I was on the phone and was not watching the screen, otherwise i would have exited at 39. Exited at b/e.
Another day of absolute crap. The volatility has decreased big time. V little follow through. Better off trading Brent.
Don't have BRN charts as we've mentioned, but looking at the SuperDOM it seems like BRN is more volatile than CL. Is that right?
over all , following Brent is helping in some cases for CL decisions ( so far at least in short time frames ) At times looking at CL helping to make decisions on Brent ( case like Brent ran too fast but CL sits there , point for Brent short ). [ NOT posting all trades due to time and other constraints ...] Again all above is in the eyes of beholder. In many cases we all have baises ( up or down ) on a given day given hour based on 'their OWN price range for the day' , News and other events. Then we read ONLY the CLUEs on price action supporting those biases ignoring the other unconcisouly . - At least this is my observation people trading having opinion on PRICE ( 'their OWN price range for the day' ), pure TA folks don't have these problems. we may need to add gasoline RBOB to the mix , since it is driving season RBOB provides leadership in many cases for Crude OIL . So far I did not follow RBOB , seems it will be interesting study .. KID, DAX any experiences on RBOB providing some proxy to crude OIL on short time frames ( like Brent ) .
Going to watch the new movie "Limitless" this afternoon. I may need a drug like this to improve my results. Synopsis: Aspiring author Eddie Morra (Cooper) is suffering from chronic writer's block, but his life changes instantly when an old friend introduces him to NZT, a revolutionary new pharmaceutical that allows him to tap his full potential. With every synapse crackling, Eddie can recall everything he has ever read, seen or heard, learn any language in a day, comprehend complex equations and beguile anyone he meets as long as he keeps taking the untested drug. Soon Eddie takes Wall Street by storm, parlaying a small stake into millions. His accomplishments catch the eye of mega-mogul Carl Van Loon (De Niro),who invites him to help broker the largest merger in corporate history. But they also bring Eddie to the attention of people willing to do anything to get their hands on his stash of NZT. With his life in jeopardy and the drug's brutal side effects grinding him down, Eddie dodges mysterious stalkers, a vicious gangster and an intense police investigation as he attempts to hang on to his dwindling supply long enough to outwit his enemies.-- (C) Relativity
Guess we had a chance to reshort at 108.50 near the top of this channel as I mentioned. Evidently forgot to read my own post. CSW