CL Redux
- Thread starter schizo
- Start date
Quote from chinook:
Maybe Iran is just bluffing and making lots of money both in the derivatives and cash markets
Edit: By Iran, I mean a handful of people who has the power including behind the scenes.
While the US tries to hurt Iran, it unwittingly brings more profits to Iran.
The American motorists are suffering.....
Stupid Americans!
Tell Obama to bring back the aircraft carriers, price will drop to 80.
When I do counter trend trades like this I like to use 3 to scale my stops. With something high risk low prob like this strategy 3 CL's would be very punishing since I'll be letting the price go against me more than I would with a day trade. When I'm scalping on the 1 min and I see something sweet I'll throw down with up to 5 CLs but that is with a .10 or .15 stop. Call me crazy but I'm still looking for 105.20 tomorrow and when I hunting dollars instead of cents I don't worry about giving up a couple ticks on the ugly spread
Some clown on Kudlow was just saying 120 is a given so I'm feeling pretty good about this short. If that mother fucker is so confident why doesn't he just go max leverage make 10 mil and retire.
Quote from riskaddict:
When I do counter trend trades like this I like to use 3 to scale my stops. With something high risk low prob like this strategy 3 CL's would be very punishing since I'll be letting the price go against me more than I would with a day trade. When I'm scalping on the 1 min and I see something sweet I'll throw down with up to 5 CLs but that is with a .10 or .15 stop. Call me crazy but I'm still looking for 105.20 tomorrow and when I hunting dollars instead of cents I don't worry about giving up a couple ticks on the ugly spread
Some clown on Kudlow was just saying 120 is a given so I'm feeling pretty good about this short. If that mother fucker is so confident why doesn't he just go max leverage make 10 mil and retire.
OK, I see your point with QM. I guess if you're going after > $1 moves it doesn't that much of a difference.
Good luck with your trade. Yeah, those clowns need to mumble something so they can earn their salaries!
Happy trading
120 is impossible, I think. The inventory build up last week (today's data) indicates the start of gas consumption decrease. Wait for next week's data, the build up will be big.
I still believe in supply and demand. Let the idiots buy. Probably algorithms are buying. When the bubble bursts next week, algorithms will panic.
GM See what the open brings.
ADD: Had a short in earlier @108.40, but took it off. Not sure where this is headed.
Don't forget today @9:55 AM EST, always a weird time (maybe they just like to be different), the Michigan Consumer Sentiment Survey is out. And then New Home Sales @10 AM EST.
http://www.briefing.com/investor/calendars/economic/2012/02/20-24
See what the open brings.ADD: Had a short in earlier @108.40, but took it off. Not sure where this is headed.
Don't forget today @9:55 AM EST, always a weird time (maybe they just like to be different), the Michigan Consumer Sentiment Survey is out. And then New Home Sales @10 AM EST.
http://www.briefing.com/investor/calendars/economic/2012/02/20-24
Shit. I covered my TF short and did a manual exit for a nice profit. But this was before I canceled my in place cover order and got filled on that one as a buy on the way down. Grrrr. Fortunately I got right out.
ADD: And as one can figure out I covered a little too early anyway. Cheers.
ADD: And as one can figure out I covered a little too early anyway. Cheers.