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we have to touch 68

@spanish you still holding ur 59.00 short?

@IV No this wasnt the reason. The sell-off we saw while both equities and euro was going up was because of end of month liquidation by funds. And as expected floor traders took the market towards its high on the close. We were never going to close around 65.70. Infact if you take a look...

I know but be realistic and do some calculations before you start giving out trade recommendations. Your $50 short would have caused even a well capitalized futures trader to be wiped out by now.

@everyone who thinks 'intrinsic' value of oil is 35,30 and blah blah why dont you guys short crude and get wiped out in the process?? now that would be a good sight :)

once again as expected although we didnt really touched 64, 63.82 sufficed providing an easy short opportunity with a double top where is everyone else?

:) 63 acheived next target 64 after which we go down

how many lots do you trade that you find a liquidity problem?

no need to say more

what broker do u guys use? Margins and commissions?

nice performance but there is a basic problem with your sharpe ratio calculation. You should calculate a monthly or weekly standard standard deviation of your portfolio, annualize it and then use it in the formula instead of using max drawdown which can massively inflate your sharpe ratio...

@Spyrik You have an awesome setup which is clean and concise. Can you post more detailed pics?

62? my target was 63. Anyways its good to be consistently on the right side of the trade. I ve been extremely bullish over the last 2weeks and its paid off big time. I am still maintaing my call for 63. We have to touch it and we will. Most prolly on monday. FWIW I am holding longs over...

From 60.90 at close, we are now at 61.80+ in the european session. I am not done with the call yet. We will break the high and touch 62.95 today regardless of how equities perform

@IV forget the equities and just look at the euro. My call was based on technicals + fundmentals especially euro and 240 min charts and 60 min charts. The fact that I said 'guaranteed' meant that I was 101% sure of this move. I made the call at 60.80 and it just touched 61.48. Equities...

@everyone hold your longs overnight and get 100 cents guaranteed

the pattern we made was a classic stop hunting pattern with the new low. Moreover i witnessed huge buying as market dropped. With equities so low, oil is proving to be resilient so this seems to be a quite good buy point

i m betting we wont

yep with trailing stop at 6095 to lock in 135 ticks profit

with FOMC meeting minutes coming up???