CL Redux
- Thread starter schizo
- Start date
Was going to put a buy stop for TF in @815 before the report. But my mind said not to as there were a number of numbers coming out at the same time and I was speculating we might get a whip saw action. Coulda, Shoulda, Woulda. Would have brought a $600 per contract (in less than a minute) pop, and then it added another $400 in a few more minutes. It's called overthinking it. Oh, well. Cheers. 
P.S. Also obviously this WASN'T a sell the news situation, although we might see a bit of profit taking later this afternoon since when you look through the report some of it is due to seasonality and also 1.2 million fewer people were looking for work.
P.S. Also obviously this WASN'T a sell the news situation, although we might see a bit of profit taking later this afternoon since when you look through the report some of it is due to seasonality and also 1.2 million fewer people were looking for work.
BTW, FWIW, Factory Orders and ISM number coming out at the top of the hour.
http://www.briefing.com/investor/calendars/economic/2012/01/30-03
http://www.briefing.com/investor/calendars/economic/2012/01/30-03
CL :
patterns
range transformed into an expanding triangle.
price breakout the upper trendchannel line, then retested it
Elliott-wave: if do the count, need to start fromm the latest red candle, so we'd expect upmove.
Cabdles: a lot of tails above the green one. so sellers are still confident.
One can play the expnading triangle. tight stops of course.
Now the name of the game might be keep screen watching patientl;y till full clarity,
I am kind of liking CL instrument, as it moves well.
patterns
range transformed into an expanding triangle.
price breakout the upper trendchannel line, then retested it
Elliott-wave: if do the count, need to start fromm the latest red candle, so we'd expect upmove.
Cabdles: a lot of tails above the green one. so sellers are still confident.
One can play the expnading triangle. tight stops of course.
Now the name of the game might be keep screen watching patientl;y till full clarity,
I am kind of liking CL instrument, as it moves well.
hey : it is nice to see this CL thread. There is so much in it.
time for a well deserved zzzzzzzz.
