CL Redux

Discussion in 'Journals' started by schizo, Oct 9, 2009.

  1. EON Kid

    EON Kid

    up to 8960, 8980 ish then break 89 and maybe a good reversal then
     
    #13681     Jan 4, 2011
  2. NoDoji

    NoDoji

    For those who think too low to short, I just took 89.08 to 88.88 in a few seconds. No long signal in sight, boys.
     
    #13682     Jan 4, 2011
  3. BCE

    BCE

    Tried long a little too early and just fought my way out of a mini mess and lost 5 ticks on QM as I wasn't sure where this is headed. Onto the next trade. Not familiar enough with these 2 contracts yet. :) Interesting day.
     
    #13683     Jan 4, 2011
  4. BCE

    BCE

    They're just selling into any rebound attempts all the way around.
     
    #13684     Jan 4, 2011
  5. will that be if we get back above 89.21? Daily 21 ema has been breached but still a lot of day left.
     
    #13685     Jan 4, 2011
  6. BCE

    BCE

    That's what I was thinking too. Around that level. Seems like it's trying to base here. But they keep selling into any rally attempts so far. At some point obviously the selling slows and we have a rebound.
     
    #13686     Jan 4, 2011
  7. NoDoji

    NoDoji

    Double bottom was a setup, 89.30 was the entry signal. I tried the first break, 3-tick loss, re-entered @ .31, took 20 ticks on the pullback from the 20 EMA.

    This is counter-trend scalping BTW, a true reversal, I'll hold longer.
     
    #13687     Jan 4, 2011
  8. It's day's like today when one can easily fall in love with "smooth" crude... what a trend to ride...
     
    #13688     Jan 4, 2011
  9. Anyone think FOMC will have any impact? Do you think they have the balls to have said something that will make that dollar spike and everything else tank? I won't be surprised to see an 87 handle before the day is over but then I wouldn't be surprised to see a 91 handle either. Either way the ES puts I scooped up yesterday are crushing it even with this minimal point move.
     
    #13689     Jan 4, 2011
  10. +1 88.70 ready to add
     
    #13690     Jan 4, 2011