CL Redux

[Picaso]

Quote from schizo:

Stop at b/e
pt 99.65

I just love this slowass volatility.

Nice flipping, Schizo, but if I may ask: isn't 99.65 (RTH LOD) a point that, if reached should start popping some stops? That is, wouldn't it be better to target a bit less (safer) or a bit more (less prob, but higher profit).

An honest question, not telling you how to trade, of course.

 

[schizo]

Quote from schizo:

Short again 100.60

Stop at b/e
pt 99.65

Stopped out. It appears that we'll chop here at the top.

 

[schizo]

Quote from Picaso:

Nice flipping, Schizo, but if I may ask: isn't 99.65 (RTH LOD) a point that, if reached should start popping some stops? That is, wouldn't it be better to target a bit less (safer) or a bit more (less prob, but higher profit).

An honest question, not telling you how to trade, of course.

99.65 also happens to be yesterday's HOD. However, what's missing from the equation is the momentum. With this kind of drip-drip piss-me-off momentum, I doubt the bears could even push the market down to 99.65, let alone break below. Unless, of course, you hear some bad news out of Japan.

 

[Picaso]

Quote from schizo:
However, what's missing from the equation is the momentum[/B]

OK, thank you, Schizo

 

[schizo]

Placing a limit sell order at 100.88

 

[richkela]

Went long above the 8:30 am PT 5 minute bar @ 100.45. Exited @ 8:47 am 100.68. Market had been trending up. Resistance was 100.78

 

[InvestVision]

We will see 9965. Regardless of japan

We have lots time for baharin issues. Eod and tomorrow. IMHO

Quote from schizo:

99.65 also happens to be yesterday's HOD. However, what's missing from the equation is the momentum. With this kind of drip-drip piss-me-off momentum, I doubt the bears could even push the market down to 99.65, let alone break below. Unless, of course, you hear some bad news out of Japan.

 

[tomahawk]

My worthless .02 ... based on the action, today's RTH low, and this hourly chart, I think we should see 101.50-.85 today.

 

[InvestVision]

Sell more 101.93 , stop. .10 for these (. May. Contract)

 

[schizo]

Quote from tomahawk:

My worthless .02 ... based on the action, today's RTH low, and this hourly chart, I think we should see 101.50-.85 today.

I think the top just came in at 100.97 (just a newbie hunch).