CL Redux

mfbreakout · Jul 25, 2014

mfbreakout said:
New sanctions against Russia from Europen Block put a bid under CL. Not good for equities. I buy this more than a move based off some pattern.

News is not confirmed but traders react first and ask questions later.

Long 102.02.

out some 102.33. Added to long 101.64. Looks like CL will be in a box rest of the day.

Visaria · Jul 28, 2014

went short cl 10150, usual 100 tick stop. only quarter position size.

mfbreakout · Jul 28, 2014

Visaria said:
went short cl 10150, usual 100 tick stop. only quarter position size.

Had to manage the short.

Visaria · Jul 29, 2014

Doubled up by adding to my short at 10160, stops tightened to 75 ticks

Visaria · Jul 29, 2014

may have seen lows for today, depends now on dollar and geo political stuff from middle east. have the api report tonite and govt numbers tomorrow.

i'll stay with position, might add.

mfbreakout · Jul 29, 2014

Out of short 100.48 on failed A down.

Long 100.67 off ORL on daily failed A down. Out some 101.14. Need to break 100.60 area with CONVICTION for more down moves today otherwise stuck in a box.

Visaria · Jul 30, 2014

Visaria said:
Doubled up by adding to my short at 10160, stops tightened to 75 ticks

doubled up again at 10160, stops tightened to 40 ticks

Visaria · Jul 30, 2014

note if i lose, the risk is about the same, fairly constant amount of DOLLARS, forget about ticks, austinp, i am only concerned with money...the risk is actually a very small percentage of funds, less than 30 bps...if i win though, i collect a relatively huge amount.

Visaria · Jul 30, 2014

I'm out at 100.20...would have let it run further, i expect further declines.

See u guys in a few weeks!

mfbreakout · Jul 30, 2014

Visaria said:
I'm out at 100.20...would have let it run further, i expect further declines.

See u guys in a few weeks!

Looks like Visaria is going on vacation. Will try to trade in the direction of the trend in your absence.