CL Redux

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

  1. Good trade was that with real money? I saw price was starting to reject at 86.40, and put a limit order there for a scalp short with overall trend which I believe was short, and got 10 ticks of profit.

    While you took all that profit on CL long, I was long ES at 1295. It was stalling so I reduced my target to 1296. The market was at 1295.50 and thought it should have gone more, but then it actually started to go below my price I got in. At this point I was already out of my CL trade with a profit so I decided to set target to BE and stop loss was brought up so I would not take more than a .50 loss. I was able to get out of the ES trade at BE.

     
    #14471     Jan 27, 2011
  2. EON Kid

    EON Kid

    They call it black gold for a reason :D
     
    #14472     Jan 27, 2011
  3. I think OPEC is selling more oil right now, which is why CL has been falling. However, oil does not grow on trees, and the oil under the Arab sands is not infinite so that provides support until their are cold fusion cars.

     
    #14473     Jan 27, 2011
  4. Since I am happy right now since I waited for a good trade and got a profit, let me tell you about a new drink I created. I could have gotten a little more profit with my trade, but am a little gun shy today.

    Get a diet coke, add vodka (blue sky is best since its triple filter and less chance of hangover), next add your favorite schnapps, I used peach schnapps, you don't need much to taste the flavor.

    I had it last night, it was very good. Looking back now at my ES trade, I should have just left the target and stop alone, it would have hit target. I normally don't change this, but since my CL trade was opposite direction of ES trade for some reason I thought CL was going to take ES lower. I guess that other problem is ES is slow, and it was starting to go against me.
     
    #14474     Jan 27, 2011
  5. Add 1 at 86.14

     
    #14475     Jan 27, 2011
  6. tzachi

    tzachi

    S @.16

    target 85.94

    second target .76
     
    #14476     Jan 27, 2011
  7. zxd

    zxd

    How low can oil go in the next month?
     
    #14477     Jan 27, 2011
  8. tzachi

    tzachi

    IV,

    What happened to your last post (new long .05)?
     
    #14478     Jan 27, 2011
  9. It seems this below 86.00 break a minute ago does not seem real , add 1 at 86

     
    #14479     Jan 27, 2011
  10. tzachi

    tzachi

    first short target fill
     
    #14480     Jan 27, 2011