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stopped out @ 51.45

Its choppy today. I've moved my stop down to break-even @ 51.40 and set exit @ 50.80

I see support at 50.73 and the next one at 49.60

Just went short 1 QM @ 51.40

Leave and go where? They don't have much of a choice as the job market in finance is dead. They can either shut up and stay or go and become cashiers at Walmart.

I would go short again, but I am lil pissed off right now and don't' feel like trading. Heading out for breakfast. Will be back in an hour.

Got stopped out at 52.15 with a $20 profit. What a waste of time

I just moved down my stop to near break even at 52.15 the selling is weak

just went short 1 QM @ 52.20

All my econ professors in college had elitist attitudes. I think that’s pretty much the norm for most people in that profession and their writing style reflects their pompous mentality.

Yep! Today's move by the Feds didn't really surprise me, since they've been on this path for months, but it did take me off guard. Good thing I didn't have any positions open. This whole inflationary move is good for stocks, oil, gold and other commodities. What pisses me off is that...

damn, i overslept and it looks like I have missed much of the down move

I am going to get some sleep so I can get up before the inventory release in a few hours.

Here is the daily chart. I've been burned badly for shorting this week, so I am being cautious as well. On the daily chart, we have some more of upside to go before reaching the top of the channel. So it might be safer to wait until it touches the top of the channel at 52.50 before...

Here is my reasoning for wanting to go short: On the hourly chart, before every peak, we made an inverted hammer candlestick. And we just made two of them. (see chart) That usually means that there is little support at those levels and market drops as soon as it rallies there.

I think PST is the worst time zone for trading. Any other west coast traders having problems with time zone issues: sleepless nights, having to get up 5 AM every day, groggy and tired by mid day? If I wasn't stuck with my day job, I'd move to the east coast in a heartbeat.

I am thinking about going short again. Whats everyone else planning for today?

Dude, I am so frustrated with oil. It seems like I am keep taking the wrong side of the market. I am going to start looking for new markets to trade. I might just go back to the good ol' ES!

Wow oil just hit 49. I wish I had gone long this morning.

I just go stopped out at 48.70 and took another $505 loss for the day. This sucks, now I am -$1059 in the hole for the week.