CL Redux

Here is sim account update
Trade#1 is closed based on limit sell 102.89 set on march 14 (April contact )
Profit/loss details later

Trade#2
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Entry: Long 103.30 , lots: 2 ( may contract )
Time : 03-18-11 04:21 AM
Reason: a) price retraced $1 from today high , this UN no-fly event may have $1.5 upside from these levels in a day or two
B) japan nikkei stabilising and s&p seems recovering from japan shock at 1285 level from 1260 levels

Quote from InvestVision. :
03-14-11 02:03 PM

Here we are with paper SIM account

1/ the account took big hit right after the start

2/ I thought of closing positions today around 100.30 levels for loss , then came this news event 'Bahrain' which is providing support.


7/ Now adding a 'limit sell' at 102.89

comments welcome ...
More...
 
Here is the daily CL chart I tried to post yesterday. However, it took over six hours for my post to appear, and when it did, the chart was no longer attached.

I am not a day trader, but if I were, then based on current price action on the daily, I would now be looking to take my long set ups and disregard short set ups, as both the major and minor trend are now both up

As I posted yesterday, I am long at $99.61, stop loss $96.21, and I will roll into May on Monday if my profit target nor stop losss has been reached by the pit close ...
 

Attachments

<< Comments ...
Seems rebels started ground offence with supplied arms from tunishia and Egypt
>>

http://blogs.aljazeera.net/live/africa/libya-live-blog-march-18
(All times are local in Libya GMT+2)

1:29pm
Pro-democracy fighters have attacked government positions near the western town of Nalut and the border with Tunisia on Friday morning, a fighter said.

"From four in the morning (0200 GMT) we attacked two centres where Gaddafi's forces are positioned near the town of Nalut and close to the Tunisian border," a pro-democracy_fighter in Nalut told Reuters by phone.

Four government soldiers and one rebel figher were killed in the fighting, he said, adding the rebels had captured 18 soldiers.



1:12pm
David Cameron, the UK's prime minister, says that his country will deploy Tornadoes and Typhoon aircraft in a Libya operation.

The aircraft will move to airbases in coming hours from where they can take action against the North African state.
 
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