Recent content by solfest

Traders must also be risk managers. The two jobs don't always agree on what to do. I think the risk manager has to have the ability to control the trader. For most it is the other way around. http://tradingcrude.blogspot.com/

There are a few things that stand out when you look back at most of the investment/trading gurus gone bad. 1) They make very public claims about how much money they give to charity. 2) They make it known they are very "religious" or are members of a church. 3) They host business events...

Technical analysis works if the majority of the people use roughly the same things. If the majority of people think fib numbers work then they may work. If no one on earth besides me looks at a 34EMA then I doubt a 34EMA would be of much use. Trading with the trend means trading with...

Anyone have any experience with Renko Charts? I would like to hear any opinions or trading ideas with them. Thanks Copy of Renko Chart here: http://tradingcrude.blogspot.com/2008/08/crude-oil-renko-chart.html

I think instead of wasting all the time and money campaigning we should lock Obama and McCain in rooms with a trading computer and $100,000. Give them 30 days to trade and however has the most (or any) money at the end is the new President. At least we would find the one that understands...

The price of crude is determined by supply and demand. That said it is also determined by the threat to supply and that threat still remains in the Middle East with the war in Iraq and the Israel tension with Iran. All the North American oil supply that can possibly be brought on stream...

I tried suggesting we were at the end of the crude oil run a couple of times now. I give up. The trend is long until it is short. The 34 EMA on the daily has been support several times now. I don't think you can call a trend change until it is broken, and maybe wait for a 50 - 100...

It's unfortunate that anyone is treated this way. I have worked in the banking business and one of the reasons I left was the compliance requirements. The banks and brokers are being forced by their governments to ask these questions and obtain every identification document known to man...

If the price of oil is the result of supply and demand, then the current price is based on the real increase in demand from China and India and the threat of supply disruptions. This supply threat can be blamed on the war in Iraq and the recent price spike based on the Israel / Iran conflict...

I asked this question in the "quitting trading" thread. Do you have a business plan? Not just a trading plan but a business plan. If you are going to go full time then this will be your business and you should treat it just as if you were starting any kind of small business. This should...

oil was just catching up to natty gas last week wish I was long natty a yr or so ago when it was tanking .... Don't we all. I guess Brian Hunter and Amaranth were right after all. Just a little early, and perhaps some position sizing issues. :)...

Does the fact that oil is finite mean that it can be different this time? In spite of the supply demand issues I still think the price of crude oil is mainly driven by the war in Iraq and the possibility of further conflict in the Middle East. There were 3 news items on Friday, Morgan...