CL Redux

Gold breaking out to the upside - tread with care

 

ex 8272

 

now you tell me

I still think a turn is near, CL's gonna hit 82

 

Meant to say:

You've been warned!

sim (unfocused and about to have lunch)

long .60

target 83.20-ish

Will add one unit ASP

Last add-on via stop-limit at 82.87

(might post with some delay due to lunch)

:12 stop to be at .60 & bid .68 to add (stop stays the same --> risk = 8 ticks)

:13 filled at .68; avg. 64 stop .60 - not looking good.

:20 stopped out be - fuck it, I'm gonna have my tapas, olé!

 

buy stop to enter at 82.90 and sell stop to enter at 82.37 I'm done trying to figure out this chop lol.


Edit: yeah meant 82.xx sry bout that, my brain is scrambled today because of this shitty cold I have

 

Please tell me this time you mean 82.xx (need sugar for my brain)

 

Great thread gents - been lurking here the last couple days. The CL / $ relationship looks in tact. The question is how the FED is going to act post mid terms. Real QE or just QE talk?

I don't think API's / EIA's are going to show sufficient draw in products to bring a bid under CL. A few more + data points for the US economy will help CL and hurt the euro. Great day trading ahead

 

What happened to the dollar on Friday AH? Looks like a mini flash crash, maybe it signaled a bottom in the dollar

 

Looks like a new HOD next and watch for a possible reversal (or continuation) after doing that.

 

Looking for a place to get long - tentative target 83.20