"Just Oil"
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Členom od Jan 14, 2010 2186 príspevkov
Chikot
May 06 2011 at 22:33
yep, I feel actually dissapointed and down despite making returns. I shorted this thing from 109.00 and I had this idea to leave 1/4 th of my trade running with no take profit but still closed it for only 150 pips. and tonight same.
I also was thinking oil was going up as bulls were coming back but wanted to sleep :) This is my third month trading oil. I used to tarde Forex but always wanted to trade commodities. And my daily schedule changed in such a way that I cannot trade Forex when it worth trading according to my style. I work 2 shifts every day and time is good to trade exchange based instruments. Can you say that oil behaves differently from Forex? I think so. But I also think oil is not for newbies. |
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Členom od Jan 14, 2010 2186 príspevkov
Chikot
May 09 2011 at 22:27
look like nice situation to start looking for long entries.
I entered long today after getting stopped on short trade, but had to leave early and closed trade. Nice daily candle. I wonder if 10 holds now. I think it ill. |
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Členom od Jan 14, 2010 2186 príspevkov
Chikot
May 10 2011 at 06:59
100 has held so far and currently price is testing 101 which is holding as support. Price is under daily open though. must be careful. I think if I go long will do so with smaller size.
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Členom od Jan 14, 2010 2186 príspevkov
Chikot
May 10 2011 at 07:18
Here in Toronto despite practically 15-18% drop of crude price in one week gas is still costs practically same. They dropped just $0.03-0.04. Does it say that big guys know something? Otherwise how to explain why prices are not going down at the pump?
May be because the gasoline made of oi; bought at higher prices for now? |
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Členom od Jan 14, 2010 2186 príspevkov
Chikot
May 10 2011 at 07:30
bought when price failed to break 100.70-100.75 level and crossed 101 from below. closed half position and moved stop to BE on second half. plan is to close half of what is left around 102-102.50 if it gets there. i will see. the last part will be left to run.
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Členom od Jan 14, 2010 2186 príspevkov
Chikot
May 10 2011 at 07:35
already was at 80 pips. waiting.
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Členom od Jan 14, 2010 2186 príspevkov
Chikot
May 10 2011 at 07:35
daily open usually serves as sh*t magnet.
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Členom od Jan 14, 2010 2186 príspevkov
Chikot
May 10 2011 at 07:41
ok closed half of the left for 70 pips and left the rest to run. will trail.
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Členom od Jan 14, 2010 2186 príspevkov
Chikot
May 10 2011 at 07:43
on what's left locked 20 pips in profit. if 102 is broken will move another 30 pips.
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Členom od Jan 14, 2010 2186 príspevkov
Chikot
May 10 2011 at 07:47
moved stop. have 40 pips locked.
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