Urgent message - CL at 78

G

gmst

I had a dream tonight in which I saw CL June contract was trading at 78. Finding it hard to believe, I rechecked my quotes and charts 3 times inside the dream and saw the fall from 107 to 78. I don't clearly remember the chart in the dream, so can't be sure if the fall happened over few days or took like more than a month.

I don't believe in prophecies or dreams but warning all ET members, for otherwise don't want to be accused of trading on insider information :)

I won't post a thread like this, but waking up I saw China and Eurozone PMI missing big and risk aversion is taking hold across all asset class, so posting this message. LOL

Disclaimer: I am long dollar and short EUR, AUD and NZD - so basically am in risk aversion trade.
 
Quote from macroman:

short euro. better close this one.

rest should be fine.
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agreed generally euro has been super strong compared to others. Shorted it after PMI miss, think it will go towards 1.31 - especially given SP weakness.

have a buy to cover order at 1.311 and stop at 1.321. so we will see how it goes.
 
Quote from macroman:

you might be right.

i am only looking for buy eu. Currently no position.
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Since we are discussing thought I will update, I booked my euro short position with +5 pips after being in the position for 5 hrs. Closed all other positions also for the time being.
 
Quote from gmst:

Since we are discussing thought I will update, I booked my euro short position with +5 pips after being in the position for 5 hrs. Closed all other positions also for the time being.
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a bit modest target compared to CL move you dreamt about :-)

thinking how to play this kind of shot - expect large move - and i will next time just go full in. Tried reduced size and happened same what you did. took small profit.

i do swing trades and my disaster stop is considerably larger than your targets. So I can be buyer and you seller and still both make money.
 
Quote from macroman:

a bit modest target compared to CL move you dreamt about :-)

thinking how to play this kind of shot - expect large move - and i will next time just go full in. Tried reduced size and happened same what you did. took small profit.

i do swing trades and my disaster stop is considerably larger than your targets. So I can be buyer and you seller and still both make money.
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A bit modest target ---- LOL :)

Actually, I think swing trading is one of the easiest ways to make money in the market. just follow 10 different markets - say 5 currencies including crosses, S&P, gold, copper, oil, ng etc. and just keep buying and selling pullbacks and overshoots in the direction of dominant trend. Typical R:R is in the range of 2:1 or better and % accuracy > 70%. Easy to compute PF from these stats. When my account has lots more zeros than currently, this is what I am going to do predominantly.

For the last 3 yrs, I have been researching and have finally developed a few strategies - very specific rules of entry and exit. Currently, I am focused on improving my discipline to just execute my strategies. My aim is to just become a robot and run those strategies for 3 yrs and then my account will have few extra zeros in their end :) Automation is too tough - I would rather just sit and execute like a robot. Thats my aim currently.
 
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