No, no, I shorted @ 103.16 when it hit its head at on 103.31 about 4 times. I'm trading the trend in pieces today, in retrospect could still be holding, but so much volatility, so much retracing of entire moves, I prefer taking pieces at a time.
20 EMA now is 101.21. Was way overbought. Fundamentals stacked against it. We'll see what happens. They may short into rally attempts or at some point buy the dips. ADD Good entry on my bold 100.76 long, but too early of an exit again, he said after the fact. You're not sure where it bottoms. Obviously could have reentered. Ordinarily I would have held that original entry longer, but it's so volatile today. I think scalps are still the way to go.
I guess big boys washed ALL stops of long positions Now 104.50+ by. Friday eod. , the day of rage Saudi Arabia
If you started going long in the mid-90's, you're still quite profitable; this is just a normal pullback-in-progress. If we break 98.00, they'll get worried
I was thinkiing about the Saudi thing. I didn't have time to look it up. Are you sure that's what it's called? ADD Yes that's it. Link in a second.
Looking at the daily chart I see that the 100.62 support was just a few ticks above the ancient upper channel line from before the madness. (Nov thru Jan pivot lows, parallel line thru the Dec-Jan pivot highs). There you go, Hog, a Paleolithic trend line offers a fine bounce in the down trend BCE, you left a bit on the table
nice trade no doji! thanks for showing T & S BOT 300 UCO Stock 52.50 USD SMART 08:47:02 BookTrader 1.50 SLD 300 UCO Stock 52.76 USD SMART 08:52:31 1.50 75.00
Maybe ADD: There was a the day post flash crash in May where I looked to scalp some 5 pt moves in ES, got 15 pt moves and left another 10 on the table. There've been days in this CL volatility where I looked to scalp 50-tick moves, got 1-pt moves and left more than another pt on the table.