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The remark I am going to make next is admittedly banal and obvious. If you trade movement, and not veiwpoint, June so far is just another good month. Taking a viewpoint (has the top been reached?is the bottom now in?this is why its a bear market?this is why its still a bull market?) is a...

This is not technical trading. You appear to start with a haphazard bias that oil is too high and so you shorted CL on a prediction that it would come down. And you are prepared to wait as long as it takes. This is just prediction operated over a number of days. Equally where you have views...

These institutions become very overstaffed and difficult times force a return to reality. Suddenly there is a change to conserving every cent of revenue and only spending wisely. Staff have no excuse for not knowing how bloated staffing has become in the organizations where they work. They...

Well Bob you are not going to take the very best advice you can receive at this early stage. Here it is. Stay away from trading. Forget it. You do not have the nerve and capabilities to master this game which very very few have. You are not going to be one of those few. Remember later...

The SEC cannot do any better than scapeggoating a few unfortunates after any alleged catastrophy. If you try to get any sense from them beforehand as to the parameters you should use, they won't take responsibility. They are the epitome of human weakness in that will bite and scratch you and...

This is a thread which throws up the expected failures of knowledge and understanding and consequently the misconceptions in this thread topic, and it is an area I mention very little. I have always worked with the metrics of the markets (eg CL,YM) established and known to myself. OHLC is...

Scalping seems to be a wide term for many including what I call short term target trading. But I judge the term 'scalping' as meaning only high frequency very fast trading for a few points each time. So let me address short term target trading. I don't do this because there is much more to...

Those stories are not about failure. They are about trying and trying again. Trying is not what most risk. Certainly trying again (and may be again and again) is for a narrow few. One failure, if even trying that once, whips the ass of the victim for good and all. And we all love to see the...

I liked your reply. As it happens I can "choose". You can "choose". So can anyone. Look across life, how many among the multitudes, "choose"? :)

Apart from babbling short bursts all over ET, perhaps you have fallen off the edge and can't find your way home. Anyway, keep trying pal and good luck.

This thread mixes up happiness and money. This is because so many dummies do not 'get it'. You choose to be happy (or not), yes, every day. Little money does not get in the way of this choice. In fact it makes having little money a very small burden, if any. THIS IS THE ONE WAY YOU CAN MAKE...

Strategic vision is the backtesting, theorising, blurred vision, rose tinted spectacles stage where you are busy doing lots of stuff, you are exchanging ideas on ET, you are feeling excited, you are feeling self important. You dream big dreams. You may even do some boasting or feuding on ET to...

The Financial Times reports (Fri June 13 2008) that the role of speculators is cast in doubt by increased refinery oil premiums for high quality crude and that this lends weight to the argument that speculators are not the cause of current high prices. This is no surprise to me or other serious...

All newbies and wannabes are unable to see, how much they lack and why they will fail. "You're walking around blind without a cane, pal." Gordon Gekko, 'Wall Street' In successful day trading you have to know exactly what you are doing all the time. "I don't throw darts at a board. I bet...

If your reactions lie in the 'slow/to dead slow/to paralysed' zone then, no, of course you cannot trade oil (CL) at its fastest. If you know exactly what you are doing, you can. In fact a lot of the time CL doesn't seem fast enough because you get so used to the fast pace of the session (as...

No, demand is not inelastic. You have not yet had sufficient experience of the real world around you to know any different. However I might still agree that oil demand appears to be not very elastic so far, certainly at this stage. But three factors are at work. The high price of petrol (gas...

The very best advice that could be given to you is, 'Go back to your old job. Forget trading completely'. :)

What a gigantic shitload of points were made available by the CL market today. The range (Tuesday June 10 2008) was 650; as already commented here by me before, from time to time in the last 18 months there are big ranges out at 4 to 6 bucks for the day. Those that had turned around from the...

A calm look at the end of this week and you may possibly get a sense of balance. The range today was 634; from time to time in the last 18 months there are big ranges out at 4 to 6 bucks for the day. Of course those with overnight or longer 'short' positions were getting their peckers further...

All those shorting have had their peckers chewed up in the mincer - this current lightning bull recovery mincer. But if you simply play each day, you need only read the market with an accurate methodology. You utilize the gyrations, buying the upmoves and selling the downmoves. You are calm...