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" What is really strange that the Saudis and other OPEC's members have kept absolute silence over past couple of weeks about the matter."
That's why i am willing to short. Bigger the bounce= Bigger the opportunity.
The day offical announcement comes out of OPEC etc on production cut etc- CL will not look back. Till then bounces are shortable.
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.
Covered shorts around 50.30 . gave 30 minutes to see if 50 area is broken but no go. Sitting on hands. There is no new selling or buying going on. Tough to figure out stop loss either for long or shorts. Per my way of trading in both the cases stop loss will be too wide to do anything.
If CL rips above 51.20 area with FORCE- may try long.
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.
51.20 area did not get taken out, so no longs for me. Took a short at 50.21, Covered some 49.54. Till buyer shows up, down an down. I have to admit even i am surprised of complete fall out in 2 days. I was expectong we will get here in couple of days.
My short of 93.92 from yesterday looks like a distant memory. Value areas, Vwap, fibs, high volume node, low volume nodes etc you name it- everything out of the door. Of course at some point some level will hold this down move before complete fall out.
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.
Jimmy Boy needs to be put in his place one more time by John Stewart. Guys like these had CL as NO TOUCH at 44 as they were looking for 32 and then buy , buy at 54 becuase CL is going to $65. When CL hit $80on the way down last year, for them bottom was in, then $60 and then below $50 they became bearish (lol). At $80 it was just a pulback within a bullish trend.
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.