CL Redux

[Visaria]

Thanks. The decrease is v annoying. May have to look at other markets.

 

[riskaddict]

these wedge things aren't to bad 10 ticks here 10 ticks there, then when it breaks just go with it. Like here buy for a bounce and have a stop and reverse set up about 15 ticks below the TL.

 

[riskaddict]

Quote from riskaddict:

these wedge things aren't to bad 10 ticks here 10 ticks there, then when it breaks just go with it. Like here buy for a bounce and have a stop and reverse set up about 15 ticks below the TL.

Kind of like this. Although I guess it's more efficient just to wait for a clean break.

Now watch me get stopped out of this break down trade. Stop is just above former TL.

 

[Visaria]

What's up with April Silver? Exploded!

 

[Visaria]

whoah, new lows in CL, not sure what happened there.

 

[Zr1Trader]

Weeee

 

[Zr1Trader]

Just blew out yesterdays low keep focused, watch for signs of blow and puke or continuation.

Edit:Mondays low

 

[riskaddict]

probably could have used a 10 tick stop at .85. target is 106.90 obviously.

 

[riskaddict]

come on you pussy bears don't take profits so quick. Lets make them sweat all night and close at the lows!!

 

[Zr1Trader]

Oil may not be as volatile as earlier in 2011 but i'll take this market over any other because relative to other markets it still moves the most with lots of liquidity.