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The CL Crude-analysis Thread
Started:December 17th, 2014 (02:33 PM) by tturner86 Views / Replies:125,558 / 1,754
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The CL Crude-analysis Thread

Old February 12th, 2015, 10:26 PM   #251 (permalink)
Fiddler
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I must say that I have been looking for a push up to ~52, currently long. Its been holding up in the after hours but not as strong as I would have hoped. We should find out in the next couple of hours which way it goes from here.

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Old February 12th, 2015, 10:33 PM   #252 (permalink)
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mfbreakout View Post
OVX.

One note about OVX. Probably purely a technicality to most of you, but OVX is actually the Crude Oil Volatility Index based upon option prices for the Crude Oil ETF USO and not the underlying futures contract CL.

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Old February 12th, 2015, 11:32 PM   #253 (permalink)
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Luger View Post
I must say that I have been looking for a push up to ~52, currently long. Its been holding up in the after hours but not as strong as I would have hoped. We should find out in the next couple of hours which way it goes from here.

Right on time...now will have to see how much power is going to be behind this move. Hasn't broken the days high at 51.60 yet. Exits currently at ~51.80 and ~52.20, subject to revision as market conditions warrant (both up or down).

Edit:
Moved first target up too far to 51.95. Trailing stop exited me on both halves at 51.66.


Last edited by Luger; February 13th, 2015 at 01:34 AM. Reason: Exit
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Old February 13th, 2015, 09:07 AM   #254 (permalink)
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You might have different price action levels, but this is what I'm starting with

-Bill_M


Last edited by WilleeMac; February 13th, 2015 at 09:12 AM. Reason: sp, chart
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Old February 13th, 2015, 09:47 AM   #255 (permalink)
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Futures Edge on FIO

Are you a NinjaTrader user?

 
How do you catch a move like what just happened?

First and foremost, Foghorn Leghorn applies

We had a half-way-back long with a substantial amount of participation in the early Globex session (5107)

Frankfurt an London respected the HWB which had an anchor from the early Globex, mostly front run 5163 (I've found /CL will vary, exact number? Yes, no, maybe - experience.)

We had a down trend line starting in the early London session continuing into the Frankfurt/ London afternoon session

It seems most overlooked the "clean" (vs the jagged down trend line) price level at 5183 coming out of the Frankfurt/ London open

Everybody loaded up short not paying attention to the HWB long which had the initial (what traded first?) price action (participation) from Globex and Europe sessions.

Somebody in New York got to the office early and skull fu***d everybody that was short in Frankfurt and London

That's all I have, take heed, take note

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EDIT

What caused me to make the initial 50 retrace pull at 5053?

Something (pick what you want) was sure as hell holding "up" price at 5107.

Better explanations are welcome and appreciated

Maybe it was this?

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Last edited by WilleeMac; February 13th, 2015 at 10:18 AM.
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Old February 13th, 2015, 10:30 AM   #256 (permalink)
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@mfbreakout

MFB - nice to see you posting again.

Short - H&S - looking to break under OR - perhaps we can get 150 tivk today

Steve

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Old February 13th, 2015, 10:32 AM   #257 (permalink)
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The never ending cycle of bull shit


Quoting 
Live Squawk ‏@livesquawk 8m8 minutes ago

EU’s Juncker: Says Greece Is Far From A Deal With EU – France24

-Bill

EDIT

Livesquawk about an hour ago


Quoting 
So we've gone from "Far Apart" to a "Distinct Possibility" in three hours #Greece #euro



Last edited by WilleeMac; February 13th, 2015 at 12:36 PM.
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Old February 13th, 2015, 10:39 AM   #258 (permalink)
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Actually - not so much H&S - but consolidation ...regardless ...sticking to my Short -

Stop Loss 53.20

Scenario 2: Visiting Pervoious Week High : 54.20?

9:50 : got out with 20 tick loss - at around 53.11 - considering long for 30 ticks


Last edited by ziggy123; February 13th, 2015 at 10:51 AM.
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Old February 13th, 2015, 10:50 AM   #259 (permalink)
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Gotta give you guy's 'n gal's credit with long term short conviction

... cojones of steel

-Bill

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Old February 13th, 2015, 10:58 AM   #260 (permalink)
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WilleeMac View Post
Gotta give you guy's 'n gal's credit with long term short conviction

... cojones of steel

-Bill

Intraday short term short

Looks to me more CHOP than anything - a b it toppy - short again 52.95 first target


Last edited by ziggy123; February 13th, 2015 at 11:17 AM.
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