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The triple bottom at 4340 was the best time to enter. Infact it was one of the easiest possible enteries because surprisingly stop hunting didnt took place there. Going back at that time, one would see price getting support there, therefore with a very tight stop loss of 5-10 ticks below the...

lol that was my guess too well as far as tomorrow is concerned, my view is that we will break todays high and see around 4780 BEFORE nymex opens i.e. in the Asian and European session. In the NYMEX we will see an initial drop from 4750 levels to 4600 and then we will rally closing above $50 for...

over the last couple of days avg daily vol has been 250k we have done 210k uptill now the reminaing 40k lots....anybody guessing what they will do?

thnx alot!

we are up $1 the buyers just keep on coming!

i currently dont have access to charts....can anyone tell me whts the 40 day MA and 50 day EMA on oil currently?

And btw I have limited knowledge and have done limited analysis of market profile/orderbook and according to my limited knowledge the movement on the profile suggests we are gonna go up $1-$2 more. Uptill now, every green candle has 100s of lots below it for more buying.

We had the retracement one day before( I thought friday). This current move today represents exactly what I said about big players forcing everyone to go short and manipulating the price to shoot up. 'Buy the rumor, sell the fact' We know normal weekend buying makes the price jump $1-2. Just...

lets see what happens tomorrow :) btw do look at historical data and see what happens on last trading day before an opec meeting

dollar strengthening? what are you talking about because I was looking at Reuters all day and Euro was at 1.2840 ready to resume the uptrend. And as far as oil price is concerned, we will be closing above $50 tomorrow

And btw commenting to the movement on the close. A couple of mins before the drop, oil just kept on dropping and it was looking like we will close near 4150 if not below it and suddenly at the close and after it, we shoot nearly $1 upwards. IMO this indicates the end of this downward move. I...

Thanks guys Yes spanish its 45.50 Ive started a new journal(but that is for 1 account where Ill be trading to make monthly income for myself) As some of you know Ive other accounts too(which are bigger in size) and we have to decided to go long and wait till it reaches $50 in all our accounts...

hello eveyone sorry i had been away for day for some important work Yes ive bought and bought heavily at around 4550 avg. My view is that OPEC cut or no OPEC cut, this thing will definitly touch $50 if not $55.

For monday I am expecting any upside move to cap at 4660 level and then head downwards; till 4500 in the European session and may drop further to 4300 in the NYMEX. Ill be looking to short around 4650

The trades explained graphically

Crude Oil. Mentioned it in the opening post

Exited the trade at 4520 What a day! $2500 profit for the day The rationale behind all these last trades was weekend fear buying. A tight stop loss in the beginning little loss even if I was wrong.

Stop is 4425 EDIT: Looks like ill be earning half my monthly profit today if things go as planned

Exited at 4470 for 130 ticks profit. Bought 1 lot again at 4450. Will post rationales later

Stopped out. Bought again 2 lots at 4406 Stop 4390