CL Redux

Nice flipping, Schizo, but if I may ask: isn't 99.65 (RTH LOD) a point that, if reached should start popping some stops? That is, wouldn't it be better to target a bit less (safer) or a bit more (less prob, but higher profit).

An honest question, not telling you how to trade, of course.

 

Stopped out. It appears that we'll chop here at the top.

 

99.65 also happens to be yesterday's HOD. However, what's missing from the equation is the momentum. With this kind of drip-drip piss-me-off momentum, I doubt the bears could even push the market down to 99.65, let alone break below. Unless, of course, you hear some bad news out of Japan.

 

OK, thank you, Schizo

 

Placing a limit sell order at 100.88

 

Went long above the 8:30 am PT 5 minute bar @ 100.45. Exited @ 8:47 am 100.68. Market had been trending up. Resistance was 100.78

 

We will see 9965. Regardless of japan

We have lots time for baharin issues. Eod and tomorrow. IMHO

 

My worthless .02 ... based on the action, today's RTH low, and this hourly chart, I think we should see 101.50-.85 today.

 

Sell more 101.93 , stop. .10 for these (. May. Contract)

 

I think the top just came in at 100.97 (just a newbie hunch).