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"Just Oil"

Chikot
May 06 2011 at 07:24
posts 2299
May be, but I was expecting quick re bounce and and price moving above 100.00. It is not kind of thing that happened last year.
TotalRecall posted:
    
Chikot posted:
    It looks like those unemployment data had important impact upon oil as investors realized what kind of recovery it is if it is going on hot air and not supported by real job creation.

hi chikot

I think the only thing investors-speculants realized was profits :D and some latecomers even losses. all that campaign.. buy commodities, buy silver,gold now when its still cheap... all they needed was some sheep to buy it from them at the top

Chikot
May 06 2011 at 07:29
posts 2299
It is not that simple. for now mood is bearish obviously.
Chikot
May 06 2011 at 07:34
posts 2299
ok, shorted it after 99.00 got violated second time looks like serious attempt on yesterdays low. closed half position at 30 points above 98.50 and moved stop to be. no take profit target for now.
Chikot
May 06 2011 at 07:35
posts 2299
will try to trail it if 98.25 doe snot hold if it holds I will close it probably myslef.
Chikot
May 06 2011 at 07:39
posts 2299
closed it around 100 pips. i wonder why. I gotta work on my psychology. 98.25 did not hold broke like nothing and it's moving lower yet. damn.,
Chikot
May 06 2011 at 07:39
posts 2299
damn, for all I kjnow it might be 300-500 pips day again.
Chikot
May 06 2011 at 07:41
posts 2299
Chikot
May 06 2011 at 07:43
posts 2299
good decision, good entry, trade management sucks.
Chikot
May 06 2011 at 07:48
posts 2299
there were no sense to close it at the moment. I already moved stop to 98.30 and price was showing strong downward momentum.
it looked like my hand had life of its own. one of those days when big returns are made and trading is easy.
Chikot
May 06 2011 at 07:51
posts 2299
ok, shorted again with reduced risk closed half for 50, stop at 96,30 and I will not touch it and will only trail it.
Chikot
May 06 2011 at 07:51
posts 2299
Chikot
May 06 2011 at 07:52
posts 2299
closing on 95.00. damn Ferrari.
Chikot
May 06 2011 at 07:52
posts 2299
stopped at be at least I did not close it manually.
Chikot
May 06 2011 at 07:54
posts 2299
not be, locked 30 pips. strong bounce. so, I would call it a day . could have made much more had I controlled myslef on winning side.
Chikot
May 06 2011 at 07:55
posts 2299
it looks like investors coming back.
Chikot
May 06 2011 at 07:56
posts 2299
but..... probably not yet .
Chikot
May 06 2011 at 08:05
posts 2299
Chikot
May 06 2011 at 08:09
posts 2299
may be I moved stop too early. 94.50 being tested.
extraordinary events.
No wonder dudes do not do grids on oil. I imagine grid dude trading his little grid here.
Chikot
May 06 2011 at 08:19
posts 2299
it's going down much faster than it went up.
ok, I feel tired and will take a nap before going to work.
T1FX (t1fx)
May 06 2011 at 18:35
posts 23
big swing today for oil, i just close a LONG position and called it a day today.

how long have you been trading OIL ? I'm fairly new to OIL, only start trading OIL this year.
T1FX, Making Money Is Automatic
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