CL Redux

BCE · Jul 22, 2011

Quote from DonCorleone:

out at .62.

nice trade BCE!

U2!!!!!

Yours was better.

JoshDance · Jul 22, 2011

Nice job guys.

I was looking to long before that move up, but expected to see .18 tested first, and it only made it to .28, and by the time it started to move up I didn't want to long into .60ish, and the rest is history.. just watched.

BCE · Jul 22, 2011

Quote from JoshDance:

Nice job guys.

I was looking to long before that move up, but expected to see .18 tested first, and it only made it to .28, and by the time it started to move up I didn't want to long into .60ish, and the rest is history.. just watched.

Sometimes we just miss it and I'm like you, the longer we miss the initial trade, the less likely I am to enter. Not into chasing it. But sometimes if we get in right away and just miss the first move it's okay. But this really flew up.

BCE · Jul 22, 2011

BTW Those interested in making equally good trades as DC and I do can purchase the BCDE indicator. I believe Waxie sells it.

DonCorleone · Jul 22, 2011

s@.94, .15 st

edit: stop moved to b/e 13:02 eastern

BCE · Jul 22, 2011

100 is saying, "CL, come to me. I'm everything you ever wanted." And CL is saying, "Well, okay. But how can I trust you when every time I come there lately you knock me down?"

DonCorleone · Jul 22, 2011

Quote from BCE:

100 is saying, "CL, come to me. I'm everything you ever wanted." And CL is saying, "Well, okay. But how can I trust you when every time I come there lately you knock me down?"

there's a down trend line starting from May 11th on the daily chart, fwiw. 100 is touching point, +/- a few ticks.

BCE · Jul 22, 2011

Quote from DonCorleone:

there's a down trend line starting from May 11th on the daily chart, fwiw. 100 is touching point, +/- a few ticks.

Great entry BTW. Got distracted myself.

Hope you took that .60 or .58 just now.

JoshDance · Jul 22, 2011

Quote from DonCorleone:

there's a down trend line starting from May 11th on the daily chart, fwiw. 100 is touching point, +/- a few ticks.

You mean this first one?

It has actually broken through it, did so yesterday in fact.

Quote from JoshDance:

I think the bias is still clearly up though. I think we need to find this line at some point.

Even though the July range is narrowing, I would expect buyers to search for even this line.

DonCorleone · Jul 22, 2011

Quote from BCE:

Great entry BTW. Got distracted myself. Hope you took that .60 or .58 just now.

the greedy bastard in me is saying to hold on for a sell off. what does the BCDE indicator say?

yes, JD, that one.