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Yeah got out quick with 30 tics but it looks like it might go down more did an important news just come out? The currency market just got jolted

got out @ 53.80 with $150 profit

nice! I am hoping to get .30-.50 out of this scalp i got in at 54.1

Just went short @ 54.10 Keeping tight stop

I going to see if I can get some sleep. There is nothing to trade right now.

sorry to hear that dude. Whats your capital now?

Yeah I think you are right about that. Too bad I didn't see this rally 2 weeks ago. Now I feel like I have missed boat and its too late to jump on board.

I wonder where all this buying interest is coming from. I mean, it was only last month that people were talking about gloom and doom with demand destruction on the horizon.

Yeah I never understand the pre-open trading activity, as its seems really random, but I suspect its mostly driven by arbitrage with Brent Crude market during pre-open hours. I want to go short again today, but keep getting cold feed. OIL is so strong these days.

good work man! Yeah I agree, oil is way over-bought but shorting seems so difficult these days. This thing goes up $2 in a few min but will take a few hours to go down .50

I might consider selling tomorrow as well depending on how it behaves in pre-open trading.

I think the Chinese are finally starting to sell their US bonds. Even though the FEDs announced last week that they'll start buying treasuries, it didn't trigger a bull run in Bonds. Instead we got a big spike on Wed and its been going down every day since. It still hasn't reached Wed's low yet...

:D yeah man. wow, i just woke up and saw that my position had closed out with $500 profit :) very lucky though, cuz it looks like I had exited near the exact bottom and the market had spike right after that. Just goes to show that this market is just too strong and shorting is just a bad...

I just went short 1 QM @ 52.95 I am about to go to sleep but oil looks like its going to finally give us the much waited pullback and I don't want to miss the move down. I got $1 stop/exit setup just in case.

Cry me a river! He problly got the job on H1B and displaced a few Americans along the way. Unemployment will do him some good!

Yeah its free to open an account, but then you'll need to subscribe to data for each market. I get the North American Futures/Options bundle (which includes NYMEX) for free because I generate more than $30 commission per month. Otherwise it would be $10 per month.

You know what? I just came to the realization that oil has been in one of its greatest bull market in a long time and we've been wasting our time and money shorting it in the past month. The problem is that every time I wanted to go long, it looked so ever-extended on the upside so I went...

I am not sure. I only use IB and don't use external data provider, so not sure about price/availability. But I am sure if you Google around you might find a free source.

covered short @ 52.625 with $200 profit. Don't feel like holding oil shorts anymore. It just doesn't go down as fast as it goes up

52.40 must be a strong support, i am seeing lots of bids at that level on IB's market depth.