CL Redux

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

  1. Guess im just getting frustrated with this market. Tommorow is another day to try and keep all the profits. The 7787 sell was entered before bedtime:D .. I have a strategy were on big downdays there is some retracement so I was selling a single contract for that.
     
    #9521     Aug 12, 2010
  2. Just got home to see this came within 1 tick of getting filled. However I'm not gonna chase it. Avg long at 77.025 and looking at a daily QM i see the TL at 75 you guys were talking about. Therefore if I can add to this position tomorrow around that level to bring my avg down to 76ish and we get to 78 next week before expiration my pregnant wife won't starve and I can pay my $500 electric bill. If it goes below that trend line I will have wasted a week and a half and we'll just kill the dog and eat him. Unfortunately it looks like it gonna stay hot and I love me a cold house :)

    What will probably happen however is it will go to 77 by the morning and I won't get out around b/e then it will tank to 72 after I add at 75. maybe scalping is the way to go:eek:
     
    #9522     Aug 12, 2010
  3. Shall we see CL trade below yesterday's low and break $75? Last few times thats happened it kept going.
     
    #9523     Aug 13, 2010
  4. yes
     
    #9524     Aug 13, 2010
  5. why the hell would anyone want buy at 75.30? Or is just short covering?
     
    #9525     Aug 13, 2010
  6. Picaso

    Picaso

    Because the equities and the euro are rebounding?
     
    #9526     Aug 13, 2010
  7. Because gas sales were up?
     
    #9527     Aug 13, 2010
  8. EON Kid

    EON Kid

    Lame price action for Friday.

    Also approaching changeover, volume should switch Tuesday/Wednesday
     
    #9528     Aug 13, 2010
  9. Picaso

    Picaso

    Pulling my hair for not shorting at 76.10.

    Stupid, stupid, stupid.

    Stop-limit (2 tick offset at 75.34) to go short... after 30 ticks in the money I will trail stop aggressively

    Hmmmm... I have it in sim because 1) we'll already be down a bit to get there and 2) I think euro's London close approaching is the only thing that is pulling down oil (seems nobody wants to stay long over the weekend just in case another politician opens his mouth) - if equities start to tank I will change the order to my live account (and post it - no tricks here :D)
     
    #9529     Aug 13, 2010
  10. It's nothing worse than indecision in this business, I though about it 100 times to short at the 20 MA (75.77)......that would it be 30+ ticks. I need a drink!!!!!!!!!!!!!!!!!!!!!!!!
     
    #9530     Aug 13, 2010