johnpaulca
12,036 posts
msg #123029
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3/4/2015 3:44:32 PM
SCO($71.50)....looks like time to short oil($51.77)
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fotchstecker
314 posts
msg #123030
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3/4/2015 3:50:39 PM
JP, do you have a target for SCO?
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johnpaulca
12,036 posts
msg #123031
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3/4/2015 4:25:03 PM
Target is around $75...like to see price action at 8.20am(MST) before setting a target. If it runs up in pre-market then I will dump at open.
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karennma
8,057 posts
msg #123032
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3/4/2015 5:16:24 PM
johnpaulca
8,752 posts
msg #123024
- Ignore johnpaulca 3/4/2015 9:06:31 AM
VIX....unreliable as a timing tool....imho
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JP,
What do you use?
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fotchstecker
314 posts
msg #123033
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3/4/2015 5:27:17 PM
JP, Anything in particular you're seeing that makes you think oil's in trouble? Dollar? Something else?
Thanks.
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johnpaulca
12,036 posts
msg #123035
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3/4/2015 11:02:54 PM
fotchstecker
55 posts
msg #123033
- Ignore fotchstecker 3/4/2015 5:27:17 PM
JP, Anything in particular you're seeing that makes you think oil's in trouble? Dollar? Something else?
Thanks.
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I trade oil in the following range: short at $53.60, long at $49.03
Stock: SCO
/CL is overbought in my timeframe(27-min) will go long.
Risk: high
Reward: high
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johnpaulca
12,036 posts
msg #123036
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3/4/2015 11:05:45 PM
karennma
5,018 posts
msg #123032
- Ignore karennma 3/4/2015 5:16:24 PM
johnpaulca
8,752 posts
msg #123024
- Ignore johnpaulca 3/4/2015 9:06:31 AM
VIX....unreliable as a timing tool....imho
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JP,
What do you use?
************************************************************
just my charts, nothing fancy.
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johnpaulca
12,036 posts
msg #123037
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3/4/2015 11:18:38 PM
FYI.....I'm short the market, it will be a slow calculated selloff where most people wouldn't notice it until their underwater....imho
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johnpaulca
12,036 posts
msg #123038
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3/5/2015 9:22:26 AM
/CL...is now oversold in PM(pre-market)...would be a good time to cash out SCO $73.67. This is just another simple way to scalp oil.
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johnpaulca
12,036 posts
msg #123039
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3/5/2015 9:24:48 AM
USO($19)...you can use this to go long.
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