Monday, February 07, 2011

Short WTI/COIL

In addition to my last post, this is how a live order looks like

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I’m short WTI/COIL at 11.50, will add at 12.00 and cover at 11.05

Stopped into this spike 11.39
(we made that higher low at 11.30, so I placed a profit stop at 11.40, which triggered at 11.40 and executed at 11.39)

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Btw: Here is the IB TWS screen showing the closed position

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You can see, that I’m looking at the crack spread (HO-RB) as well, but I’m not sure, if I will trade it, as it has quite a huge Bid/Ask spread. Will need to watch during RTH, to see if it gets better.

Ps.:

Trailing stops suck…(often not)

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Initial target hit (the lines are slightly off, as I set them on the bigger chart above)

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