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I just went long at 5860. Reasons 1)Retail sales although were negative but were better than last time around and big players ARE going to exploit this and we will see this news later on in the session 2)Fund buying occuring all the way from 5890 to 5850

1)end of day volume spike on weekdays has more to do with position squaring and less to do with bull/bears competition 2)DOM/marketprofile on crude only accounts for electronic session. Pit session DOM isnt available for any market AFAIK 3)I was infact talking about other traders lots at...

1100 lots buying at 5810!

@IV can you post pics of CQG trader?

I believe that we should fall from here now. Currently we are at 5905. I believe 5750 is very much possible. Touching 6000 was a technical matter. It had to happen because of technical reasons but now with inventory outlook and all the stuff i believe we are gonna fall

I use manxpress. Old software with old interface but works for me

:) I entered at 5805 as there were huge lots 200+ at 5800 for buying before the european session which is huge even by nymex standards (reversals happens at such huge buying even in nymex). But then it broke through and I got stopped out at 5790. However bought again at 5840 and just exited...

btw I am still extremely bullish on oil. The current short I am in is just an intermediary move I want to get advantage of. I am going to buy and buy heavily the moment my system suggests to (which would be around 5700 mark ) We are going to touch $60

vgood infact after i made the quoted statement we hit 5863. I got out at 5840 as fund selling came pouring in like anything. ATM I am short 5795 with stop of 5820 target 5710

I still believe we will see a new high today

I am from pakistan a daytrade crude oil on a 4mbit connection(which costs around 50 usd). If a third world country can have high speed internet why not a developed country like norway?

Thnks. We have 4 accounts now. The smaller ones (5 figs) are used for daytrading and they are up much more in % terms. The trades i post here do get mixed up (b/w the big swing trading account and the smaller daytrading account) hence the confusion u have Getting returns on a bigger...

I am long 30 lots avg 5745. Still looking for 5990. There is no stopping crude now

economics is one area where two opposing thoughts can be right at the same time. I btw never took this equity rally as an indication of economic recovery.

The independence will start in the last 1 hour Do take a look at the EURUSD btw

What is your 1)your average trade holding period ? 2)target in cents? 3)risk in cents you take? (for crude oil)

The market is ignoring fundamentals for now and is likely to do so. $40 is too cheap. I missed the the $35-$40 to get long for long term trade. So did many others. The day it falls to $40 every other trader on earth is going to get long especially as economic recovery is around the corner...

we will make a new high and close near it my guess is 5940

I highly doubt the authenticity of the 7-to-7 claims. A person who is able to turn 7k into 7million is not lucky. He is a genius. Such a person would never let millions into a managed account with somone who cant even generate 10% return, let alone forget about it

I dont have a managed futures account(which the article you posted is about) with anyone, MF global included. Already this year (till today) my account is up 50%. Keeping in mind this is a high 6 fig account and I only risk less than 10% of my capital, it is quite a favourable return on...