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"Just Oil"
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Member Since Jan 14, 2010 2186 posts
Chikot
May 03 2011 at 06:53
ok, it is not loading images from image shack.
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Member Since Jan 09, 2011 23 posts
T1FX - TripleOneFX - www.t1fx.com (t1fx)
May 04 2011 at 02:05
i do oil trading for this few months too. seems it's a nice pair to trade.
here is my client trade ac, just for oil this month: http://www.myfxbook.com/members/t1fx/t1fx-usd3000/101815 +5% a month, keep all the banks away. |
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Member Since Jan 14, 2010 2186 posts
Chikot
May 04 2011 at 06:42
yeah, looks good.
but oil is not a pair :) it's a commodity. I always wanted to trade oil. |
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Member Since Jan 09, 2011 23 posts
T1FX - TripleOneFX - www.t1fx.com (t1fx)
May 04 2011 at 14:35
HAHA ..yeah last short position closed now. be back next week after NFP... wont be taking trades for this week.
+5% a month, keep all the banks away. |
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Member Since Jan 14, 2010 2186 posts
Chikot
May 04 2011 at 21:01
I made mistake. went long. I was thinking 111.00 will not hold. so, when I shorted later in the morning I just traded back today loss from night session . No luck this week so far.
Decided to trade only OIL account as I take same trades on both accounts which kind of makes no sense. OIL 1 I will not trade until I get some idea to take different trades from OIL. it will be nice to see when all this reverses and testes previous high again. |
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Member Since Jan 14, 2010 2186 posts
Chikot
May 05 2011 at 08:32
took into account yesterday's mistake waited and shorted at right moment. 3/4 position is closed at profit and 1/4 left to run with stop at BE.
Generally speaking after very strong daily candle it is higher probability that next day will also move in same direction especially if some important level were broken by daily candle like 111.00 the day before yesterday. |
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Member Since Jan 14, 2010 2186 posts
Chikot
May 05 2011 at 09:14
ok. looks like 108.40 got broken and I am in. will move stop to 108.56 locking 40 points.
I am thinking would not be wise not to have take profit at all. this thing can run 400-600 points daily. |
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Member Since Jan 14, 2010 2186 posts
Chikot
May 05 2011 at 09:34
locked 20 more points. target 107.06.
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Member Since Jan 14, 2010 2186 posts
Chikot
May 05 2011 at 09:35
thir bound to be some reaction as this area has previous history but round numbers like this tend to house a lot of orders.
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Member Since Jan 14, 2010 2186 posts
Chikot
May 05 2011 at 09:44
leaving home and closed at 150 points. 40 points away form target. brought account back. nice. sure It have good probability to hit 107.00 but better not to be too sure as I was too sure few times this week. bringing account back to former top is a priority. now, let's start bringing account to new high.
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