CL Redux

Quote from BCE:

Wow! Does this mean gas in California will now be $1.51 a gallon? :p

ADD Bounced off S2

are your pivots based on regular trading hours only? i know you use ninjatrader but your pivots always differ from mine. i use QT.
 
Quote from DonCorleone:

are your pivots based on regular trading hours only? i know you use ninjatrader but your pivots always differ from mine. i use QT.
I remember that. We'll have to look into that. I think it's for the pit hours maybe.

2:09p

BREAKING

Silver futures settle 7.6% lower at $42.59/ounce
 
Tempted to play a bounce here but too chicken. :p :D So much selling pressure.

ADD If I got in at 110.60 it would drop to 119.80 within one minute. :D
 
Quote from DonCorleone:

check out silver on daily chart. right on up trend line. tempting.
Silver is always tempting these days. I'm trying to not look at the chart as I'll be tempted. :p No, I look, but then remember what happened on Sunday.

BTW in the way of correction of the info I gave on that trade I inadvertently entered with my real money on Sunday, looking at the chart again and remembering what happened, I was actually up $2800 in about 15 seconds, but didn't notice it was my real account til it pulled back. This took about 20 seconds to where I was down $2000. A $4800 drop = 48 cents for 2 contracts in 20 seconds. And as I mentioned I was lucky it didn't drop more, which it had during that selloff.

I mentioned also I didn't use a stop on that trade as I thought it was just a SIM trade. And I didn't. But I had been using stops and then moved them immediately to b/e even on the SIM trades. I feel very fortunate to have actually made $400. And I try not to think about the fact that I could have made $30,000 holding the position for about 75 more minutes. This is absolutely true. :)
 
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