CL Redux

ex 1/2 8095

TY P

& stopped on last

 

SS 8122


ex 1/2 8115 stp be

:30 stopped

 

looking for 82 area if the range doesn't die.

 

I think you're right, but maybe one more flush

 

Questions to my colleagues:

It's me or today looks like a good day to trade reversals. I am more like a breakout trader, but just wondering.

Will like to hear your input.

Thanks.

 

So far yes. Problem is with the G-20 going on, as Austin cautioned, you can get sudden moves out of the blue. Today is the typical day when after getting stopped out several times in a row trying to trade momentum you switch to fading moves and/or averaging down and get crushed.

I'd tread carefully either way and particularly today trade what you see, not what you think.

Edit: probably a go-nowhere day, but there's the chance we get a $3 move either way.

 

Thanks.

 

every day is a good day to trade reversals. Range is decent so far (so probably not chop), volume is low to average, indicates no real demand either way, so far.

 

+.30

stop to be

:58 stopped out - just adding to my collection

 

one more push up and she'll roll over