CL Redux

[Visaria]

Quote from JoshDance:

If we break up with conviction above the 87.50 area, the upside target is IMO clearly 88.80 to 89.00 -- nothing I see that will stop it before that.

I certainly hope you are right .

 

[Visaria]

I just finished reading the 1st chapter of the Logical Trader, v interesting, but i have a lot of questions...will need to read the rest of the book.

http://www.thelogicaltrader.net/chapter.pdf

 

[JoshDance]

The round number is providing its usual batch of sellers, and last week's VWAP is 87.90, which I failed to see earlier, but I would be surprised if that's enough to stop the train.

 

[mfbreakout]

Quote from mfbreakout:

Right on the Money Josh.

http://www.screencast.com/t/lsyfBlGNEcmG

http://www.screencast.com/t/XZGckinwy9p

long 87.62 on the pull back

 

[JoshDance]

Will buy .66 with a close stop

 

[JoshDance]

Quote from JoshDance:

Will buy .66 with a close stop

Out .66 -- and perhaps quite bad timing on the exit

 

[mfbreakout]

Quote from mfbreakout:

long 87.62 on the pull back

out some 87.80

 

[mfbreakout]

Quote from mfbreakout:

out some 87.80

add to long 87.53. stop loss 87.48

 

[mfbreakout]

Quote from mfbreakout:

add to long 87.53. stop loss 87.48

till cl confirms A up at 88.05. I scalp.

 

[mfbreakout]

Quote from mfbreakout:

till cl confirms A up at 88.05. I scalp.

out some 87.80