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Just redrew it a bit better. Looks like we just bounced off of that line!
Below the line now huh? Maybe close above.
API and EIA reports on deck. Hopefully an nice move up AH...
Lots of people have a 3 day weekend. Good time to take a few vacation days (since it is a shortened week) and go on a summer trip.
High is 70 in Chicago today... Unseasonably cool
Great trade!
When do we switch to July contracts?
"still don't care for the way it trades but love the money it can make"
I know right!? This thing is constantly leaving naked candles in both directions but you can sure make some big $ if your on the right side of the trade!
Down goes the dollar...
Guess it bounced off the trendline; didn't actually go through it.
Lets close that gap on the Nat Gas chart at ~$2.72!
No problem!
Oooh, gotcha. That sucks...
Lots of gaps to fill; all the way down to $58.50ish
3 days; to settle? Do you have more than $2k in your account? You should switch to a margin account so you don't have to wait for your funds to settle. You don't have to use margin in a margin account.
Funds don't need to settle on a margin account. That happens to me sometimes too. System error at the broker.
What time is the report?
I imagine this uptrend the past few days is a "buy the rumour": the rumour being a good report.
If the report is good there could be a sell of: "sell the news".
Just thinking out loud...
This shite is rockin' tonight!
API actually reported a draw!? I didn't think they knew how! EIA tomorrow, wooh!
Naked bar from Friday totally covered
I like the response so far.
Your posts always make me smile. They are a great reminder (almost a PSA) to always set a trailing stop loss, or at least a stop-loss. Why you were trading a volatile, high risk, 3X ETN without one (allowing you to get stuck in DWTI @ $117) is mind blowing.
Thanks for the somewhat regular reminders.
Who mentioned retracing to 57.80 this morning (free account, can't search the board)
We made it there and bounced.
Waiting for dry powder to clear.... errrgh!!!!
That is a Bob Dylan quote/lyric/song.
PP&M covered it.
3.17's almost back
Welp, that big ole naked candle is covered.
Lets see how much farther this goes down...
It would be nice to close the gap at $58.75 this morning for a solid run without having to revisit it...
OK, now oil AND dollar down... wtf?
I think napling is right; delayed due to holiday.
API schedule: http://www.api.org/~/media/files/publications/wsb-2015-sched.pdf
Wasn't API report supposed to come out yesterday? EIA today?
That implies, with the dollar being higher and oil being the same, that when the dollar drops a bit oil with be way higher.
Dang, WTI ended red for the week... just barely.
We need WTI to close above $59.82 so we will be green for the week.