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I won't carry this on further now. Maybe we can discuss it more later. Peace. :)

Thanks. That's better. Surprised at that news. And surprised this hasn't fallen off a ledge if that is true.

I don't want this thread to turn into an arguing with each other thread. So I'll leave it at that other than to say I don't think it's good for us to post information without a source, especially if that information, or misinformation, bolsters our position in the market. If you're posting...

Don't post rumors please. There's no indication anything like that is true.

Who said that? ADD If you post something like that please include your source. Thx.

Let's see what we get here.

Short 105.76 Cover 105.36

BCE apologizes for his last perhaps a little too crude and graphic attempt at humor. He meant well. :) Good night.

Definition - "nut up" v. To ejaculate. Literally, when one's testis climb to a "high & tight" position just before launch. Hmmm. I'll have to try this to relieve any trading tensions. Thanks for the advice. :D I knew I was forgetting something. :p :p :p He's out of here. Have a...

Yes you did. That really was a good read. You saved yourself a lot of money so far.

Good point. It's also above the 20 EMA.

I wasn't suggesting a scalp. It will top out somewhere as we know. But I meant it more of a good entry on a swing trade short maybe. And protecting yourself in case that's a ways off. It all comes back to my thoughts on averaging into what maybe starts out as a small losing position, but can...

Just curious, why would you hold the original position and add at 6.20 other than the level you see there whatever it was. Why not just place a tight stop here and you can reenter at 6.20 or right here if it fails as ND is saying. Why ride it all the way up there? And if you add there what if it...

I never saw that. :) You doin' okay? Ready to make some money?

True about patience, but also true about all the backfilling the last couple of days. Especially yesterday. True confession - The reason I exited my long just as it broke out was I was thinking, "Hey, BCE why are you being so greedy? Share the wealth with those less fortunate who may have...

White House considers tapping oil reserves 9:28am EST WASHINGTON, March 6 (Reuters) - White House Chief of Staff Bill Daley said on Sunday the Obama administration is considering tapping into the U.S. strategic oil reserve as one way to help ease soaring oil prices. Speaking on NBC...

We knew you were referring to ND's post. Something that I thought about the other day too is that if this goes "too high" again there may well be talk of more regulation of oil traders. And talk of how they're just driving up the price on speculation, etc. And actually I'm already hearing...

One other point FWIW, all of my trades were long on Friday. IV you had some nice shorts off of resistance levels. I was too chicken. :p

Of course another point though is Paul Tudor Jones said he had his greatest trading success and biggest profits at the points where the market turned. If you can just catch it right. Thought about this. Someone here, I remember but forgot, talked about entering trades again and again until they...

Exactly! GS I remember was calling $200 a barrel crude. Remember that? Glad I didn't short it at 32 with the thought "This can go to $16. I'll just give it time and not be shaken out of my position." :)