CL Redux

Thanks. That flip-flop action has cost me some but on the whole I came out alright.

 

Against my better judgmenet

Long: 73.37
Stop: 73.20

 

stop moved to .37
up 0.13 at the moment

 

Nice! I had to step away for a minute, and sure enough it turned out to be a loser big time.

What do you see going forward? I see a dilapidated head-and-shoulders forming (on the 5-minute chart).

 

Out: 73.57



Was 1 tick away from being stopped out after I moved my stop to break-even

 

Going forward I see a trip to the coffee shop and some laundry

seriously though, i wouldnt short this thing. chek the daily, we have busted through some resistance.

 

On the daily, it looks like we'll be busting out of the ascending triangle.

 

Doesnt look like we will break through the intraday highs before the floor session closes today, pulling back pretty hard right now.

Going forward I think the bullish momentum will keep up, support @ 73.38 next resistance @ 74.93

I plan on continuing to buy dips and avoid my urge to fade the big moves upward.

 

I dunno. I say there's a good chance we revisit the 72.50 area. But I don't particularly feel the urge to fade it here as you suggest.

 

1 lot @ 73.27
stop 73.19

Back in long 73.22