Ok some of you might call me a sell out but I'm out at 90.55. Will start over tomorrow try to build a big position. I feel it would just be foolish to leave this profit dangling out there. I would place a trailing stop but we're already at r1. c'ya all tomorrow!
I actually went long 89.42 and took .17 don't know if it was at the same time as your trade, about 4:30 my time. I could have gotten .20 easy. My indicator was green and market had nice speed for a Sunday. Congrats on your trade.
http://www.marketwatch.com/story/cr...ska-pipeline-closure-2011-01-09?siteid=YAHOOB Looks like this is why CL went up.
Thx for the info, if I think I need to use 1 more SIM after IB I will go for this. Since Dec 9th after I started focusing more on 5 min charts and less on 1 min charts my perfomance has been very consistent 65% percentage profit and perfomance graph at 45 degrees upwards. Before I go live I want to make sure that its not an accidental good luck or unreal SIM.
Yeah, it's a always nice when your trading rules and the technicals work almost to the tick Gap up and buying pressure out of the gate, straight to the 20-day EMA. Almost no pullback at all, so a measured move breakout of the 20-day EMA was likely. Support well-established @ .33, for a small stop loss @ .32. Target for a measured move was 89.95 and I normally subtract a few ticks to ensure a fill.
My reading is CL is behaving little different today jumps up then within no time jumps down vice versa with power.
Not a sell out at all. Really nice trade. But, it may go higher. As they say, "No one ever went broke taking a profit."