Either next month contract goes up or front month goes down. Looking for 17.
Short oil.
Wow, oil going nuts again.
I throw darts to determine my entries.
If a trade goes in your direction every time, then you have superb timing on entry. Nobody is that good.
I will bail my long if SPX goes below 2900.
Also, short trade at 18 now is risky. It would have already gone down earlier but went back up. It will blow pass 18. Just waiting for 20.
Can't be exact all the time, hence, i trail in. If it hits 18, I can increase. All last 5-6 trades in oil were profitable, except for the stop...
When I shorted earlier, it actually when down to 16.60, but I was napping. Bounce up to quick so I took only a small gain from short entry.
Agreed. Looking green for the day, but also looking to short near 3000 if it gets ther.
Huh? I meant to say I exited my long from 14. And was short earlier, but also just closed it out. Probably will short it again later.
Exit oil for small gain. Action in ES for now until oil is higher to short later.
No bounce this time as suspected. Hmm. Now will there be a bounce after this dip or we are reversing course south.
No ON bounce, so I guess I am holding till unemployment report. PA looks okay, but I think we are close to reversal.
Short oil. Likely pull back to 15.
Target long for oil hit. Shorting if hit 18.
The pattern will stop somewhere. Higher risk when price is high and near strong resistance zone.
This rise is just as crazy as the drop. Going to run out of steam eventually.
Long target to 2970ish. Then short hard.
Wow, looks like it's heading up again. May ride this ON rally and fade before before unemployment # comes out.
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