Search results

@all this was the initial rally we needed for oil to have some hopes of being bullish. I am now of view that we will see $45 today keeping in mind the bullish data and the fact that it is a friday

I want my 18 year old brother to start trading. I figured it would be better for him to use a SB firm and risk like $1 or $2 per tick initially. This way even if he blows up the account, it wont hit hard

can you tell me what is their min balance rq. to open an account? can I fo $100/tick with them?

44/45? crude is at 41/42

well I have been buying on pullbacks and exiting 20/30 cents higher....my avg long is now at 4375 today is the last day...if oil does not rallies today then I will have to wait for quite sometime

@porph what markets do you trade and whats your style of trading?

Ok well we must close above 4250 today and break yesterdays high of 4370 to have some hope of a bullish dash up to $50.

@blackjack666 & S2Trader Can you tell me their contact details? coz I thought that I am the only one trading oil from Pakistan. Searched alot to find any fellow Pakistani but couldnt

nopes....why?

Does IB charge any fees for inactivity? I just opened a new account there but havnt made any trades yet. I know I should just ask them on their chat but the real purpose of this thread is to know any other important stuff which you guys think any new IC account holder should know. Thnks

The 6 fig account belongs to my dad. My accnt balance is around 45k. I have a job(in one of the worlds biggest organization) because I plan on going to Ivy league for MBA. I have a dream of becoming a fund manager. Thats the reason I am trading so actively so that I can build up my statement...

I list down all the bullish factors once again FUNDAMENTAL 1)Equities all over the globe up 2)Obama Stimulus Package approval today 3)Fed rate cut today 4)Oil demand week on week UP 5)Mild increase in crude inventories at cushing 6)Seasonal demand gaining up as well as cold weather...

told you earlier....alot of bullish news....plus there were numerous bullish items also in the inventory report(mentioned them earlier) moreover I have a high 6 figure account. I can definitly manage to hold on to 5 longs for as long as I want

@spanish I am definitly sure you can suceed in your trading. You just need a little patience. I suggest all of us oil traders should log on to a chat room or something so we can all help each other out and make the safest trades. What do you think?

I am from Pakistan and yeh I love big green candles on crude :)

where are you from?

What I can not understand is that nearly all factors are bullish at the moment. Equities all over the world are up. Euro is up. And above all oil demand is up!!! We saw a demand increase in nearly every oil product week over week. A comparison on 4 week average of current week with last year...

I am long @ 4410 and holding

IMO the news were actually bullish Reduction in stocks of heating oil/distillates/gasoline took place. Demand for gasoline and other products also increased week on week. There was only a small buildup of 0.3mn barrels on cushing

a very nice call yesterday spanish I got carried away due to my longs and stopped thinking objectively however the good thing is that I exited those trades in a good profit at 4740. Anyways I am again long at 4520 and I think that the current rate (4500) is the best place to buy. My short...