CL Redux

Bulls still look mostly in control... I bought around 9:30 but was stopped out at the low tick, .23 ... jeez I hate that. Just sold .88 for a +15 scalp

 

2 levels till they get broken. longs 89.20 and shorts 89.90 area with 10 ticks stop loss.

 

anything in between require wider stops and less gains.

 

A practical use for game theory - CL trading

http://www.economist.com/blogs/babb...?fsrc=scn/tw/te/vd/apracticaluseforgametheory

 

Buyers have bought the VWAP (ETH) consistently since the open, which is also near yesterday's settlement. I fear for the longs that if we go much below .30, that bears may gain strength and push it lower, however bulls still have plenty of reasons to buy at .20 too.

 

Neither bull or bear between these levels. If pit traders/algos wants to book 40-60 ticks profits , that's what i am gonna do.

Pit traders keep prices between IB - only other time framers tend to push prices beyond IB generally.

 

short 89.86, cover some 89.62, hoping for 89.40 for rest.

 

we're between a rock and a hard place now. stuck between last night's 6pm et OR and this am's OR. the inventory # should give us a better direction.

 

out flat 89.62 cover. don't want to push my luck ahead of inventory report.

 

Safe here to put a sell order at 90.45, and a buy order at 88.60?