IncreaseNow's "Sell/Short" Futures Journal

Quote from increasenow:

can we get some technical comments on my Oil and Gold put trades over the weekend...really technical talk...
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Technically, why would you buy oil puts at this point, when it's demonstrating a strong desire to retest previous resistance levels off Thursday's pivot low, leaving behind higher lows and higher highs? Technically, that's a short term uptrend (in a longer term uptrend no less), so why puts now instead of waiting for a lower high to be put in?
 
Quote from NoDoji:

Technically, why would you buy oil puts at this point, when it's demonstrating a strong desire to retest previous resistance levels off Thursday's pivot low, leaving behind higher lows and higher highs? Technically, that's a short term uptrend (in a longer term uptrend no less), so why puts now instead of waiting for a lower high to be put in?
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and

why would you buy puts off a 1 minute chart to hold over the weekend

but all this is not even the point

hell, i am not sure i even know what the point is anymore
 
Quote from NoDoji:

Technically, why would you buy oil puts at this point, when it's demonstrating a strong desire to retest previous resistance levels off Thursday's pivot low, leaving behind higher lows and higher highs? Technically, that's a short term uptrend (in a longer term uptrend no less), so why puts now instead of waiting for a lower high to be put in?
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because I believe Oil is overbought (like Gold) and the recent run-up in commodities will fall next week at least for slight pull back
 
Quote from TheMan:

and

why would you buy puts off a 1 minute chart to hold over the weekend

but all this is not even the point

hell, i am not sure i even know what the point is anymore
More...
was just showing at what level for actual underlying CL was when I did enter the put trades...
 
Quote from increasenow:

+36 CL (demo) today...just like NoDoji was demo trading the CL!! Great example!!!
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Stick with it, Incy. CL has everything a trader needs to be happy: decent moves in even the sleepiest markets; quick results; pain cut short quickly; technical perfection.
 
Quote from NoDoji:

Stick with it, Incy. CL has everything a trader needs to be happy: decent moves in even the sleepiest markets; quick results; pain cut short quickly; technical perfection.
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in all honesty...CL is what I have always wanted to trade but...need to get a little more $$$ in da account to trade it securely...yes, agree with your statement. So NoDoji, for you what % are you still trading the ES and what % CL now?
 
Quote from increasenow:

in all honesty...CL is what I have always wanted to trade but...need to get a little more $$$ in da account to trade it securely...yes, agree with your statement. So NoDoji, for you what % are you still trading the ES and what % CL now?
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There's no fixed % one or the other; I take the setups on either of them when they're most inviting. As of last week, I've been trading 5 ES instead of 1, so I made more profit last week on ES than CL.
 
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