Long .02 stop to be Target new HOD Looking for a place to add Optimists know no cure :41 stop to .10 in preparation to add (and move stop to average be) :42 stopped out at .09 (rolling today +$56!!! yahoo!!!) 118th, who would have thought it? --- Where's that FLIP button when you need it?
One Possible explanation On April expiry WTI. Closed $1 above brunt due to lots of oil financial wti contracts as per one news post Now wit/brunt spread doing. RTM
At the moment: Brent range = 142 ticks WTI range = 163 ticks Spread range = 130 ticks So both oil markets not moving together at all and making highs/lows at completely un-synchronised times!
So, my patent-pending Kamikaze Pivot Scalping Method has been working like a charm. I just take a position (long or short, doesn't matter) in the middle of the soup (for the last hour, 106.02) and then exit on the shiny side. I don't see how anything could possibly go wrong.