CL Redux

[mfbreakout]

Quote from JoshDance:

I will short .92 here, if it breaks hard for lower.. probably will not and will keep a tight stop

box is 88.80 to 89.30. any long or shorts in between, is OK, it just requires waider stop loss than 10 ticks. any trade away from edge of the box will get stopped out- unless one gets lucky and trade moves in ones direction right away

 

[mfbreakout]

Quote from mfbreakout:

box is 88.80 to 89.30. any long or shorts in between, is OK, it just requires waider stop loss than 10 ticks. any trade away from edge of the box will get stopped out- unless one gets lucky and trade moves in ones direction right away

wider stop loss

 

[JoshDance]

short .07 need .03 to break

 

[JoshDance]

Quote from JoshDance:

short .07 need .03 to break

Out .07 ... too random

 

[JoshDance]

Quote from mfbreakout:

box is 88.80 to 89.30. any long or shorts in between, is OK, it just requires waider stop loss than 10 ticks. any trade away from edge of the box will get stopped out- unless one gets lucky and trade moves in ones direction right away

Good point -- that's why I closed the last short early.. if it goes my way it's just luck, and I don't like the odds.

 

[DonCorleone]

ok, make that 4 lower highs.

 

[mfbreakout]

Quote from JoshDance:

Good point -- that's why I closed the last short early.. if it goes my way it's just luck, and I don't like the odds.

ss 89.19. stop loss 89.34. cover some 89.04, in case , machines stop me out. it will be scratch

 

[mfbreakout]

Quote from mfbreakout:

ss 89.19. stop loss 89.34. cover some 89.04, in case , machines stop me out. it will be scratch

last week high 89.90

 

[JoshDance]

The buyers are relentless.

 

[mfbreakout]

Quote from mfbreakout:

last week high 89.90

since Mark Fisher firms clear 1/3 rd of daily crude volume. If his pit traders get sense- that lot of traders are short, they will rip cl up.
Mark Fisher likes to SHOCK other traders who are caught on the wrong side.