CL Redux

yes, good call. That naked point always gets me excited.

a quick non-trading comment: if any of you are interested in chess. you too in about 45 mins, can play the #1 world player magnus carlsen online today.

http://rwcc.g-star.com/

 

Stopped out. Was looking for a quick scalp when this bar appeared to falter.

Thinking this is the 1st leg of a pullback to the 20 ema and looking to go long for trend resumption.

 

I could be wrong, but I believe that we already hit the HOD 76.56, now I am looking for a good entry point.

We will see what happens.

 

There were too many big red bars for me to take that 76.04 long entry (translation: no balls), so I'm sitting tight for the moment.

 

sim short 76.02 .2 target, .1 stop.

Thinking that previous uptrend was a pullback on a new down trend.

 

Stopped out. Still think a new down trend is in the works. Possible R/S at 76.10

 

looks like crude top

 

mrbochin what day was the VPOC formed?

 

August 17......it hasn't been touch since then.

 

I still haven't take a trade yet ..........thanks to my short bias that I had this morning.

Lets c what lunchtime brings me now.