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dont know what you mean but I lost $10k today. However the loss doesnt matters. What matters is that I actually learnt alot from today and next time this loss would be converted into profit

beautifully explained....not to mention big players sell covered calls which means now they are also squaring their positions earning not only option premium but also profits on long future positions

I am loving these swings in the crude since last week! I am overshooting my targets sometimes before the market even opens and max 1 hour into the open...

you could have asked someone using esignal or metastock or futuresource to export it in excel and give it to you

First leg would be liquidation and profit taking. Funds will book their profits and speculate that this price is too high for a long position. Later in the day investment flows from foreign funds would come in because oil at $70 is too low. With geopolitical concerns and bullish news all...

we just hit a low of 70.80 and are dropping I am buying at 70.55 and will be adding buys at $1 intervals for long term holding target being $76 Stop being $67

I am expecting crude to drop to $70 today and then close around $74

actually no one gives a flying fuck whether $100 is sustainable or not everyone of us is swing trading and day trading and earning off suckers like you who short oil while we go along with the trend and oh btw for that downturn, whenever that comes, we actually use stop losses unlike you...

you really are a moron if all these automatic bots are the future and if all these bots are seemingly 'perfect' there would no market swings and it would always remain flat and choppy resulting in outage of these so called perfect and 'future of trading' bots of yours. next time use your brain...

doesnt matters speculators will always find one way or another. Moreover never EVER expect any stringent regulations because that would hurt the basic funciton of futures market i.e. hedging. And in any case we have ICE, and now Dubai Mercantile Exchange where crude can be speculated no in...

couldnt agree more but hey without these type of people how else can we earn easy money ;)?

never going to happen we touch 75 BEFORE we touch 65

70+ is the eventual outcome. Oil may drop a little because of foreign fund liquidation which play on currency arbitrage but better economic prospects will pull in new funds and we will go up.

what a play by Goldman Sachs and other funds! First the complete lack of buying yesterday (read VSA) caused market to drop $4 from its highs. As it was dropping Goldman and other funds were buying. When Goldman completed its buying at EOD it issues a report for $85 oil! and then market jumps...

$70 but be very careful. Everyone is bullish and every news and related factors (euro, equities) is bullish. That is exactly where big players love to short and drive down the market i.e. on 'apparently' bullish news and sentiments. Solution? use tight stop losses and follow your system.

offcourse i have! i'd be a fool not to use a stop loss at these levels. Where you make your entry in the dips and exits is your own system/discretion. Thats what differentiates traders and successful and unsuccessful ones

?? I cant possibly explain basic charting here in an uptrend you buy at dips for that one deadly dip which changes trend you always have stop loss

nice with such mentors i can only imagine success

you need to be REALLY lucky for that short to work out. For me the past month has been one of the best ever. Why are you guys fighting the trend? Buy on the dips rather than shorting the highs. Btw we are breaking 68.29 today if thats where the stops are

we did next target 70