oddly trade desks at IB's here in europe are short the CL, but probably they don't know what they're doing...
Stops are for pussies This Surfer dude is hardcore, takes $22,000 heat on this seat of the pants CL trade, without breaking a sweat.
How often when cl is off 3% does the next day follow through to the downside again? I'd say more than 50%. Does anyone know? Why wouldn't you just take the trade off MOC yesterday and then re-enter today when you see good price action in your direction? 20 years in the market, huh. Must have been a tough 20 years of losses.
---------------------------------------------------------------------------------------------------- Perhaps. Although personally I think his wife is gonna kick his ass when she finds out about this one.
Down a max of 2.47 points in oil and you guys are ready to crucify the method as being nonsense. You cant' trade weak handed in this market and need to be willing to take drawdowns to catch the big waves. I have a longer term time frame on this entry-- yeah, it sucks that it went against me immediately, but looking at the big picture combined witht the PD reading of 7, this one should still be a winner. I'll close it out should the PD readings drop--- surf