Man ... getting slapped around here. Went long 87.06 at 05:50 and was stopped out BE on the hammer 2 bars later and missed the jump. Put a stop sell at 87.41 on the 06:20 bar, waiting for another shot at a high, so I missed the obvious sell on that bar close. Went short 87.03 on the 06:45 bar and was stopped out BE by the inverted hammer. Went long on the next bar 87.08 for a 4 tick loss. Think I'll just wait for the oil report.
Looks like FX running the show. Metals are taking a serious beating (Silver down >6%) after CME raised margin requirements for silver.
The CL report must have released at 10:30 cause NG didn't move at all and CL volume exploded. This the first time I've seen an reporting error like this from bloomberg.
If by the messenger you mean Bloomberg, I say yeah, let's kill those bastards!!! If by it you mean <i>me</i>... make love, not war... Sorry about that guys, if it is any consolation to you, I just missed a great breakeven trade ... Inventories hugely bullish, btw: Crude inventories 3.27M draw vs. consensus 1.5M build. Gasoline inventories 1.92M draw vs. consensus 1.0M draw. Distillates 4.97M draw vs. consensus 2.0M draw
sim long .16 stop to add at .44 plus I will try add in between filled at .44 stop to be at .30 - damn, not looking good, missed the chance to add lower to improve the avg price at at test of HOD .40-60 is resistance, if it breaks target a full point, if it doesn't, short on a rebound. :45 out be
I guess this kinda makes sense. Bullish report with a strong dollar equals nothing. By the way I of coarse exited my short coffee trade way to early, Like $2 to early, I've never been more pissed off making 4k while I was at the gym as I am right now
My congrats/condolences to RiskAddict regarding his coffee trade (too many shadows on that intraday chart, man - could you post a chart, please?) and sim short .99 :11 stop to be :12 stopped out be Can't make up my mind right now whether to look for shorts or longs