CL Redux

[EON Kid]

Quote from Good Fortune:

Anyone have a fib level from the high of this thing to when it began middle of Feb? I can't pull that tool up on my pc right now....

levels are below $98

 

[NoDoji]

Quote from bighog:

good deal.. i was thinking you were upset not going short on the 0930 est bar at 130.30..

i came in late ..

No, no, I shorted @ 103.16 when it hit its head at on 103.31 about 4 times. I'm trading the trend in pieces today, in retrospect could still be holding, but so much volatility, so much retracing of entire moves, I prefer taking pieces at a time.

 

[BCE]

20 EMA now is 101.21. Was way overbought. Fundamentals stacked against it. We'll see what happens. They may short into rally attempts or at some point buy the dips.

ADD Good entry on my bold 100.76 long, but too early of an exit again, he said after the fact. You're not sure where it bottoms. Obviously could have reentered. Ordinarily I would have held that original entry longer, but it's so volatile today. I think scalps are still the way to go.

 

[Good Fortune]

Quote from EON Kid:

levels are below $98

Ok thanks....

 

[InvestVision]

I guess big boys washed ALL stops of long positions
Now 104.50+ by. Friday eod. , the day of rage Saudi Arabia

 

[NoDoji]

Quote from InvestVision:

I guess big boys washed ALL stops of long positions
Now 104.50+ by. Friday eod. , the day of rage Saudi Arabia

If you started going long in the mid-90's, you're still quite profitable; this is just a normal pullback-in-progress. If we break 98.00, they'll get worried

 

[BCE]

Quote from InvestVision:

I guess big boys washed ALL stops of long positions
Now 104.50+ by. Friday eod. , the day of rage Saudi Arabia

I was thinkiing about the Saudi thing. I didn't have time to look it up. Are you sure that's what it's called?

ADD Yes that's it. Link in a second.

 

[NoDoji]

Looking at the daily chart I see that the 100.62 support was just a few ticks above the ancient upper channel line from before the madness. (Nov thru Jan pivot lows, parallel line thru the Dec-Jan pivot highs).

There you go, Hog, a Paleolithic trend line offers a fine bounce in the down trend

BCE, you left a bit on the table

 

[Totalizator]

Quote from NoDoji:

No, no, I shorted @ 103.16 when it hit its head at on 103.31 about 4 times. I'm trading the trend in pieces today, in retrospect could still be holding, but so much volatility, so much retracing of entire moves, I prefer taking pieces at a time.

nice trade no doji!

thanks for showing T & S

BOT 300 UCO Stock 52.50 USD SMART 08:47:02 BookTrader 1.50
SLD 300 UCO Stock 52.76 USD SMART 08:52:31 1.50 75.00

 

[NoDoji]

Quote from bighog:

have you by chance hit over 300 yet in a single day? I imagine you have.

Maybe

ADD: There was a the day post flash crash in May where I looked to scalp some 5 pt moves in ES, got 15 pt moves and left another 10 on the table.

There've been days in this CL volatility where I looked to scalp 50-tick moves, got 1-pt moves and left more than another pt on the table.