with CL if one does not get in at exact point ( meaning being lucky) in a balanced market- it can chop one to death. My short from 89.61, cl went to 89.26 ( since i had covered some at 89.44) i waited for 89.20 to break. I am still in the trade- but cl has bounced up and down 20 ticks. I do not care as I have booked some profits but stop loss at b/e.
sorry for late reply. stepped away from desk and saw this get stopped out at .73. just went short at .86. my last play of the day. for real.
bulls trying to protect 89.68 level they broke to the up side. We never know who will win - when we do not have an A up or A down like today.
One of Mark Fisher favourite set up is a late day A up or A down. Basically a late day set up gets most of the traders on the wrong side and then show starts.
Once in a blue moon set up is an A up or A down and then totally opposite which is C down or C up. I have only seen it 4 times in 9 months. and it is a day to remember.
if both helicopter ben and barry o-scam-a are going to speak shouldnt we back up the truck and load up on shorts??