What happened with CL ? Big move down

Quote from vincentvega:

"They are just a currency"

No they are not stupid fucking dumb shit retail trader, even if you think they behave like one.

I wondered why some people around here get so pissed off. Now I know why.

I digress. Now you know it ain't a currency, no matter how much that head of yours says it is. :)
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I'm drinking Old Grand-Dad to recover from an afternoon celebrating Mother's Day. What are you drinking?

Have you checked out the "Stupid Fucking Dumb Shit Retail Trader Forum"? It's where we all go on a Sunday afternoon.

Not much reasoning, but the profanity is awsome, and gets better as the night progresses.

I use to enjoy it a lot more when the stock market opened at 9:30 est, but now I trade forex and have to be alive at 17:15 Sunday afternoon.
 
A perfect example of how TA works in a perfect example of what others saw as a perfect example of crap TA. A perfect Pattern, perfect signals and perfect target zone.

Sweet TA :)
 

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Quote from FrankSlaughtery:

i throw in my $0.02 USD. for example, CL broke down huge on 5/3/2012 right at resistance at the 50 dma. you could say "i'll short here w/ a tight stop maybe 1 ATR above the 50 dma and exit at the 200 dma or 3 or 4 atr."

basically TA is telling you where you are wrong (e.g. price goes back above 50 dma).
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And increased sell volume can change an uptrend.............:cool:
 
It is the Iran settlement talks.

These could fall apart at any moment and CL will rocket upward.

I doubt it can fall too far meantime because the risk is there.

Of course we also have the Euro fall and Chinese growth reduction as well.
 
Quote from shopster:

ot,

if i have to answer that , you are in real trouble clicking your mouse.........:)

s
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I have a laptop now. I'll never use a mouse again.
 
Quote from oldtime:

who are the sellers selling to if there are no buyers?
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Isn't it accounting 101.

Debits = Credits

Buyers = Sellers

It's just that buyers aren't willing to pay more in this current environment.
 
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