CL Redux

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

  1. Wait for a pullback......it might test 79.00 again.
     
    #8941     Jul 26, 2010
  2. EON Kid

    EON Kid

    by then the trend will be down
     
    #8942     Jul 26, 2010
  3. Picaso

    Picaso

    Precisely.

    The problem is that now we have resistance at .30, .40, .60 and then again at 80.00 so the risk/reward to get long is not there.

    So is either get caught in the freaking chop-chop or try to short a market where everything is pointing up. :mad:

    Seriously, two fast and clear easy trades...
     
    #8943     Jul 26, 2010
  4. I look at 79.00 as the Pivot Point, so it will face some support in there IMHO.
     
    #8944     Jul 26, 2010
  5. trying a short, 79.10, 20c stop
     
    #8945     Jul 26, 2010
  6. cstfx

    cstfx

    sh 7890 st .5
     
    #8946     Jul 26, 2010
  7. Picaso

    Picaso

    +.88

    edit: out at .78
     
    #8947     Jul 26, 2010
  8. EON Kid

    EON Kid

    long 7873

    stop to 7866

    stop to BE
     
    #8948     Jul 26, 2010
  9. moved stop 79.05
     
    #8949     Jul 26, 2010
  10. stopped, grr
     
    #8950     Jul 26, 2010