CL Redux

[BCE]

Quote from NoDoji:

This back-and-fill is making me crazy. I'm short a while ago, targeting 100.90, moves almost 40 tick in my favor and I lock in .20, takes me out for the .20, and I go grab a snack, come back to see price moved a couple ticks through my original target!

I guess you hold for stop/target, or you turn into a scalper

I've been in and out today and missed a great move out of the 100.51 just when I turned my computer back on as I was waking up. And this is the wrong thread, but true confessions are, I've been trading TF today, as it's been much more predictable. Oils weak, jobs data is great, been selling off lately. Buy the pullbacks.

Next level down support for CL is obviously 100.40 at S1 and then it looks like there's support around 99.50. In that range.

 

[Totalizator]

Oil has shifted.. it is bearish now.. it had lots of reasons to run to 110 in WTI.. it did not.. it is slowing down.. sell sell sell.. down 3-5 bucks overnight!

 

[NoDoji]

Quote from schizo:

Sonnuvabitch. If and when the low is taken out, you're supposed to head lower, no? We took out 11:40 low but here we are like half-baked jackass not knowing what to do.

There's a freakin' bid at every level. Just plunk your buy limit orders at every previous bar low, screw pivot lows, every previous 5-min bar is bought up for at least a decent scalp!

We can scalp our way to retirement today

 

[schizo]

Out 100.97

Quote from schizo:

Short 101.75
Added 101.62

 

[BCE]

Quote from schizo:

Out 100.97

Nice trade.

 

[Totalizator]

100.50 april will be broken in next 30 minutes.. tehn down a nother buck.. get short now.. i read the rules of this post.. 20 pt stop is way too small for CL LOl

I am currently short 650 UCo at 52.98 .. i lost $ 1100 yesterday by getting out of my uco before the supply data.. i could not re short uco due to IB not having the shares...

SLD 1 QM APR11 Futures 98.575 USD NYMEX MAR 1 07:45:04 BookTrader 2.07
BOT 1 QM APR11 Futures 98.500 USD NYMEX MAR 1 07:46:08 BookTrader 2.07 33.36
SLD 1 QM APR11 Futures 98.275 USD NYMEX MAR 1 09:08:57 2.07
BOT 1 QM APR11 Futures 98.275 USD NYMEX MAR 1 09:11:55 BookTrader 2.07 -4.14
BOT 1 QM APR11 Futures 100.875 USD NYMEX MAR 2 07:02:48 BookTrader 2.07
SLD 1 QM APR11 Futures 100.800 USD NYMEX MAR 2 07:03:04 BookTrader 2.07 -41.64
SLD 1 QM APR11 Futures 100.750 USD NYMEX MAR 2 07:04:23 BookTrader 2.07
BOT 1 QM APR11 Futures 100.650 USD NYMEX MAR 2 07:04:58 BookTrader 2.07 45.86
SLD 1 QM APR11 Futures 101.150 USD NYMEX MAR 2 23:49:05 BookTrader 2.07
BOT 1 QM APR11 Futures 101.100 USD NYMEX MAR 2 23:50:14 BookTrader 2.07 20.86
SLD 200 UCO Stock 50.05 USD ARCA FEB 25 11:47:00 BookTrader 1.00
SLD 100 UCO Stock 50.23 USD ARCA FEB 25 11:51:38 BookTrader 1.00
BOT 300 UCO Stock 49.82 USD SMART FEB 25 12:08:40 1.50 83.50
SLD 100 UCO Stock 50.09 USD ISLAND FEB 25 12:42:43 BookTrader 1.00
BOT 100 UCO Stock 50.10 USD SMART FEB 25 12:44:57 BookTrader 1.00 -3.00
+ BOT 100 UCO Stock 50.130 USD ISLAND FEB 25 12:50:04 BookTrader 1.00
SLD 100 UCO Stock 50.26 USD ISLAND FEB 25 12:53:18 BookTrader 1.00 11.04
SLD 100 UCO Stock 49.9201 USD SMART FEB 28 11:29:36 1.00
BOT 100 UCO Stock 49.51 USD SMART FEB 28 12:14:22 1.00 39.01
SLD 100 UCO Stock 50.38 USD ARCA MAR 1 07:33:09 BookTrader 1.00
SLD 100 UCO Stock 50.49 USD ISLAND MAR 1 07:36:21 BookTrader 1.00
SLD 50 UCO Stock 50.69 USD ARCA MAR 1 07:42:11 1.00
SLD 50 UCO Stock 50.94 USD ISLAND MAR 1 07:52:29 1.00
SLD 100 UCO Stock 50.80 USD ISLAND MAR 1 08:06:24 1.00
SLD 100 UCO Stock 50.84 USD SMART MAR 1 08:41:32 1.00
SLD 100 UCO Stock 51.14 USD SMART MAR 1 09:58:28 1.00
+ BOT 600 UCO Stock 52.578 USD ISLAND MAR 2 08:21:15 3.00 -1110.50
SLD 300 UCO Stock 52.23 USD ISLAND MAR 2 08:53:19 1.50
SLD 100 UCO Stock 53.8301 USD SMART MAR 2 10:03:33 1.00 0.00
SLD 100 UCO Stock 53.75 USD SMART MAR 2 12:38:30 1.00
SLD 50 UCO Stock 53.39 USD ARCA 07:40:18 BookTrader 1.00
SLD 50 UCO Stock 53.79 USD ISLAND 08:33:28 BookTrader 1.00
SLD 50 UCO Stock 53.21 USD ISLAND 09:13:34 1.00

 

[BCE]

Just in way of contrast to CL's back and fill. Here's a 3 min for TF this morning. Oh, that trend.

 

[EON Kid]

Go long!

 

[NoDoji]

Quote from EON Kid:

Go long!

Not yet, Kid. First gotta shake out the weak hands with a fbo below .37. Place your buy limit at .36 and pray for the fill. Place your protective stop @ .26 in case your prayer is answered by the devil

 

[NoDoji]

Quote from NoDoji:

Not yet, Kid. First gotta shake out the weak hands with a fbo below .37. Place your buy limit at .36 and pray for the fill. Place your protective stop @ .26 in case your prayer is answered by the devil

Sorry about that stop placement, guys. I didn't notice the pivot point @ .24