CL Redux

[DonCorleone]

JD,

it was the beautiful all-knowing handsome lookin BCDE Indicator.

we usually charge thousands of dollars but for you we'll give an ET discount.

 

[JoshDance]

I am short .30, wanting to see .25 broken strongly

 

[DonCorleone]

Quote from JoshDance:

I was waiting for .50 to .45, for a number of reasons -- yesterday's close, prior demand there, today's RTH VWAP, and near yesterday's VAL.

just lookin at the charts now. boy, i sure hope you picked up some in the .50's and sold it at 83.70's. that was a good call.

 

[JoshDance]

Out .31 ... possibility for drop still there, but that was not the panic selloff I was looking for at this time. Maybe at 2pm.

 

[DonCorleone]

JD, to answer your earlier question...

yes, there was that 20ema on 5 min chart. but i didnt know that til later. what i based my trade on at that moment was one of my fib retracement levels i had drawn in previously. it was right at 82.6 so as i saw the price hesitate there i took it on the long side. i hope that helps.

 

[JoshDance]

Short .21, same premise.

Out .07... again, looks weak but bulls willing to buy the dips.

 

[JoshDance]

short .06

ADD out .85 ... nice little drop... buyers bought the RTH VWAP (also just noticed same as 15m EMA) .. my target was .55

 

[JoshDance]

will short .99
ADD shorted, and out .00 -1 ... heavy bids

still could fall quite nicely, however, not willing to risk more than a couple of ticks on these, given the time of day and madness that sometimes ensues.

 

[JoshDance]

short .84

ADD out .81, blah... this is such a tease.

 

[JoshDance]

The way the bulls are coming back here, I would not be surprised to see a nice move up actually. But I will continue to short at the moment.