CL Redux

BCE · Jan 28, 2011

Quote from jones247:

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.

That's okay. No problem. We started to talk about this a little while ago. And we're interested in the topic of adding to a winning trade.

But back to the market right now.

NoDoji · Jan 28, 2011

Quote from NoDoji:

Long .17, stp .12

Out +.20

BCE · Jan 28, 2011

Quote from NoDoji:

Long .17, stp .12

There you go. Hard to know when to take a profit now at these levels and after this move, and when to let it ride.

EON Kid · Jan 28, 2011

Quote from NoDoji:

Long .17, stp .12

nice entry, I like that

zxd · Jan 28, 2011

Shoot, I wish I didn't have to sell half how I did but it was almost necessary to ensure not taking a huge hit, I'll still profit at my original target. With this big jump in oil can we say we out of the bear's woods?

NoDoji · Jan 28, 2011

Quote from EON Kid:

nice entry, I like that

I learned everything I know from you, Kid

EON Kid · Jan 28, 2011

Quote from NoDoji:

I learned everything I know from you, Kid

The big boys knew exactly what they were doing, who has the capacity to swing CL $5.

My condolences to those who got torn a new Ahole

BCE · Jan 28, 2011

Quote from zxd:

Shoot, I wish I didn't have to sell half how I did but it was almost necessary to ensure not taking a huge hit, I'll still profit at my original target. With this big jump in oil can we say we out of the bear's woods?

I've been thinking about you all morning. And I was hoping my comments yesterday didn't have a negative affect on these particular trades. They were just some comments on trading in general. I'm really happy that you at least made some money.

riskaddict · Jan 28, 2011

Brent is only up 1.75% does this start to bring things back to normal?

NoDoji · Jan 28, 2011

Quote from BCE:

There you go. Hard to know when to take a profit now at these levels and after this move, and when to let it ride.

This volatility's insane. I've resorted to a very small time frame and took that last long off for .20 when it double topped on the 1-min, figuring if no break thru .49, then I'll take a paycheck on the spot.