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Are you a pro with years of experience and a big war chest? If you aren't, you are dancing with the devil trading this market. These random parabolic moves can pay you, but they can also punish you. A lot of these moves are driven by fear, algos & players with the war chest and skill to...

There is some very short term manipulation (I mean come on, look at the games going on in the book the last few days), but really, the "deep pockets" are the long only funds that are getting their faces ripped off. This is fear, pure and simple.

Funny, I thought speculation was when you bought something because you thought it would increase in price down the line and you could sell for a profit. The commercial participants use the oil futures to hedge against future price fluctuations. See the difference?

No, RBS said something similar a couple weeks ago.

Can you show me another bubble where this happened? Generally you don't get such a clear indication in my experience.

All I have are two questions: 1. Do you think we should actually enforce the position limits currently in place in the commodity futures markets? Right now, they're not enforced because of the swap loophole. Should we eliminate that loophole? 2. Do you think that actual consumption and...

Why do markets go up? New influxes of money. Why do they go down? Money is flowing out of that market. It's really as simple as that. Let's just assume that we have a new set of participants in the oil markets who are driving up the prices. I assume this because the evidence is...

Have we seen huge increases in supply or huge decreases in demand? If you think the fundamentals support the FRONT MONTH PRICE, I want to know what they are. Don't give me this crap about Chinese demand, because our supply and demand conditions aren't materially different than last year's...

Why would you kill the goose that lays the golden eggs? These index speculators are a "game changer," and why wouldn't SA want to sell at increasingly higher prices? Plus, apparently the market cares more about the light sweet crude than the Saudi sour crude.

1) Read the testimony before you express an opinion or ask questions. If you actually bothered to read the testimony, you would have read about the distinction between traditional and index speculators. Traditional speculators both buy and sell futures, the index speculators buy and hold...

This chop is brutal.

That's a lot of asses. Normally when I see this many asses, I get as horny as a three peckered billygoat in a forest fire. Kamek: Did you really blow 10% of your equity in a day, or are these guys just messing around? The Disciplined Trader is a great book, and I also recommend you look...

Caught red handed how? Saying it was choppy before that selloff? Go back and check the timestamps on the posts. That post was before the selloff. After that information from ECB and FED officials came into the market, I saw an opportunity and began shorting the market. Besides which...

It's always simple, and yet always so complex. That's why I love it.

Wrong. I said trading was sideways and choppy (both of which were true) and I was a spectator because I didn't know where it was going. I said if anything there was a bit of accumulation at that level. That's not a long call, nor did I rule out the possibility of the market going to the...

I agree with you on this, depending of your definition of manipulation. There is some manipulation of very short term price action, and a lot of this has been automated in recent years. Longer term you do have big funds take positions in futures when they know they'll be creating a...

1. I never said the market would stay above that point for the rest of the day. I said there were a lot of buyers at that level, which was true. 2. I'm a scalper. I'm in and out of the market faster than you can blink sometimes. That was a significant level. When it finally broke...

Exactly. People who think like this have no idea of the money these guys have. If they're "running stops" it's at a commonly known level where they know a large, large group of stops will kick in and push the market in their direction. I have no idea what it takes to run a stop level in...

I've got you down as a shit talking douchebag. Let me know when you've realized the level of your douchebaggery. Buy1Sell2: I'm a scalper and I have no time to post real time stuff. If I ever post something here I'll back it up to you with records in private. Is this ok, or should I not...

Thanks for the color coding, I've never heard of this accumulation or distribution stuff. What did you see that made you think the market was distributing? Maybe the time frame I'm looking at is different.