CL Redux

Discussion in 'Journals' started by schizo, Oct 9, 2009.

  1. schizo

    schizo

    Not yet but I'm hopeful there will be another slight pullback before it drops in earnest.

    My entries haven't been all that good so the last thing I want to do is chase the damn thing. :)
     
    #261     Oct 20, 2009
  2. schizo

    schizo

    I have a question for you folks. First, how many of you actively trade the AH session? Second, do you use RTH or Globex chart while trading during the day? I'm using the Globex chart but it doesn't seem like Support/Resistance levels in the AH hold much weight in the RTH session.
     
    #262     Oct 20, 2009
  3. i've been reading your blog you make money most every day don't you? :cool:
     
    #263     Oct 20, 2009
  4. schizo

    schizo

    Well, I've been extremely lucky. However, CL is not my area of specialty. Although I dabbled in and out of CL for the last 10 years, I've never really traded this instrument for any significant length of time. Of course, I plan to change all that since I dumped ES.

    Ironically, ES and CL move in lockstep these days, so I'm essentially trading the same crap, different only in name. But the market dynamics are different for the two markets and that makes it more challenging.
     
    #264     Oct 20, 2009
  5. schizo

    schizo

    What caused that 80-cent drop at 16:30? Perhaps I should have chased it after all. :D
     
    #265     Oct 20, 2009
  6. Short 78.45 stop 78.64
     
    #266     Oct 21, 2009
  7. schizo

    schizo

    Howdy gents. Although I feel bullish at the moment, I'm just going to sit on my hands.
     
    #267     Oct 21, 2009
  8. schizo

    schizo

    Short 78.80
    Wide stop 79.27
     
    #268     Oct 21, 2009
  9. schizo

    schizo

    As long as the equities are rallying, there ain't a whole lot you can do about CL in my opinion.

    Other than the inventory at 10:30, I see no other catalyst to move this market down.
     
    #269     Oct 21, 2009
  10. schizo

    schizo

    Out 78.75
     
    #270     Oct 21, 2009