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CL the beast. Stopped me out on a 150 ticks stop loss. Reshort 93.92 on smaller size to recover some loss. Anyone looking for education- once one has done enough testing , SIM trading etc. market education is the only one which matters. Expecting 54.24 to be high at least for this week. Tomorrow 10.30 am inventory report should give some clues as to how serious this BULL is.
NOTE: I do not look at DOM. I have it on static mode.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Yep, I am waiting for it and may add to shorts based upon reaction to the API report.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
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Agree some very strange curve gyrations today!
CLH5/CLH6 spread strengthened just 42c today or 3.5/c month while
CLH6/CLH7 spread strengthened $1.43c today or nearly 12c month
To exaggerate the point even more
The 5 month spread CLJ5/CLU5 spread narrowed just 9c today or less than 2/c month while
the 5 month spread CLN6/CLZ6 spread narrowed 69c just under 14/c month while
What am I babbling about? Take a look at this...
Today is the red cross in the bottom right hand corner.
Shorts with stop loss above 53.40 area and longs around 49 area provided exhausation bar to the downside shows up. In between , no trades for me. Also, if 53.40 area gets taken out, will look for longs.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.