CL Redux

GM :) I said to myself last night, looking at the chart, that I thought this would maybe peak around 102.50 and that might be a good short. Unfortunately that happened a half an hour ago @ 4:40 AM here. Too early. :) Missed it. It's 5:15 AM now. Can't be here all the time. I actually was awake but.......... See what we get here and see how the EIA report affects this.

There are a few other reports coming up. http://www.briefing.com/investor/calendars/economic/2012/02/13-17

ADD: Missed that drop whatever caused that while I was posting.
 
Quote from riskaddict:

When this happens is it because of fundamental reasons like logistical problems or supply and demand for middle distillates vs gasoline or is it just a market perceived anomaly?
More...

maybe Clarence Beeks was trading for the Iranians?



Crude #s @ 1030
 
Quote from EON Kid:

maybe Clarence Beeks was trading for the Iranians?
More...
He was shipped off to Africa the last I heard. But maybe he's trading from there. :)
 
Market feels overbought. It's climbed and climbed. First real bad news seems like it will really tank. News from Iran or Greek deal falls through or............... China support news of course if keeping this propped up. Of course I've been saying this for a while and eventually it will be right. Meanwhile it climbs and climbs. But one thing is the volume seems to be shrinking.

ADD: Missed part of that tank while I was posting again. But caught some of it. Perhaps my take is finally kicking in although they've been buying the f*@$&ing dips.
 
BCE, re some posts ago, you talked about exiting a position too soon for yourself and for me exiting a position too late! I had a good think about this and have in fact been thinking about it for some time and really feel that the answer is in scaling out.
 
Quote from Visaria:

BCE, re some posts ago, you talked about exiting a position too soon for yourself and for me exiting a position too late! I had a good think about this and have in fact been thinking about it for some time and really feel that the answer is in scaling out.
More...
GM :) That would work except I usually only trade one contract. :) So that would be hard for me to scale in or out. But if you trade more than one I agree that could work.

ADD: The one contract is for CL not other contracts.
 
Quote from Visaria:

i exited that position yesterday at 10150, if i had kept some, i would have held to 10200 with stop moved up to b/e
More...
But it pulled back a lot and you could have reentered or even better flipped it at the top short. All of this is easier said than done but doable. The thing is I'm not seeing 4-5 point moves here, just a lot of back and forth up and down in fairly narrow ranges. I'd take 100 to 150 ticks when it's there and then do the next trade. We'll see how it goes.
 
You must log in or register to reply here.
Back
Top