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"Just Oil"
Členom od Jan 14, 2010
2279 príspevkov
Aug 03, 2011 at 13:41
Raider, oil news is coming. Might be good volatility.
Členom od Jan 14, 2010
2279 príspevkov
Aug 03, 2011 at 13:44
closed shorts too early obviously. cause made that stupid mistake. it messed my concentration.
Členom od Jan 14, 2010
2279 príspevkov
Aug 03, 2011 at 13:46
😭
Členom od Jan 14, 2010
2279 príspevkov
Aug 03, 2011 at 16:23
0-6-0.7% up today but should have been more. Have no idea why i did not see what I was doing and closed that trade. Probably not enough sleep. I will call it a day.
Price has approached daily trend line. I was targeting this area and closed my last trades few pips above it.
It has just break under but still has not reached trend line.
Will resume trading tomorrow. Looks like market has extremely bleak economic outlook if oil breaks this trend line and previous low.
Price has approached daily trend line. I was targeting this area and closed my last trades few pips above it.
It has just break under but still has not reached trend line.
Will resume trading tomorrow. Looks like market has extremely bleak economic outlook if oil breaks this trend line and previous low.
Členom od Jan 14, 2010
2279 príspevkov
Aug 03, 2011 at 16:26
(upravené Aug 03, 2011 at 16:27)
just touched that trend line.
Členom od Jan 14, 2010
2279 príspevkov
Aug 04, 2011 at 12:53
That's it. Week is done. Made 0.4% today. I was late to PC when saw that break down already happened. so, I waited for price retracement and finding resistance than shorted. Opened the smallest position. Got stuck as it got clear to me guys were cleaning orders. Unfortunately my stop got triggered just minute before price dropped, but I entered immediately after seeing that price is falling again with bigger size. Moved stop to BE quickly. However decided to take profit quickly and stop trading as price is between 2 daily trend lines. as I expect very high and crazy volatility. Will be on sidelines till Monday when it might become clear whether trend lines hold or not.
Členom od Jan 14, 2010
2279 príspevkov
Aug 04, 2011 at 12:56
Oh jeeze, haha, as I expected. Price bounced back up exactly where my previous stop was. had I let profits run would have needed with BE trade.
Today's loss was ok. I was patient and acted as per plan. Happy with today's trading.
Let's move to another week.
up 1.6% for a week which is within my goal however should have had a hell of a week had I been more patient like today.
will try to keep it this way next week and beyond.
Today's loss was ok. I was patient and acted as per plan. Happy with today's trading.
Let's move to another week.
up 1.6% for a week which is within my goal however should have had a hell of a week had I been more patient like today.
will try to keep it this way next week and beyond.
Členom od Jan 14, 2010
2279 príspevkov
Aug 04, 2011 at 13:06
I will not trade but oil is going towards pretty interesting point. Might be a hell of opportunity to short the thing if price action is right. I would not go long yet.
Členom od Jan 14, 2010
2279 príspevkov
Aug 04, 2011 at 17:18
Wow, been away came back to find this huge drop. Trend line and previous high did not hold. Market really has bad feelings about economy if oil with all supply problems drops like this. It dropped exactly from where I expected it to reverse practically few minutes after I left.
Členom od Jan 14, 2010
2279 príspevkov
Aug 04, 2011 at 17:28
I started trading today at around 7:30 a.m and finished around 9:00. had to go. Now I see how much it better to trade when Numex opens. Huge $4 drop from where I was shorting and where I would expect to short again.
It looks like I am getting better and better feel of where price goes. It's just funny how those big moves happen just after I either close trade or leave.
It looks like I am getting better and better feel of where price goes. It's just funny how those big moves happen just after I either close trade or leave.
Členom od Jan 14, 2010
2279 príspevkov
Aug 04, 2011 at 17:30
I think the best would be to just come to PC at around 9:00. The problem that after years and years of getting at 2:00 a.m. EST I kinda tend to get up early and since I am off till the end of August I have no idea what to do. Since the end of August I will be back exactly to Numex open as I usually do for break when I finish first shift.
Členom od Jan 14, 2010
2279 príspevkov
Aug 04, 2011 at 17:44
well, it keeps falling. even weekly Support at 87.00 seems no holding. Well, will close the damn thing. It makes me upset. I will not however chase the market as I know what might happen.
Členom od Jan 14, 2010
2279 príspevkov
Aug 05, 2011 at 10:45
It looks like oil formed resistance at 87.10. will check on it again after news
I have been reading about renewable energy by the way.
It's pipe dream. Cannot support current lifestyles.
The only solution is methane hydrates and other forms of methane for now. But ultimately it is nuclear fusion.
It is not possible to know what oil will do, but it failed to get above $100 magic number and it did broke trend line on daily and weekly support of 87.00 so far did not hold and turned resistance.
I have no idea what news will do, but I think that it is down now. Even if oil jumps on better than expected news still it will continue down for some time barring some bad news on supply side. Then it does not matter what economic news say as oil is not some invented thing like currencies but real thing. If there is no enough oil on suply side or even just a thought of not being enough it will all go up.
It is really "smart" idea on Chinese / Indian side to build their countries the way USA built. Based on automobile. Crazy.
I remember Beijing in 1988-1989. There were few taxis and that's it. I want to add, and no fat obese Chinese.
On oil supply side I hope USA will not go into Syria after Assad. Let those guys figure out what to do themselves.
I have been reading about renewable energy by the way.
It's pipe dream. Cannot support current lifestyles.
The only solution is methane hydrates and other forms of methane for now. But ultimately it is nuclear fusion.
It is not possible to know what oil will do, but it failed to get above $100 magic number and it did broke trend line on daily and weekly support of 87.00 so far did not hold and turned resistance.
I have no idea what news will do, but I think that it is down now. Even if oil jumps on better than expected news still it will continue down for some time barring some bad news on supply side. Then it does not matter what economic news say as oil is not some invented thing like currencies but real thing. If there is no enough oil on suply side or even just a thought of not being enough it will all go up.
It is really "smart" idea on Chinese / Indian side to build their countries the way USA built. Based on automobile. Crazy.
I remember Beijing in 1988-1989. There were few taxis and that's it. I want to add, and no fat obese Chinese.
On oil supply side I hope USA will not go into Syria after Assad. Let those guys figure out what to do themselves.
Členom od Jan 14, 2010
2279 príspevkov
Aug 05, 2011 at 10:50
(upravené Aug 05, 2011 at 10:51)
This is how I see the big picture.
Drew 87.00 support second lower trend line yesterday so it hit it overnight and bounced back to 87.00 support turned resistance.
Uploaded with ImageShack.us
Drew 87.00 support second lower trend line yesterday so it hit it overnight and bounced back to 87.00 support turned resistance.
Uploaded with ImageShack.us
Členom od Jan 14, 2010
2279 príspevkov
Aug 05, 2011 at 13:10
Ok, checked on oil. I think that some short orders were taken out. now if 87.00 holds as support price can drop hard. especially if 85.40 gets broken. In any case I am off till Monday. will check after market close how things were going.
Členom od Jan 14, 2010
2279 príspevkov
Aug 08, 2011 at 11:46
New day/ new week. Oil dropped $2.5 after the open. waiting for Numex opening.
Členom od Jan 14, 2010
2279 príspevkov
Aug 08, 2011 at 19:08
Day was not so good. lost couple first trades. third trade had up to 80 pips ended BE, fourth trade picked 80-85 pips cause price stuck. I was aiming at 82.00. It got there and more but I had to leave and just came back. No luck.
up a little bit but not what I expected.
up a little bit but not what I expected.
Členom od Jan 14, 2010
2279 príspevkov
Aug 08, 2011 at 19:14
If to imagine that i would close third trade for some 70-80 pips and then took fourth should have been super duper day.
I really did not expect 83.00 to hold. but when it got broken it gaped big time as I see it. I have gap of 40 pips down on my 5 min chart. It's pity I was away.
Will call it a day and resume tomorrow.
I really did not expect 83.00 to hold. but when it got broken it gaped big time as I see it. I have gap of 40 pips down on my 5 min chart. It's pity I was away.
Will call it a day and resume tomorrow.
Členom od Jan 14, 2010
2279 príspevkov
Aug 08, 2011 at 20:40
I have checked and now I see what mistakes I made at first 2 trades. I did not wait for momentum to slow down and reverse. it was too early.
Členom od Jan 14, 2010
2279 príspevkov
Aug 08, 2011 at 22:58
(upravené Aug 08, 2011 at 22:58)
Holy Cannoli!
Sell off continues.
Sell off continues.
