yeah...markets dead right now, put in long hours last night....not sure i am trading europe tonight myself.
Sometimes you don't even need a chart. I was looking at CL and ES prices. I then saw CL start to move down on the DOM, and went short for a scalp at 78.34, I had a stop at 78.51 to give it room to breath, and my target was 78.24. This was after all night long looking at where if I put mental orders in on the 6E for a short. they would have made me money, so I was getting frustrated in not having the balls to do it with real money. So did it with real money on CL, and it hit my target which I felt was reasonable since it was passing through that price during the day without any support till around 78.15. Also, I felt the trend was down on the CL even though I played for a counter trend long trade only during the day.
One good or bad thing if you are wrong in direction, CL does move much more than ES. At the time of the trade, ES was around 1112, and now its around 1111.50. So it move 2 ticks, where the CL moved over 10 ticks in same time period.
what time did the fitch downgrade of paribus hit the market...i missed it completly. Trying to figure if it was part of the reason for the selloff when crude and the euro broke down.
it appears this was around the time of the sell-off, ok......these stupid rating agency downgrades are distorting prices...
Morning Surprised to see the trade still alive. Thought it would be covered one way or another before I got up, figuring Europe action would have taken care of it. Stops moved to b/e - cl @ 7830 and EUR @ 1.233, original targets still (2:1, so 1.223 EUR and 7790 cl)
heres a weekly of oil ,that support line was broken to the downside ,then back up thru to the nip ,blue line, now back to weekly supp line ,and testing,if lower that red line lines up with the cleavage lower between the 2 nips, 75.5 area