CL Redux

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

  1. cstfx

    cstfx

    This thing is going to head south tonite. Fed announcement I think only reinforces how weak the US economy is and how it will affect demand going out. Plus API numbers are not giving the market any support here.

    @ mrbochin23, don't think there is anything wrong with using the QMs if you want to swing trade this beast. It allows you trade idea more time to setup IMO.
     
    #9431     Aug 10, 2010
  2. EON Kid

    EON Kid

    go for it, its going to 90. Trade against the crowd.
     
    #9432     Aug 11, 2010
  3. cstfx

    cstfx

    morning all.

    still short from 8017, st @ b/e - equity futures and USD not supporting crude this morning (EUR down over 1 1/2 cents so far)
     
    #9433     Aug 11, 2010
  4. Picaso

    Picaso

    Morning FX, yes that's some serious damage overnight, nice short.

    Let's see how it opens.
     
    #9434     Aug 11, 2010
  5. Very nice. Do you plan on scaling out at all or are you just gonna cover all at 78.80?
     
    #9435     Aug 11, 2010
  6. cstfx

    cstfx

    @ra, these are QMs, not the big contract, so while nice, not as great as it could have been. :D

    Normally I scale out 1/2 @ a time, and I have an order sitting @ 7915 to close but wasn't touched on recent run down

    edit: out 1/2 @ 7915 st moved to 7960
     
    #9436     Aug 11, 2010
  7. cstfx

    cstfx

    TP entered at 7850. Got to focus somewhere else for a bit so I will take what I can get.

    G/L all.
     
    #9437     Aug 11, 2010
  8. Picaso

    Picaso

    What do you think of that LOD, NoDoji?

    Maybe I have a long bias, but I'm seeing buyers
     
    #9438     Aug 11, 2010
  9. EON Kid

    EON Kid

    why do you have a long bias?
     
    #9439     Aug 11, 2010
  10. Picaso

    Picaso

    Hi Kid.

    It's not that I have a long bias, just that maybe I have an unconscious long bias and that's why I'm seeing buyers here.

    Surprise bullish report leaked?

    Edit: see? it's not breaking clearly :confused:

    Your take, Sir?
     
    #9440     Aug 11, 2010