CL Redux

Just got home and watching CL now. I thought it might make it up to .40, but it has done a nice retracement starting at .24 (nice call dax3k)... as you can see from the profile, it's quite lonely above 82.40, a long way to go to the next area of balance up north ($2.50 up).
 

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Quote from dax3k:

Notice how the break below 80.50 (within the last hour) was a bear trap, dirty dirty market.
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I keep kicking myself for not considering a post-pit trade like this.. a long at .15 would have been fantastic, particularly as it found support several times. No surprise that the market went in search of prior activity. The profile is drawn from low to high of the prior move up, and the volume was concentrated right there.
 

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Tuesday, September 27, 2011
7:30:30 AM

Cash Balance $24,150
order to buy 1 at 82.14 and 1 at 82.79

Reason: expected a strong upday.
Stop:82.20

(filled on one)
 

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Quote from mfbreakout:

gm all. long 83.08 out some 83.46
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I will have to start paying attention to price action after OPC. CL made a C up and trapped lot of bears and we see the results.

I did the analysis right but no execution. market only pays us what we deserve.
 
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