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CL Redux
- Thread starter schizo
- Start date
Friday, October 14, 2011
12:57:22 PM
up late today
current plan to trade small moves upwards until potential second peak and then go short and close out 2nd Nov near close.
CL 12-11 Buy 1 87.17 10/14/2011 12:51:52 PM
CL 12-11 Buy 1 87.13 10/14/2011 12:52:07 PM
execution error have two
order to sell 1 at 87.18
12:57:22 PM
up late today
current plan to trade small moves upwards until potential second peak and then go short and close out 2nd Nov near close.
CL 12-11 Buy 1 87.17 10/14/2011 12:51:52 PM
CL 12-11 Buy 1 87.13 10/14/2011 12:52:07 PM
execution error have two
order to sell 1 at 87.18
Attachments
CL 12-11 Buy 1 87.17 10/14/2011 12:51:52 PM
CL 12-11 Buy 1 87.13 10/14/2011 12:52:07 PM
CL 12-11 Sell 2 87.12 10/14/2011 1:05:35 PM
CL 12-11 Buy 1 86.96 10/14/2011 1:10:02 PM
CL 12-11 Sell 1 86.81 10/14/2011 1:10:17 PM
Bot 1 at 87.17 @ 12:51
sld 1 at 87.12 @ 13:05
= -0.05 * 1000 = -$50
Bot 1 at 87.13 @ 12:52
sld 1 at 87.12 @ 13:05
= -0.01 * 1000 = -$10
Bot 1 at 86.96 @ 13:10
sld 1 at 86.81 @ 13:10
= -0.15 * 1000 = -$150
-$50-$10-$150 =-$210
oops!
CL 12-11 Buy 1 87.13 10/14/2011 12:52:07 PM
CL 12-11 Sell 2 87.12 10/14/2011 1:05:35 PM
CL 12-11 Buy 1 86.96 10/14/2011 1:10:02 PM
CL 12-11 Sell 1 86.81 10/14/2011 1:10:17 PM
Bot 1 at 87.17 @ 12:51
sld 1 at 87.12 @ 13:05
= -0.05 * 1000 = -$50
Bot 1 at 87.13 @ 12:52
sld 1 at 87.12 @ 13:05
= -0.01 * 1000 = -$10
Bot 1 at 86.96 @ 13:10
sld 1 at 86.81 @ 13:10
= -0.15 * 1000 = -$150
-$50-$10-$150 =-$210
oops!
Wave 3 down starts next week, imho. either wednesday or thursday.
good to see some old regulars back on.
have a nice wknd, y'all.
good to see some old regulars back on.
have a nice wknd, y'all.
Quote from usman88:
$88 today is the target for me in DEC'11 contract
Great call Usman. I was looking for 87.50 area but all day today got stopped out as CL moved towards the target with lot of back and forth which I am not used to. Today mfbreakout mind set did not help.
If you can, can you post a chart to show what method you use for trading and potential targets?
Lot of traders were expecting a nice pull back into pit close ( including me) on the premise of profit taking into the weekend. I wish trading was that simple.
--- Day end Summary for: Friday, October 14, 2011 ----
(This is a paper account started with $20,000 on Monday Sep 26, 2011. I follow the margin rules for IB.I try to post my trades in advance when possible and with graphs. I am not reading the thread so if you wish to contact me please do so by PM.)
Bot 1 at 87.17 @ 12:51
sld 1 at 87.12 @ 13:05
= -0.05 * 1000 = -$50
Bot 1 at 87.13 @ 12:52
sld 1 at 87.12 @ 13:05
= -0.01 * 1000 = -$10
Bot 1 at 86.96 @ 13:10
sld 1 at 86.81 @ 13:10
= -0.15 * 1000 = -$150
sld 1 at 87.01 @ 13:20
Bot 1 at 87.57 @ 15:00
= -0.56 * 1000 = -$560
Sld 1 Nov at 82.00 @ 12:53 Thursday, October 06
Bot 1 Nov at 87.38 @ close
= -5.38 * 1000 = -$5,380
-$50-$10-$150-$550-$5,380=-$5,990
Opening Cash Balance today $20,870
Change in Cash = -$5,990
Closing Cash Balance = $14,880
Holding at the close 2 short contracts:
1 Dec at 84.53 @ 10:04 Thursday, October 13
1 Dec at 86.81 @ 13:10 Friday, October 14
avg = 85.67
Closing Price 87.57
-1.90 * 2,000 = -3,800
Open Equity = -$3,800
Closing Cash Balance $14,880
Net Equity $11,080
---Weekly Summary
Initial Balance $20,000
End of week:
1=$29,190 30 Sept
2=$20,880 07 Oct
3=$11,080 14 Oct
(This is a paper account started with $20,000 on Monday Sep 26, 2011. I follow the margin rules for IB.I try to post my trades in advance when possible and with graphs. I am not reading the thread so if you wish to contact me please do so by PM.)
Bot 1 at 87.17 @ 12:51
sld 1 at 87.12 @ 13:05
= -0.05 * 1000 = -$50
Bot 1 at 87.13 @ 12:52
sld 1 at 87.12 @ 13:05
= -0.01 * 1000 = -$10
Bot 1 at 86.96 @ 13:10
sld 1 at 86.81 @ 13:10
= -0.15 * 1000 = -$150
sld 1 at 87.01 @ 13:20
Bot 1 at 87.57 @ 15:00
= -0.56 * 1000 = -$560
Sld 1 Nov at 82.00 @ 12:53 Thursday, October 06
Bot 1 Nov at 87.38 @ close
= -5.38 * 1000 = -$5,380
-$50-$10-$150-$550-$5,380=-$5,990
Opening Cash Balance today $20,870
Change in Cash = -$5,990
Closing Cash Balance = $14,880
Holding at the close 2 short contracts:
1 Dec at 84.53 @ 10:04 Thursday, October 13
1 Dec at 86.81 @ 13:10 Friday, October 14
avg = 85.67
Closing Price 87.57
-1.90 * 2,000 = -3,800
Open Equity = -$3,800
Closing Cash Balance $14,880
Net Equity $11,080
---Weekly Summary
Initial Balance $20,000
End of week:
1=$29,190 30 Sept
2=$20,880 07 Oct
3=$11,080 14 Oct
Insight: Oil convoy blues: trucking game foils crude traders
<b>(Reuters) - On paper, it's the kind of arbitrage deal that oil traders dream of: buy crude at $85 a barrel in Oklahoma, truck it 550 miles south, and sell it to a Gulf coast refiner for $110. </b>
In practice, the crude trucking trade - a measure of last resort as pipelines, trains and barges are maxed out -- has proved tantalizing but elusive. Just ask Robert "Bo" Collins, the former NYMEX president and hedge fund manager, or the teams at global energy trading titans Mercuria and Vitol.
very interesting Brent/WTI spread issue , Read full here
http://www.reuters.com/article/2011/10/14/us-cushing-trucks-idUSTRE79D0OP20111014
<b>(Reuters) - On paper, it's the kind of arbitrage deal that oil traders dream of: buy crude at $85 a barrel in Oklahoma, truck it 550 miles south, and sell it to a Gulf coast refiner for $110. </b>
In practice, the crude trucking trade - a measure of last resort as pipelines, trains and barges are maxed out -- has proved tantalizing but elusive. Just ask Robert "Bo" Collins, the former NYMEX president and hedge fund manager, or the teams at global energy trading titans Mercuria and Vitol.
very interesting Brent/WTI spread issue , Read full here
http://www.reuters.com/article/2011/10/14/us-cushing-trucks-idUSTRE79D0OP20111014