CL Redux

[riskaddict]

Quote from mfbreakout:

What trading system you use to have a confidence to trade with 120 ticks stop loss? Looks like CL touched 87.12 during Globex

I thought what happened overnight didn't matter That's why I used the QM lose 180 on 1 contract make 250 on 2 anything below 88 is a short.

 

[mfbreakout]

Quote from mfbreakout:

Volume profile and butterfly - all in one.

$CL_F scenario $$ http://j.mp/r1m8cn

long 85.76 for scalp. micro resistance 86.98

 

[mfbreakout]

Quote from mfbreakout:

long 85.76 for scalp. micro resistance 86.98

out some 86.06

 

[JoshDance]

Quote from DonCorleone:

just fyi,

we're below overnight OR, my OR, USO OR.

Thanks, but not significant to me. Overnight traded above yesterday's VA, and value found at yesterday's close, VPOC, VWAP, and smack in the middle of that upper balance from yesterday. Long term the direction may be down, but buyers will buy that, as they just have.

 

[DonCorleone]

short@86.48

 

[JoshDance]

long .21 stop .20

 

[mfbreakout]

Quote from mfbreakout:

out some 86.06

out flat 86.36

 

[JoshDance]

Quote from JoshDance:

long .21 stop .20

Out .36 +15

 

[DonCorleone]

Quote from DonCorleone:

short@86.48

out at .40

 

[JoshDance]

short .86 stop .91