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  1. U

    Technical outlook on Crude

    I expect market to retrace to 10310-10330 level tomorrow. I am short from 10465
  2. U

    Technical outlook on Crude

    bearish divergence on 4 hour chart i believe prices will hit $97 within 1/2 days
  3. U

    Average withdrawl time at your brokerage

    well in my case its from US to Pakistan wire transfer can u do same night transfer in this case too?
  4. U

    Average withdrawl time at your brokerage

    Well lets see which brokerage firm has the lowest withdrawl time. By withdrawl time I mean the time it takes from funds withdrawl rquest to the time funds are credited in your bank account For me its 1-2 days. broker is MFGlobal
  5. U

    Youngtrader's Commodity Journal

    thts the same one i was looking at tick = $0.005 rite? I am guessing that you trade these contracts based on technicals rather than fundamentals?
  6. U

    Youngtrader's Commodity Journal

    which eurodollar are we talking about? my software shows 3 month eurdollar march 08 having nominal value of around $250,000 but a trading calender I have shows nominal values of $1,000,000 and $500,000(full and mini) can u tell me the contract code?
  7. U

    Youngtrader's Commodity Journal

    not trading crude anymore? btw how long have you been trading? are u experimenting in new contracts or have traded them before?
  8. U

    Technical outlook on Crude

    can you please explain this calculation?
  9. U

    Technical outlook on Crude

    a very sensible post but let me correct you here that you should go long only on the last hour or half-hour. That way you are bound to get a better rate because market generally exhibits a pattern of dropping till the last hour. However as I said before a drop was coming and here it is. But I...
  10. U

    Technical outlook on Crude

    its only a start
  11. U

    Technical outlook on Crude

    dont know and dont care either all I know is that I have to be very careful and that market can drop to $85 anytime
  12. U

    Technical outlook on Crude

    yes and I am also hoping thats when they realize that 1)Venezuela is responsible for less than 1% of US crude supply 2)SPR is already near its max capacity 3)Cold weather is over 4)Economy is down the ground
  13. U

    Technical outlook on Crude

    well I am 21 years old and have started trading only a year back and thus dont know about the dot com days and dont trade stocks either( in the US markets) Here I must say that I am not saying that market is going down....I just said to remain careful. I am also a daytrader but it always pays...
  14. U

    Technical outlook on Crude

    by looking at how the market is behaving 100 looks like a childs play but let me tell you that ALL fundamentals are bearish and I am expecting a drop and my gut feeling says that this drop will be the biggest ever.
  15. U

    Technical outlook on Crude

    basically I look at the market and market players from a deeper perspective. Wouldn't be able to explain it here. Maybe some time when we have a chat we can talk about it. All I would like to say is that 'pros' change their statements every minute. One moment the economy is in recession and one...
  16. U

    Technical outlook on Crude

    what do you to say about the red line and red circle and the similarities in what you mentioned in the chart? How is this breakout a valid one?
  17. U

    Technical outlook on Crude

    Thanks got out of long @ 8695...made a couple of trades for 10/20 cents now I am short at 8750 for $1. It will go down to 8650 in 1/2 hours
  18. U

    Technical outlook on Crude

    What is the reward per trade you are looking for ? and with this much volatility small stops will not reduce ur risk but instead keep u stopping out can u plz elaborate ur strategy?
  19. U

    Technical outlook on Crude

    I am buying on 8670 with a target of 8710
  20. U

    Technical outlook on Crude

    Ill be trading the market today with an unbiased opinion and will be looking 10-20 cents trade. I also believe that market will rebound to 8800-8830 but Ill not bet on the bigger move ur stop is quite tight IMO
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