CL Redux

Quote from DonCorleone:

long again at .76.

edit: out flat.
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I tried a short just now myself and out + 2 ticks. Under a lot of pressure still but trying to find a base.
 
Quote from BCE:

I tried a short just now myself and out + 2 ticks. Under a lot of pressure still but trying to find a base.
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i'm eyeing the 50sma on USO on 5 min chart. it should bounce there i think.
 
Quote from JoshDance:

Tried long 88.00 out .88 -12, now long .79 stop .66
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Out, and having trouble staying over yday's high... don't know if this means more down. No really good buying pressure down here yet.
 
Also just got long .85 stop .60, target 88.89

EDIT -- finally, the buyers are growing a pair and absorbing some of the relentless selling. But they'll also have to grow a pair around 88.20 and buy there too.

EDIT 2: I am trying some new things in my trading, but I've gone against the strength much of today. If I can use some of the new concepts I'm trying, yet work with the strength more, it will be to my advantage.
 
Quote from BCE:

I'm long @.85. See what happens.
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Been in and out for 8 ticks. :) Try again here. Looks to be under pressure but has sold off quite a bit.
 
Quote from JoshDance:

Also just got long .85 stop .60, target 88.89
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Despite the warning signs I stayed in the trade. Unfortunately for me in this case I think it's simply a case of wanting to be right, versus trading what I see happening in front of me. Should have been short since 10 minutes ago.
 
Quote from DonCorleone:

i'm eyeing the 50sma on USO on 5 min chart. it should bounce there i think.
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nope, it just broke below the 50 sma. serious bout of CSW syndrome about to kick in.... 88.90-89.10 short call. ugh...
 
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