CL Redux

Long .02

stop to be

Target new HOD

Looking for a place to add :D Optimists know no cure :D

:41 stop to .10 in preparation to add (and move stop to average be)

:42 stopped out at .09 (rolling today +$56!!! yahoo!!!)

118th, who would have thought it?

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Where's that FLIP button when you need it? :D
 
Quote from Daxspreader:

Im guessing I actually trade very differently to most of the people on this board. I predominantly trade spreads - both calendars, and WTI-Brent spread. For this particular trade, you could see that the WTI-Brent spread was narrowing fast at the same time the WTI was moving up, the Brent was really struggling to go up, and in fact was ticking downwards. I sold WTI on the back of this observation, ready to buy the Brent contract if the trade didnt work in my favour (thus selling the spread at favourable prices).

Hope this helps. It takes a bit of getting used to, but I find keeping an eye on the Brent chart an invaluable tool.

Cheers

DS
More...

WTI is very weak compared to Brent at the mo :confused:
 
One Possible explanation
On April expiry WTI. Closed $1 above brunt due to lots of oil financial wti contracts as per one news post

Now wit/brunt spread doing. RTM
Quote from Daxspreader:

WTI is very weak compared to Brent at the mo :confused:
More...
 
Quote from InvestVision:

One Possible explanation
On April expiry WTI. Closed $1 above brunt due to lots of oil financial wti contracts as per one news post

Now wit/brunt spread doing. RTM
More...


At the moment:

Brent range = 142 ticks
WTI range = 163 ticks
Spread range = 130 ticks

So both oil markets not moving together at all and making highs/lows at completely un-synchronised times!
 
So, my patent-pending Kamikaze Pivot Scalping Method has been working like a charm. I just take a position (long or short, doesn't matter) in the middle of the soup (for the last hour, 106.02) and then exit on the shiny side. I don't see how anything could possibly go wrong. :D
 
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