CL Redux

Quote from BCE:

Short@.75 See what we get.
Out @.51

ADD: Forgot to cancel my stop @.75 b/e and it was filled long while I was posting. :) Exited for 2 ticks. :)

Take a break. Now it will really move. Which way? That's for you to decide. :)
 
Quote from DonCorleone:

well, that was close. my stop order held by mere 2 ticks. i was so tempted to add another short but decided to man up and keep my word from previous post.
I saw that and was thinking of you. Glad it missed you. That's some precision you have going. Did everyone notice too that my pullback short was covered almost to the penny before it bounced back? You too can get in on this with the BCDE indicator. *


* Individual results may vary. Huge profits are not guaranteed. :)
 
Nice trading guys. I am up on the day so far 20 or so ticks, and just happy that I'm not actively trading this chop fest. The old me (from Tuesday or earlier :D ) would have been trying to do too much here.

EDIT: Under 1K volume per 5m for last 20 minutes--- zzzz...! doesn't get much more dead than this.
 
Quote from JoshDance:

Nice trading guys. I am up on the day so far 20 or so ticks, and just happy that I'm not actively trading this chop fest. The old me (from Tuesday or earlier :D ) would have been trying to do too much here.
Thanks. Was just thinking the exact same thing just as you posted this. When it's this choppy who knows how it will break? Especially late in the day like this. I tried one long about 20 min. ago and it stalled out and I exited b/e. Of course yesterday right after I left it had that huge breakout move. On the one hand it's still oversold. But on the other hand who wants to be long this market over the weekend with all that's been going on lately?
 
Quote from BCE:

Of course yesterday right after I left it had that huge breakout move. On the one hand it's still oversold. But on the other hand who wants to be long this market over the weekend with all that's been going on lately?

I see no good reason to short at the moment, and would continue to think long until this current down channel is broken through to the downside. But I think we'll have time to get in on whatever happens, if anything.
 
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