Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Crude sell off spooked by weekly inventories report. I don't know why the market reacted with so much volatility on this report. The data series of weekly inventories is notorious for being "noisy". Perhaps because of attention to falling commodities prices in general over the past few days? Equities didn't blink.
I went off my automated system here and cloed my real long positions at this challenge of the cash open. I'm really hurting on my cash acconnts and I want to lock in the 20 points captured on each. I don't like this market action. We've seen reversals a lot lately and this system is not designed for frequent reversals ( as the long hiistory of the market doesn't have them ).
I hope I don't regret exiting.
It's been a nice rally but I'm done cellebrating. I'd like to see 1929.75 breached before I get too bullish again...
edit: on second thought it's possible I would start looking to short if we get above that.