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A minor move?? It surged nearly 5 dollars and broke through multiple lines of resistance including a swing high. You don't day trade oil do you? Thanks for your contribution anyway.

Who is talking about trading the news? I was already in a trade when the spike happened. When the price breaks through 4 S/R levels in a matter of minutes after a rather dull day it would be idiotic to not give any consideration as to why.

Anyone trading oil? Who the f*** asked you anyway?

I see there was a suggestion from Venezuela that there should be a 1m bbd cut but that was at 5pm UK time the spike started at 5.45. Are we seeing traders using inside information on a forthcoming OPEC announcement?

Does anyone know what caused this CL spike? I just got home from work and saw the trade I put on before I left heavly in profit for no apparent reason! I can't find any fundemental reason, was it a short squeeze?

Do you generally use candle reversal patterns (hammers, engulfing patterns etc) as reversal signals? I use them but the other condition is that it happens at a S/R point or a daily pivot point. My, clearly incorrect, belief about a style like yours is trading costs and wipe-saws would decimate...

Interesting thanks for that - you clearly don't have a problem fading the trend. Do you use daily pivots? My impression is they don't work as well on index futures as they do on commodities.

It looks like it is getting worse. If I were you I would cover to save your account. Set a stop loss below the low of this last rally and hope for the best.

You said before Porph that you had done 11 DOW shorts in an hour. You are obviously trading of a very short term (1 min?) chart but what areas are you selling? Breaks of short-term swing lows and resistance areas? And then how do you exit? What indicator are you using to trigger you to...

I would revise you opinion on crude Spanish. "The NYMEX Crude Oil Contract continues to reach new lows, and a sharp intraday rally on the session did little to break the contract out of its recent slump. Nearest support comes in at recent lows of 53.67, but continued intraday tumbles tells us...

What are everyone’s thoughts the coming weeks market action? All the charts (CL and EUR/USD and DJIA) I follow are forming flags, which have formed over the past month, and they look like they may resolve this week. If CL breaks beneath its short-term rising trendline I think it will...

Do you work full-time?

You and I are at similar stages Porph. Although your ascent has been exceptionally impressive where as I got my stake through a fundamental opinion that gave me a 800% return in 6 months but was more judgement than trading skill. I have not made much day trading oil. I have developed a...

I said you should have taken a day off mate - you are going to blow your account if you are not careful.

lol - thanks. Buffet did say it somewhere; he clearly was not first!

When I take a bad loss I often take a few days off - might be worth considering if you are hurting from it.

That is an excellent run. What is your maximum position size as a % of account? Did you short at 58.87? That was the only clear cut trade I saw today. Took 100 PIPS into S1 for 30 PIPS risk. I was tempted to short the break of S1 but thought the price had moved too low already -...

Hello Spanish and the rest of the 'gang' You all seem to be doing very well so congrats. I am also quite young (26) and have done pretty well on oil. I bought oil call options last year and sold almost at the top of the market. So I got a £80,000 return on a £10,000 investment. I...

PS. I mean historic data for backtesting/research.

Who do you guys think is the best provider of inter-day data for futures in terms of accuracy and value for money?