Search results

Shorted 1 unit at 77.31, standard hard stop .20, but with a view to playing it close to the vest, considering it looked bouncy Moved stop to breakeven double quick since I wasn't too happy to be entering in the middle of the value zone (I didn't get filled before in the low .40's). Failed...

s .31 .20 stop moved to be

For those who follow the weather: storm upgraded to 70% chance of turning into hurricane. http://www.nhc.noaa.gov/gtwo_atl.shtml IMHO, this and uncertainty about the weekend meeting of the G20 will be the key drivers going into the close

My 0.02: Greece CDO's were breaking new highs this morning, then at the European close, the Greek finance minister announced that they were extending the short-sale ban, which supposedly should help its banks.

Crap, what a pity. Nice trade all the same - loved your second entry

I know, I'm just bragging :D OK, then: s .08 (short one unit, be it 1, 2 or 10 cars) then, if no exit has been given: s .88 (short an additional unit), etc.

Hi Schizo, how about this: -1 .08 Problem is I have Firefox on another computer (and keyboard) to the left of my trading platform, so I only use my left hand to type in (and no, I'm not watching porn). Also, as I explained some time ago, I "build" my position: -1 (or +1), then a second...

-1 .08 Sorry for the shorthand -1 (short 1) at 77.08 Stop was .20, but moved to breakeven (out)

Let me remind you of Schizo's rules: 5) Don't get embroiled in flame wars: No personal attacks or inflammatory remarks are allowed. :D OK, back to oil

In the equities yes, but it seems the build in inventories is weighing on oil... now we hit 80 :D

Cash, continuous... potato, "potatoe" :)

I think that they use the continuous contract, you're using July's, hence the difference.

Just my two cents: I think the price went up because the weather forecast was 50% chance of a cyclone forming in the Atlantic and moving into the Gulf (and closing offshore NG rigs). You may want to keep an eye on the weather since this is Hurricane season (although it gets worse later in the...

Delta, I cannot define your comfort level with volatility and capital, but if you're going to be trading oil with a small (futures) account and particularly if you want to hold for longer periods you'll probably want to either add funds to that account or trade the QM as some other people in...

Hi Delta, welcome to the world of trading oil :) Just a thought: if you check how much CL can move over a weekend, you'll see that it can move over 10 full points in a gap - don't take my word for it, see it for yourself. Also, normally gap risk in energy is to the upside due to geo-political...

See this chart in case it helps: (my broker is Interactive Brokers and my computer clock is lagging 1-2 seconds the IB server timestamp) mrbochin23: yeah, it's a bit choppy today.

Have you/they rolled over to the August contract? (about $1.30 higher)

??? .88 .77 (July)

At the risk of sounding like an analyst (yuk! :D ), I would say that while gold was behaving like a commodity, USD weakness was bullish (as for oil, etc.), but now it is both a sovereign-risk-aversion play and - yet still - a commodity, so Euro-zone scares push it up (while pushing down euro and...

And on a 1-hour chart: