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I'm pretty sure he said he was stopped out.

Managed some well timed dow trades and a well timed crude sell this morning. Up about 2.9k so I dont really need to trade anymore today. I hope people used the dow pull back to get out of there long positions?

eh? I dont think it works quite as you state. OPEC is just a group/cartel that coordinates their policies with regards to oil production. They determine production amounts and the price is determined by this supply and the demand (which is falling). The price is determined on the...

Making new lows is usually a sign it is going lower :confused: He who picks bottom gets stinky finger..

I certainly wouldnt be buying. I usually wait for a small pullback against the long term trend before going short.

I'll stop selling it when the price starts going up.. In my opinion, price takes a long, long time to reflect reality.

I've always liked that quote. I've felt it on a few occasions where I've not closed out losses quickly. I shorted crude though I trade brent so the price is a little different. I sold a few of the pullbacks too for some small profits. As I said before, the majority of my profits were from...

good to hear. I took about 1k in losses but I felt they were necessary in making sure I was in the market for the bigger needs. You've mentioned your system a few times before, what sort of indications do you look for? (understand if you want to keep them to yourself) Personally I just...

Spanish, the outlook everywhere is negative with companies going bankrupt, unemployment figures rising etc etc. Sometimes you have to go with the flow rather than being contrarian. Made some of my profits today on 2 dow sells where there was a pullback up to levels of short term...

I’m not sure what to say about today…I got on the dow selling and picked up some major moves (I think they summed to over 350pts) but I gambled somewhat on my position sizes which was totally against my trading plan and could have cost me 20% of my account. I don’t normally take trades in...

did you get a tv? I've got a nice Samsung LCD. Pretty flat today, not really seen any opportunities whilst ive been watching.

Hey guys. Wierd day today, only just got into the groove in the last hour to end up over 2k. I caught 80pts of the dow upwards move with a largish position and also a couple of crude trades. Took some losses too but pleased with the net result.

just over 26k now so £500+ profit for the day. anyone else trading?

Got into a few small trades and made a few hundred more. Not sure if I'll trade much more today.

I think the logic was that if the trend is down and the day is heading down then you have a lot of sellers who have to close out their contracts (buy) which will force the price upwards. Personally i am not so sure and ive never really played this one.

What date does your Nov contract close?

It's very tough and I lost money previously for all of the above reasons. I think that is one aspect that is aided by the fact that I have my job to do too so I dont sit there watching the charts. With regards to stops, I dont use v tight stops. It depends on the prior price pattern and how...

I traded in units working out to be from £4-6 per pt. I scale in and out of positions so up to about £16 pt at times though only once the position is in profit and looking strong. I bring my stop loss to B/E and take parts of the profit at various price patterns. It's hard to dscribe as...

I know. I'm still pumped with adrenaline. I set my limit orders and sat back and they worked out. I have no idea which way things are going next, as long as it gives me a signal first then i dont care! Earnt far more today than my pay packet this month..

Sorry bud its not my market and I would never want to give anyone any advice anyway. The way I trade, I stick to my position if i'm convinced I'm right. However any adverse move must still fall within my risk limitations. If you are really unsure then look at the situation as if you were out...