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"Just Oil"
Miembro desde Jan 14, 2010
posts 2279
Feb 28, 2016 at 12:07
Miembro desde Jan 14, 2010
posts 2279
I am worried about my long sugar trade. Entered upon few considerations especially momentum and previous 5 months up move and consolidation along with failure to take last week low on weekly and subsequent reaction. Need to see how market opens on Monday night. So far everything looked like possible trend reversal but who knows. Let's see.
Miembro desde Jan 14, 2010
posts 2279
Feb 28, 2016 at 12:07
(editado Feb 28, 2016 at 12:08)
Miembro desde Jan 14, 2010
posts 2279
arigoldman posted:
I think it's all guesswork now.
Yes, it is messy.
I need to look for better easier opportunities for now. I am short eurusd. Situation so far is also unclear but if it drops even to previous lows... I won't talk about parity still it would worth the risk.
Miembro desde Jan 14, 2010
posts 2279
Feb 28, 2016 at 12:22
Miembro desde Jan 14, 2010
posts 2279
I fighting burnng desire to close my sugar long outright. I hate when trade is not going as I expected. May be will take small loss. Or can close half position outright than watching how things will go and if it continues going against me I can close the rest. On the other hand, if that 0.1390-0.1400 level is taken to upside again I can add back closed half.
It is complicated. But I hate taking full losses. Made number of mistakes this week around cad. it was fortunate I did realize what was going on in time and closed all my positions outright. cost me a bit but otherwise I would lose 4-5%. so far, it is 1000 cuts. small losers.
Now the most important is to properly manage winners and cut losers short.
I am short all grains. having doubts about corn cause unlike beans and wheat it is still in the range. But , considering all grains are coming down logic has been corn should follow. I can close it today just to reduce possible risk a bit and free some margin for some other trades.
It is complicated. But I hate taking full losses. Made number of mistakes this week around cad. it was fortunate I did realize what was going on in time and closed all my positions outright. cost me a bit but otherwise I would lose 4-5%. so far, it is 1000 cuts. small losers.
Now the most important is to properly manage winners and cut losers short.
I am short all grains. having doubts about corn cause unlike beans and wheat it is still in the range. But , considering all grains are coming down logic has been corn should follow. I can close it today just to reduce possible risk a bit and free some margin for some other trades.
Miembro desde Oct 02, 2014
posts 905
Mar 21, 2016 at 07:10
Miembro desde Sep 20, 2012
posts 14
fter the pattern archived: as I mention the last post- the pattern suggests the bullish trend, for the coming trading sessions, pointing that the prices creating a possible bullish pattern that its confirmation wti level situated at 39-40 $, from looking at the charts we can see also the resistance at 42-43 area
This pattern also suggests some corrections after reaching the target. Breaking down 36.20 followed by 35.10 levels will send the crude oil to cope with 33-34 $
This pattern also suggests some corrections after reaching the target. Breaking down 36.20 followed by 35.10 levels will send the crude oil to cope with 33-34 $
Miembro desde Oct 02, 2014
posts 905
Miembro desde Oct 11, 2013
posts 769
Miembro desde Oct 02, 2014
posts 905
Miembro desde Oct 11, 2013
posts 769
Apr 08, 2016 at 22:54
Miembro desde Nov 14, 2015
posts 315
it should probably stay high and even continue up on hopes for a production freeze in Doha 17. April. As this is pretty unlikely with Irans refusal to stop raising the production, and Saudi-arabias statement that they will only agree if all agree, we will then see a sharpe drop. A comitment largely kept a float based on the oil ministers of Venezuela, Nigeria and Ecuador.
Both Russia and Iran have raised their production
Both Russia and Iran have raised their production
Apr 12, 2016 at 06:54
Miembro desde Apr 12, 2016
posts 5
ACAP posted:
no offence, but are you qualifiled?
That was my question, I believed there was a negative correlation of Oil to USDCAD, then I read a post that indicated that OIL FOLLOWS USDCAD.
WHICH IS CORRECT, CAN ANYONE JUST POST ANY BS THEY BELIEVE TO BE TRUE. IF SO, this is a very dangerous site!
Miembro desde Oct 11, 2013
posts 769
Miembro desde Oct 11, 2013
posts 769
Miembro desde Oct 02, 2014
posts 905
Miembro desde Oct 11, 2013
posts 769
Miembro desde Sep 12, 2015
posts 1933
May 05, 2016 at 09:26
Miembro desde Sep 12, 2015
posts 1933
One of my students is trading oil and making a killing on it,looking for a move higher.
"They mistook leverage with genius".
Miembro desde Oct 02, 2014
posts 905
May 12, 2016 at 15:49
Miembro desde Nov 14, 2015
posts 315
IEA rapport out, while demand is up by 80.000, overproduction is still 250.000. The expansion of Shaybah oilfield is estimated to increase Saudi production by 250.000 by July (financial times two days ago). I see crude back below 40$ in a month unless some other OPEC countries cut production. Saudi arabia is likely not going to adjust down the production because of the IPO of Saudi Aramco.
Miembro desde Oct 02, 2014
posts 905
Miembro desde Sep 12, 2015
posts 1933
May 17, 2016 at 21:38
Miembro desde Sep 12, 2015
posts 1933
Keep on moving oil,my student invested 150 now its 2200,pretty good for a newbie!
"They mistook leverage with genius".

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