CL Redux
- Thread starter schizo
- Start date
yay! dow -500! 
Quote from Visaria:
I already told him that you would take half and JD and the Don would share the other half - check your accts, probably already in there!
I'll receive that
500K volume, woo hoo!
ES volume 10x that, 5M ... quite a day..... Funny, ES volume in 1 minute can be equal to what it takes CL an hour to produce. I scalped a few ES trades and made more from 3pm to 4pm than I did all day in CL. Bleh.
there's a gap from february that we may fill around 85.95 or so. also a fib retracement level of interest at 85.8
I'm no conspiracy theorist, but you were "in charge", with the economy showing continued signs of weakness and possibly warning signs of another recession looming, negative numbers every way you look, with unemployment and NFPs coming out the day after a 500 point panic drop in the dow, would you allow the numbers to be bad this morning? Let's face it, this is possible, and I'm not saying they're flubbed, but the state of the global economy could have been dealt a very serious blow if unemployment was .1 or .2% lower, and if the NFPs were anywhere much less than 100K. The numbers are possibly totally legit, but today was NOT a good day for bad numbers if we wanted the market to not collapse any further, which it very well still may, for the reasons that were still a concern yesterday and are today as well no doubt.
On the CL side, I took a short from .94 around 8:15 or so and exited at .46 a couple of minutes before the news. Just trailed the bar highs with the stop and target reached. I am getting spoiled by this 24/7 movement again just like earlier this year, and I know if won't last forever, but it's nice at the moment.
On the CL side, I took a short from .94 around 8:15 or so and exited at .46 a couple of minutes before the news. Just trailed the bar highs with the stop and target reached. I am getting spoiled by this 24/7 movement again just like earlier this year, and I know if won't last forever, but it's nice at the moment.
will likely be faded, unfortunately.
Three times today I have had cases where I was literally 1 second too late either entering my order, or moving my stop, where I would have been 150 ticks to the upside versus where I'm at now. This market is so fast. Even regularly it's fast, but today 20 tick swings are happening literally in subseconds. I physically can't move my order in time to play it like I want.
It's really volatile right now as you're saying. Should get some big moves today which we already did starting with the almost 3 point one minute pop off of the jobs report. Maybe as it settles down a bit they'll be easier to trade. There was bound to be super volatility today after a day like yesterday while the market decides if it's oversold and people have overreacted or if the economy is far worse then everyone thought.