CL Redux

short 86.92. cover some 86.64. hoping again for 86.50 for rest

 

cover 86.50. will short on bounce up to 86.80

 

short 86.64 stop loss 86.82

 

out flat 86.12

 

Uh. nope.

 

85.99 gap below us and then LOT OF AIR below that

 

Nice call.

 

Some one asked me since market is bearish, why I did not hold short from 87.44 all the way down.

I have no way of knowing - i have some ideas- how long it will take to reach a target.

I trade level to level and hope in the end will get same amount of ticks as if i held a position all the way to a target.


BADA BING. I am watching now.

 

Could be a bear flag here-- maybe a shot at last week's low, 85...?

 

The longer it stays below 85.90, more pressure from bearish camp.