CL Redux

[mfbreakout]

Quote from mfbreakout:

not sure what so special about 86.50, but it's a level till it get broken.

short 86.92. cover some 86.64. hoping again for 86.50 for rest

 

[mfbreakout]

Quote from mfbreakout:

short 86.92. cover some 86.64. hoping again for 86.50 for rest

cover 86.50. will short on bounce up to 86.80

 

[mfbreakout]

Quote from mfbreakout:

cover 86.50. will short on bounce up to 86.80

short 86.64 stop loss 86.82

 

[mfbreakout]

Quote from mfbreakout:

short 86.64 stop loss 86.82

out flat 86.12

 

[axiszen]

Uh. nope.

Quote from axiszen:

Do you think 86.45 resistance will hold?

 

[mfbreakout]

Quote from mfbreakout:

out flat 86.12

85.99 gap below us and then LOT OF AIR below that

 

[axiszen]

Nice call.

Quote from mfbreakout:

out flat 86.12

 

[mfbreakout]

Quote from mfbreakout:

85.99 gap below us and then LOT OF AIR below that

Some one asked me since market is bearish, why I did not hold short from 87.44 all the way down.

I have no way of knowing - i have some ideas- how long it will take to reach a target.

I trade level to level and hope in the end will get same amount of ticks as if i held a position all the way to a target.


BADA BING. I am watching now.

 

[JoshDance]

Could be a bear flag here-- maybe a shot at last week's low, 85...?

 

[mfbreakout]

Quote from JoshDance:

Could be a bear flag here-- maybe a shot at last week's low, 85...?

The longer it stays below 85.90, more pressure from bearish camp.