CL Redux

BCE · Mar 9, 2011

Quote from DonCorleone:

ok, no wonder. i use quotetracker and have standard and camarilla up on my charts.

I'm curious about this too. I was just looking into it. I'll check more later.

InvestVision · Mar 9, 2011

out 104.40

Quote from InvestVision:

add 103.97

schizo · Mar 9, 2011

Quote from schizo:

Thanks, but these a-holes love to trap bears, don't they?
.
LONG .35

Out be

schizo · Mar 9, 2011

Long 104.15

InvestVision · Mar 9, 2011

7 ugly options for the U.S. in Libya

http://globalpublicsquare.blogs.cnn.com/2011/03/09/7-ugly-options-for-the-u-s-in-libya/?hpt=T2

BCE · Mar 9, 2011

Quote from InvestVision:

7 ugly options for the U.S. in Libya

http://globalpublicsquare.blogs.cnn.com/2011/03/09/7-ugly-options-for-the-u-s-in-libya/?hpt=T2

I knew about these options, none of which seems to work well. That's why they're not doing much. Tough situation. Lucky we're just trading CL and not one of the poor Libyan citizens.

schizo · Mar 9, 2011

Quote from schizo:

Long 104.15

Out 104.14

BCE · Mar 9, 2011

Bertha Coombs on CNBC from NYMEX is saying the reason we see the over $10 price differential between Brent and CL is what we already knew, Brent is more influenced by the bombings, etc. in Libya, while CL is being more influenced by the supply increase in Oklahoma. She's saying traders will not be short over the weekend, but this may pullback on Monday if there are no new major developments over the weekend.

Also CNBC is saying the USD slips as Portugal sells 2-yr Bonds.
http://www.marketwatch.com/story/dollar-slips-euro-gains-after-portugal-auction-2011-03-09

BCE · Mar 9, 2011

Quote from schizo:

Out 104.14

Good move. Just stalled there.

ADD Of course now it will go to 105.

ADD2 The 104.21 quadruple bottom from earlier in the day has acted more as resistance now the last half hour of so.

oraclewizard77 · Mar 9, 2011

i think I was getting a win% of 50% today. I was picking the right direction and getting stopped out by a few ticks before the trade went my way. I kept ending up around + $ 20 for the day. Took an ES trade after seeing it miss my limit order go all the way down and then back up, so shorted again, and of course now got stopped out. Finally took 1 last CL trade, and yes probably I am over trading a bit, but it was a winning scalp and am now up for the day though not much due to commissions.