Recent content by usman88

More downside is expected

Today market is bullish. Expecting $101.50

I know :) and I have been trading long enough and have lost enough to know such a news would never warrant such a move; especially when in the past, we break critical barriers we consolidate if there is to be a continuation move. I still maintain by call of oil at $95 by next week. If it goes...

Offcourse thats why one should always use stops or be well capitalized and not use excessive leverage :)

Yep its called classic distribution :D

Previously shorted oil at $99 a couple of days back. Added to those shorts just now at $100.60 in JAN12

Failed W pattern yesterday. If we hold below 9860 for the first hour, a $2-$3 drop is likely today

1)I am talking about going long/short from current market rate which was $98 a couple of hours back (You already are 100 ticks in profit but thats not we are talking about here) 2)Let me clarify. My exact statement is "Market will hit a ceiling of around $100 by teusday after which it will...

Ok lets see where the market goes from $98. Lets suppose you are long and I am short. Lets come back in a week and see where the market is :)

Crude trades in a range, it was $80-$90 since last couple of months. The current breakout has no fundamental backing and due to European Economic situation, a rally can never be sustained. Yes it will touch $99 and probably $100 too due to technical reasons but reversing and going long on $98...

Need to close below 97.20 for initial confirmation of downward trend

I know there are a couple of threads on the MFGlobal on these boards but I felt there was a need to create a separate thread for MFGlobal customers so that we can keep track of the situation and engage in coordinated efforts to recover our money. I begin first. Till date, I have contacted...

All currency accounts are guaranteed. Offcourse over 99% of accounts are in PKR (Pakistani Rupee). Then majority of remaining 1% are USD accounts. There are also some EUR accounts. In the last 60+ years (since Pakistan became independent), we never had a single bank failure. A couple of...

Is any MF Global customer currently in contact with the trustee? I am getting replies from SIPC and even got a reply for MF Customer Support but no reply yet from trustee