anyone tried to develop a technique that averages down and averages up? By averaging up you offest the negative risk/reward associated with averaging down; although it also offsets the improved avg price of your positions. Nonetheless, it captures the explosiveness associated with averaging up on the right side of the market. The profit & loss targets will need to be based on $ threshold instead of pure ticks from entry.

Again, sorry for the tangent... perhaps I'll start a thread dedicated to this concept.
 
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