CL Redux

Well done V!

Thought I would check in here since there is finally some action. But not much to talk about. As long as it doesn't go up it should go down I'm liking 104 as a place to take a rest and see what happens.
 
Cheers chaps, but i actually at an order at 10480 to exit the longs. But I lost my bottle and closed at 525 and then moved the limit order to 500, all bit dumb tbh.
 
Quote from riskaddict:

Well done V!

Thought I would check in here since there is finally some action. But not much to talk about. As long as it doesn't go up it should go down I'm liking 104 as a place to take a rest and see what happens.
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I'd go for 103, that lower TL target. Prolly up to 106.20/60 then to 103

GM all
 
I was hovering over the sell button at 542 and never pulled because I thought we might channel 25 ticks higher. Been nothing but a bloodbath since! Oh well, you win some and you lose some. Just a 250 tick move...
 
what should I do with these 102 april puts I'm short? If we go down to 102 in the next day or so you guys think we bounce? At this point I'm very slightly short in april and slightly long in may so basically neutral but I would love to just hold on to these short puts and eat some yummy theta.
 
Quote from riskaddict:

what should I do with these 102 april puts I'm short? If we go down to 102 in the next day or so you guys think we bounce? At this point I'm very slightly short in april and slightly long in may so basically neutral but I would love to just hold on to these short puts and eat some yummy theta.
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If we close below ~103.75, which we likely will, it'll close below the sideways channel lines which would signal more bears to short some more tomorrow. If you believe the overall markets are poised to pull back further, which I do (not a washout, but more than the small pullback we've had) then you can't be bullish on oil right now.
 
Quote from macroman:

sorry for intruding and incomplete message.

buy 10558, disaster stop 102. did not execute in 2 days, so I cancel the order as per my rules based on stat. will reevaluate.

I am looking for 4x risk -No secret in $15 appreciation. Signals discretinary. No TA.
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HO ! That wa quick ! My timing stop saved me from nearly full disaster loser :-) BTW,no disaster stop hit in last 30 trades. Average loser around 0.25 risk.

That is increasing bearishness. I do not have balls to automatically reverse as not enough stat but odds are high for further falls.

Anyway, CL looks like fits nicely in my framework and behaves same as other markets. :)
 
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