CL Redux

[InvestVision]

Fed Meeting
==============
http://www.bloomberg.com/news/2013-...-on-fed-bets-australia-at-five-year-high.html

Asian stocks rose, with the regional equities gauge rebounding from last week’s decline, <b>after weaker than forecast U.S. consumer confidence spurred bets the Federal Reserve will maintain stimulus.</b>

A two-day meeting at the Federal Open Market Committee will start tomorrow <b>after U.S payrolls rose less than projected last month</b> and the 16-day government shutdown <b> took at least $24 billion out of the economy.</b>

The Fed is likely to <b> delay lowering its $85 billion in monthly bond purchases until March,</b> according to a Bloomberg News survey of economists conducted Oct. 17-18.

 

[InvestVision]

Key support and resistance level for Monday

R3 : #D4 VPOC 99.23 ( D4 = 4 days ago )
R2 : #D4 VA Low 98.76
R1 : #D3 High 98.29 ( D3 = 3 days ago )

S1: #D1 VPOC 97.50 ( D1 = 1 day ago )
S2: #D2 POC 97.09 ( D2 = 2 days ago )
S2.2: #D1 Low 96.99
S3: #D3 POC 96.82 ( D4 = 4 days ago )
S4: #D3, #D4 VA Low 96.24

 

[Visaria]

Quote from Visaria:

took a punt going long earlier, keeping over the weekend

bastards took me out right at the low of the day! shot back up 40 ticks

 

[Visaria]

went back in at my original price though, just as well!!!!

 

[Visaria]

Quote from actionzip54:

Registered: Jul 2011
Posts: 354


New Post 10-28-13 01:32 PM

Long 10 at 97.83

cheeky, deleting posts with trades that are going wrong !

 

[actionzip54]

Quote from Visaria:

cheeky, deleting posts with trades that are going wrong !

Considering I just made like 60 pts...

I keep telling myself not to post trades because I feel like it ruins my objectivity and gives me and added emotional attachment to the trade. Then I do and immediately regret it. So yes I deleted the post.

I've learned posting trades is the same as me telling friends what markets I like or hate. It's fine when I'm right but adds a whole new layer of emotions when I'm wrong. Sorry, I offended you.

BTW I was out at 98.44

 

[Visaria]

Whatever...

 

[riskaddict]

Quote from riskaddict:

This is what I was thinking on the 17th. I'm pleased we got to around 96 but I was really thinking avg IV would be well above 25 and we aren't even there. My plan was to start selling 92 and 93 puts when we got to 96 but with the lack of premium built in here I'm limping in and 93.50 is now on the radar.

With the price around 98.60 I'm adding some short 101 and 102 calls to turn this into a short strangle. My delta is going from around +700ish to -100ish. Will start unwinding when IV gets in the high teens.

 

[actionzip54]

Just for Visaria,

Long 10 contracts at 98.40.

Hard stop 98.

 

[pinkman]

life back in the thread?
try long here at 98.39
stop at 98.25