Out 85.20
CL Redux
- Thread starter schizo
- Start date
Quote from Picaso:
long .36
stopped out .27
Edit: Not shadowing IV, actually posted with a bit of delay - bear with my (connection) issues and cut me some slack
I'm not posting trades, also having some intermittent connectivity issues. I went short .36 at 09:31am ET, seems like same time you went long.
Is this a pivot point thing? Because I see no long signals anywhere here, other than that pivot point line @ .32, which is an indicator, not really a signal.
No pivots here. Entered way too late and even though I thought of entering via stop at the top and/or bottom of the previous candle, I'm not very confident about trading with stops from here (maybe I got it backwards and it would be <i>better</i>???
Also in my chart .36 is a bounce from the 20 EMA - which I don't really use, but I thought you did?
OK, here it goes...
NYMEX-Crude higher on Middle East turmoil, China
http://www.reuters.com/article/2011/02/15/markets-energy-nymex-idUSN1530384620110215
* China's inflation lower than forecast in January
* Middle East protests fuel supply disruption fear
* Coming up: API oil data at 4:30 p.m. EST Tuesday
NEW YORK, Feb 15 (Reuters) - U.S. crude oil futures prices rose on
Tuesday on lower-than-expected Chinese inflation figures and by unrest in Bahrain and Iran that kept concerns about potential supply disruptions in focus.
Chinese inflation was lower than forecast at 4.9 percent in the year to January, but price pressures continued to build and will force the central bank to stick to its course of gradual monetary tightening.
[ID:nTOE71E01Y]
Ahead of weekly inventory reports, a Reuters poll of analysts on Monday forecast that U.S. crude inventories rose 2.6 million barrels last week, with expectations that crude stocks at Cushing rose to another recordlevel. [EIA/S]
Distillate stocks were forecast down 1.0 million barrels while gasoline stocks were expected to show a 1.5 million barrel increase.
FUNDAMENTALS
.
* Police in Bahrain used tear gas to break up the funeral procession of a Shi'ite protester killed in clashes on an anti-government "Day of Rage," witnesses said, and another person was reported to have died.
[ID:nLDE71E066]
* Iranian lawmakers urged judiciary to hand out death penalties to opposition leaders for fomenting unrest after a rally in which one person was killed and dozens were wounded, state media said. [ID:nHAF530028]
* Hundreds of anti-government demonstrators and government loyalists fought with rocks and batons in the Yemeni capital
http://www.reuters.com/article/2011/02/15/markets-energy-nymex-idUSN1530384620110215
* China's inflation lower than forecast in January
* Middle East protests fuel supply disruption fear
* Coming up: API oil data at 4:30 p.m. EST Tuesday
NEW YORK, Feb 15 (Reuters) - U.S. crude oil futures prices rose on
Tuesday on lower-than-expected Chinese inflation figures and by unrest in Bahrain and Iran that kept concerns about potential supply disruptions in focus.
Chinese inflation was lower than forecast at 4.9 percent in the year to January, but price pressures continued to build and will force the central bank to stick to its course of gradual monetary tightening.
[ID:nTOE71E01Y]
Ahead of weekly inventory reports, a Reuters poll of analysts on Monday forecast that U.S. crude inventories rose 2.6 million barrels last week, with expectations that crude stocks at Cushing rose to another recordlevel. [EIA/S]
Distillate stocks were forecast down 1.0 million barrels while gasoline stocks were expected to show a 1.5 million barrel increase.
FUNDAMENTALS
.
* Police in Bahrain used tear gas to break up the funeral procession of a Shi'ite protester killed in clashes on an anti-government "Day of Rage," witnesses said, and another person was reported to have died.
[ID:nLDE71E066]
* Iranian lawmakers urged judiciary to hand out death penalties to opposition leaders for fomenting unrest after a rally in which one person was killed and dozens were wounded, state media said. [ID:nHAF530028]
* Hundreds of anti-government demonstrators and government loyalists fought with rocks and batons in the Yemeni capital
this may be outside the context of this thread, but has anyone used dynamic hedging with collars (aka risk reversals with their long or short entries)? The good news is that it limits risk, but the bad news is that it limits profits too. However, it seems that over the long haul it has a very positive expectancy. Therefore, I would be able to use leverage to offset the profit limitation associated with hedging.
any thoughts?...
Walt
any thoughts?...
Walt
Long 85.30
