CL Redux

Quote from NoDoji:

I wasn't sure how to properly divide my mental energy at that point, because we all know that if you concentrate hard enough on where you want price to go, it helps your trade :D
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And did it go there?
 
Quote from tzachi:

Totaly agree. Lets see the big trades tomorrow reacting to Kadafi's son threats to burn all the oil reserve in his country if demonstrations will not stop.....
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He's gonna burn it all himself? I don't think that even the most loyal followers are going to turn their country into an even more backwater shithole like Yemen just cos some guy who will probably be executed if he doesn't flee quite soon says so.
 
Quote from tzachi:

And did it go there?
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Oh yeah, CL went where I wanted it to go and I guess my mental upside energy interfered with the 6E short because it was another scratch and didn't drop down to my target level until well AFTER I closed out the CL long :p

ADD: Have a good day, all, I'm outta here!
 
1) read post entirely , the scenario I gave is 1/2 weeks from now if Libya settles a bit ....

2) if oil is global Market why europe oil is $13 more than US oil

3) yes Big funds are on vacation today , so Market makers are squeezing SHORTS balls

Quote from Locutus:

:confused:

CL is a global market and finds equilibrium between total demand and total supply, so who cares which parties trade with whom? If the total supply is reduced, price goes up.

Mind you I don't disagree with the premise that it's going down. Today's bump was on barely any volume and it's not like any rebels or w/e new kinda government passes there is not going to want to make teh moneh. Probably a lot of small specs who think they're geniuses by trading the news. Will be interesting to see what happens when the big boys return to the table tomorrow.
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Quote from tzachi:

Totaly agree. Lets see the big trades tomorrow reacting to Kadafi's son threats to burn all the oil reserve in his country if demonstrations will not stop.....

What move the price is supply/demand but also speculations/expectations (for short term trades)..
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Totally true. I think the market is starting to go nuts now in reaction. Two nice bull bars on 5 min Will there be a third? :D
 
Quote from NoDoji:

When I first cranked up the platform this morning, CL was stuck in a range/flag formation. I wanted to sell 93.08 or buy 93.50, but in the meantime I traded 6E. My 6E short was a scratch on the fbo, but my CL short got triggered right after that. CL came close to my initial target zone, but found support higher, so I did a stop-and-reverse long on CL and 2 minutes later another 6E short was triggered. So I was long CL and short 6E at the same time. I wasn't sure how to properly divide my mental energy at that point, because we all know that if you concentrate hard enough on where you want price to go, it helps your trade :D
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Haha. This makes be feel better considering there are traders here that will trade other instruments. I used to wonder if I needed to specialize more...:)
 
Quote from schizo:

I believe the current dead cat bounce (or call it a Democracy Rally, geez) will end up as much-ado-about-nothing just like the Egyptian brouhaha. When the dust settles, we'll be dropping like a brick again. Be that as it may, placing a stop near 92.20-ish.
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Oh my god, I don't believe what I'm seeing. Can this be for real? The damn thing went over 95 (and I thought everyone would be sleeping in today).

Alright hand me a bitter pill so I can go back to sleep.
 
Quote from schizo:

Oh my god, I don't believe what I'm seeing. Can this be for real? The damn thing went over 95 (and I thought everyone would be sleeping in today).

Alright hand me a bitter pill so I can go back to sleep.
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That's what I said at 94.48. Do you see any reversal bars? :D

I like trading...:)
 
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