CL Redux

[EON Kid]

Quote from niko:

Can anyone think of a valid reason to take the long around 10:15. In hindsight it looks like duh, but at the time couldn't factor anything to make me take that trade.

yw

 

[NoDoji]

Quote from niko:

Can anyone think of a valid reason to take the long around 10:15. In hindsight it looks like duh, but at the time couldn't factor anything to make me take that trade.

I was long at 10:14 based on 1-2-3 setup off round number and daily LTL zone.

 

[RichardRimes]

NoD..if I could pick your brain. If the price falls under the trendline EON posted...what is the probability of CL going back to the mid 90's? tia

 

[pinkman]

Quote from pinkman:

short 101.85
stop at 101.96

stop moved to 101.90

 

[pinkman]

Quote from pinkman:

stop moved to 101.90

stopped -5

annoying. Offered me 20 ticks...

 

[pinkman]

getting chopped up here but;
long 101.86
10tick stop

 

[NoDoji]

Quote from RichardRimes:

NoD..if I could pick your brain. If the price falls under the trendline EON posted...what is the probability of CL going back to the mid 90's? tia

I only use the daily chart for key levels of interest, but looking at it from a longer term swing trading perspective, I would imagine a break below 100 would attract strong buying between 98 and 99 because that's where previous resistance levels are, levels where price broke out in early July and never looked back.

 

[pinkman]

Quote from pinkman:

getting chopped up here but;
long 101.86
10tick stop

out here at 102.18 for +32

 

[RichardRimes]

ty

 

[pinkman]

Quote from pinkman:Out here at 101.95 for +20

Quote from pinkman:stopped -10

Quote from pinkman:stopped -15.

Quote from pinkman:out here at 101.65 for +32

Quote from pinkman:stopped -5

Quote from pinkman:
out here at 102.18 for +32

busy day.