CL Redux

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

  1. Picaso

    Picaso

    Nice trade. Shorted sim before at 75.90, .84, .77 exit be .84 (lost one tick) after missing a fill at 75.99.

    Edit: if I had got filled, I would have been stopped out at be all the same, but about half an hour later

    Still looking for a short, but it may not happen

    Should have gone long at .60... blah, blah, blah :D

    Nice trade, btw
     
    #8671     Jul 15, 2010
  2. Picaso

    Picaso

    sim

    Short .41

    -30

    -.24
     
    #8672     Jul 15, 2010
  3. trying a short, 76.30, 20c stop
     
    #8673     Jul 15, 2010
  4. Picaso

    Picaso

    Stop at be .32

    Break or bake

    Out be
     
    #8674     Jul 15, 2010
  5. target 76.00, seems to be a significant level today

    edit: nvm, out 76.30. market seems strong
     
    #8675     Jul 15, 2010
  6. EON Kid

    EON Kid

    short 7636 .1 stop

    stopped
     
    #8676     Jul 15, 2010
  7. Picaso

    Picaso

    What a great day to trade oil, what shitty (non) trading on my part :( (Wait, I'm such a whiner :D)

    Congrats to all those who made money today (which seems to be everybody) :)
     
    #8677     Jul 15, 2010
  8. gobar

    gobar

    looks like big H&S pattern on cl chart
     
    #8678     Jul 15, 2010
  9. NoDoji

    NoDoji

    Whew, glad it's not me for a change.

    Wait, I decided I want to whine, too:


    Blubaru, this is a true story:

    Right around 12:25pm ET, one of my trading roomies said, "Looks down from here."

    And I drew those two trend lines and said, "Yes it does, but we have a pennant (that's what I called the little triangle), and it could break either way. I should play the break but I don't care for this time of day, it'll probably churn back and forth in this range."

    My instinct was to go long 76.68 and target 76.03 (a few ticks below that previous resistance), but I decided I needed a reason to whine later today and didn't trade it at all.

    If I had traded it and made all that nice profit, I would still be whining over what I left on the table :p
     
    #8679     Jul 15, 2010
  10. Nodoji: Triangle, pennant, flag, wedge, etc, honestly everything looks like a triangle to me. I just try not to lose too much when I trade them :cool: Glad we saw the same thing, it means there are still SOME setups in CL even if they're few and far between.
     
    #8680     Jul 15, 2010