CL Redux

probably add at 6.20 or below 4.80,above 100,the shale oil is a 30 dollar profit, they will start mining again and cut into the oil mrkt,it seems ,imho, that oil up here makes a lot of competitors profitable,and it would be smarter if you are oil to keep them out,probably too simple so take it with a grain of salt
 
Quote from BCE:

True about patience, but also true about all the backfilling the last couple of days. Especially yesterday.

True confession - The reason I exited my long just as it broke out was I was thinking, "Hey, BCE why are you being so greedy? Share the wealth with those less fortunate who may have just entered their position where you can now exit." What a kind and thoughtful person that BCE is. :p :p :p
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Come on, dude, nut up! You trade the TF! I've heard about that thing. There can't be nothing new under the sun for you trading this wimpy CL! :D
 
Quote from ammo:

probably add at 6.20 or below 4.80
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Just curious, why would you hold the original position and add at 6.20 other than the level you see there whatever it was. Why not just place a tight stop here and you can reenter at 6.20 or right here if it fails as ND is saying. Why ride it all the way up there? And if you add there what if it goes to 110? 115? I started this before it broke.

ADD testing R2 @105.75

R3 = 107.60
 
a nip is resistance until it doesnt hold,it represents a spot where there were a lot of buyers and sellers, the leftover longs may want to cover here for a scratch,that nip is very hard to read because of the 3 yr chart,so the entry is somewhere on the nip,it could easily break above and i'll be out,if correct i'll add,it's more of a line in the sand trade, not a scalp.i don't trade oil too often ,it just had such a big run, i was looking for a pullback
 
Quote from ammo:

a nip is resistance until it doesnt hold,that nip is very hard to read because of the 3 yr chart,so the entry is somewhere on the nip,it could easily break above and i'll be out,it's more of a line in the sand trade, not a scalp.i don't trade oil too often ,it just had such a big run, i was looking for a pullback
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I wasn't suggesting a scalp. It will top out somewhere as we know. But I meant it more of a good entry on a swing trade short maybe. And protecting yourself in case that's a ways off. It all comes back to my thoughts on averaging into what maybe starts out as a small losing position, but can easily get away from you quickly especially in this news driven climate. Good luck with your trade though.

ADD I don't see longs bailing here barring any new damaging news. Aren't longs looking for $200? A bit of an exaggeration, but you know what I mean. Longs have been right now for the better part of 2 weeks. Maybe they'll let it go to their heads. :)

ADD some more :) It seems resistance is more commonly at or approaching whole dollar levels, like just now, or pivots R1, R2, or R3.
 
Didn't I tell ya Sunday night is damn bullish. I would think even the most stubborn bears have covered by now. That run up to 105.92 is just sick.
 
Quote from schizo:

Didn't I tell ya Sunday night is damn bullish. I would think even the most stubborn bears have covered by now. That run up to 105.92 is just sick.
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Yes you did. That really was a good read. You saved yourself a lot of money so far.
 
Quote from NoDoji:

Come on, dude, nut up! You trade the TF! I've heard about that thing. There can't be nothing new under the sun for you trading this wimpy CL! :D
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Definition - "nut up"

v. To ejaculate. Literally, when one's testis climb to a "high & tight" position just before launch.

Hmmm. I'll have to try this to relieve any trading tensions. Thanks for the advice. :D I knew I was forgetting something. :p :p :p


He's out of here. Have a good night all. See you tomorrow morning.
 
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