CL Redux

Rule #1 if ya wanna fade it:

Wait until the people on Bloomberg TV who can't contain their speech for the price-move start blabbing...

...Then you sell em cowboy!

 

Put on the counter-trend short late, covered early, blaming the pork bellies.

 

What's your endgame today, Kid?

Edit: some serious volume between .40 and .60, not sure how to play it, though. I would have gone for a rally attempt from the lows of the range, but equities seem to be faltering.

 

I would say bullish, but doubt a new HOD, however CL does have a habit of staying in narrow range after a strong move like it did on 100810

 

SIM

net = +30
Trades = 4 ( all BE's)

Missed 2 nice ones ( away from desk )

 

Rollover and dollar preasures, muted the upmove. If we can rally with the dollar 92.50 on the g1 should be a short putt.

 

Morning everyone, I'm rolling to February (just in case my fills look too good/bad )

 

I think volume will roll on Monday so I'll trade Jan

 

Probably tomorrow - I'm rolling today because I use TOS T&S (IB's is worthless) and otherwise it can get confusing.

Best luck/skill to everyone.

Kid, while you're still here... what's your take? (no, seriously)

 

its complicated, Ive got zones and levels and it depends on how it unfolds, prolly more a constrained range day