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Lol sorry but this post made me laugh. Maybe you didn't even read my post or your just plain stupid but either way its not my farm that has oil underneath it. Its my high school spanish teacher's. So now that we have that straightened out your post really holds zero value because you didn't...

Reaver Thanks a lot man I appreciate you taking the time to read my journal!

Thanks for the warning although I don't think we are going to get a retracement (I wish I felt the same for my S&P lol). 91.37 is the next support level. From there we are going to 85 rather quickly. After a break through 85 we should plummet to 78 and at that point I look for prices to hold...

Im talking about locals in the commodity options pits. How do they make their money and what stratagies do they use? I have heard they are usually always long the option. On the flip side. What about the options that are traded electronically? How do the daytraders/locals make money and...

Yeah im short es at 1414. I felt pretty comfortable going into the weekend short but now im starting to have second thoughts. Although in the long run I think we could take the es to 1300 I also think that we might be a little too bearish too fast. Looking at both the daily and weekly chart...

Thanks for the advice everyone. Im actually only in high school so I can only trade currencies (euro fx, pound, canadian) between 3am-7:30am. So im always looking for enough trades to make it worth my while. Can anybody just give me a few starters to look at or maybe some common starting...

I was wondering if anybody could give me some advice on tick charts for currency futures. I currently trade the euro fx and british pound during early morning hours and have recently started looking at tick charts for those markets. I find the chart patterns to be a lot more reliable on the...

Didn't have any school today cause of the end of the semester so I have been glued to this screen since 3am and have had S&P squawk in my ears since 8:30. So im about ready to go out tonight and have some fun (not saying trading isn't fun)!!! Shorted yet another S&P today at 1420. Average...

Actually im only 17 and still in high school. Where did you get 22 from lol?

Oil down about .80 this morning. Got short another contract at 95.09 yesterday. My average is now short 2 contracts at 95.96. Shorted another 2 es at 1410. My average is now short 4 contracts at 1409.5. Started trading the bund yesterday along with the pound and its very interesting to...

Out of pound at 196.77. $325 profit. With the dollar looking to be worth next to nothing I don't want to be short the pound any longer. Well to be honest I didn't think the S&P would go to hell (today) lol! I was planning on waiting for a little pop (around 1440-1450) and then wait for a...

Recessions are illegal? Are you kidding me? Have you watched the news lately? Dollar is damn near worthless, oil terribly high, fed is more useless than a 5 year old, and the subprime crisis. Recession? How about Depression? LOOK OUT BELOW!!!

Well should be an interesting day today. Yesterday the S&P traded a little lower than what I thought during the day (I thought we traded an inside day.......guess not:confused: ). So I will not be looking to short it today. We are up about $9 this morning. Like I said I expect a pop to...

Pound ended at 196.43. I am still short at 197.29. Got short 1 march crude oil today at 96.84. Its trading around 95 right now. I think this thing could possibly go to 76-78!!! I will add more shorts as we continue to break new lows. S&P popped a little today but came way off of its...

You will find position trading is not as "set in stone" as daytrading. My day trading involves using a solid setup that I look for while my position trading doesn't really have any rules. I incorporate fundamentals, technicals, cot reports, etc in to my position trading but not into my intra...

Currently the pound is trading 196.94 which is basically unchanged from friday. So far im down about $85 trading the pound this morning. Im trying to scalp the fucking thing instead of playing for the bigger money which imo im better at. I have this huge desire to trade everything I see but...

lol you must be a spanish teacher too huh? lol I will never succeed as a capitalist? You come back and say that again when you are finished with you demo account lol! What a loser!

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I agree 100% with you guys here. Although I think we are in for a minor "pop". My numbers tell me that we could pop to 1440-1450. After that I am looking for a setup to get short this thing. 1400 is a huge level as im sure all of you guys can see. Extreme selling should occur here. I think...

Still short my pound from 197.29. Closed at 196.95. I see no reason to take this off yet. Looking to short march oil monday at the price of 96.84. This thing is over and we are going drastically lower from here. Also looking to short the s&p pretty quick. I have not really worked out...