CL Redux

stopped.
cant complain today though.
Was thinking I was due a bad losing day, but it's been quite good. 3rd winning day in a row.
Done for now I think
 
http://www.marketwatch.com/story/go...er-falls-again-2011-05-06?link=MW_latest_news

“Fund liquidation and a series of margin increases [are] hitting the market hard,” said analysts at MF Global.

Gold and silver prices had surged in recent months amid geopolitical turmoil, and as many developing market countries raised interest rates to combat inflation.

“There are two lessons that can be learned.
- The first is that markets fall much faster and harder than they do going up,
- while secondly, the bigger selloffs are not necessarily triggered by any one headline, but rather a culmination of events that finally come together to burst the bubble in question, and usually at the most unexpected time,” said the MF Global analysts.

The plunge in precious metals triggered sharp declines for other commodities, particularly on oil and other energy products.
 
Quote from Picaso:

long .35

target 102 flat

out be - actually with some positive slippage

Tried to close at +25t when I saw the red prints on the T&S, but the DOM popped up some (different) confirmation message and by the time I went to click it was gone.

Oh well...

---

We're getting 40-50 ticks in one minute bars, yihaaaa!!!!
More...

OK, this hurts...
 
Quote from oilfxpro:

I probably expect 104 , because I believe it has been oversold by 5%.

My average is 101.00.

Euro still has upside potential with further rate rises.

I did not expect the fall below 102 , because 105.50 was previous major support
More...

Out at 102 , and see my big balls.:) :)

Survived all the way down to 94.70 .......... :D

And now went short

And today was a long bias.
 
Quote from mr888:

Nice call, did you bail on that?
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breakeven

thought of re-entering at .30, then .50, then with a stop on the breakout of .92... but got paranoid :D
 
Quote from Picaso:

breakeven

thought of re-entering at .30, then .50, then with a stop on the breakout of .92... but got paranoid :D
More...

Can't blame ya, Going long 101.25 Target 106
 
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