20 reasons why Oil to NEVER hit $135.00 again...dated: May 22, 2008
- Thread starter increasenow
- Start date
Quote from Gringinho:
"wedge" ...
so for this short timeframe, how long is your projection for?
I don't have any projections apart from going with standard support zones. I will not be trading this. I just posted my observations. I will be waiting upon weekly chart to start giving bearish signals, so far (the way I view a chart) weekly is still bulllish.
I'M BACK!!!!!!...here we are July 16th...Oil closed under $135.00...come on guys...lets bring the Oil discussion back to this thread...BEARISH move in Oil continues...
yeah, increasenow coming back has to mark some kind of short-term bottom in oil (j/k). I'm pretty neutral on oil right now after the last two days, at least until further confirmation. it's getting too dangerous on either side imo.
In total honesty..did anyone make some huge cash selling CL yesterday or today?...I am kicking myself as I did not get in yesterday or today on the sell side...anyone?
Yesterday: I had work to catch up on, so I stayed at the office doing overtime (European time)... what could go on the day before inventories... missed the move completely.
Today: market stop at 137.45, got filled at the end of the line at 136.3 - about 480 contracts got filled before mine in less than a second (TWS), but what's 1,100 USD in slippage among friends?
Got stopped out by a few ticks for a minor loss only to freeze like a deer in the headlights while I watched it go down 4 whole dollars within a minute (plus another dollar later, but I would have bailed out after 2-3 thousands in profits).
So sad...
It's hard not to look at the charts afterwards and wonder how the hell I didn't make a load of money with such a clear opportunity, but... well, in hindsight I guess we all could make 100% daily, compound it and buy us a nice country or two every year...
If anyone has any suggestions regarding better/faster execution during news announcements, I'd appreciate them.
Best trading,
Jorge
Today: market stop at 137.45, got filled at the end of the line at 136.3 - about 480 contracts got filled before mine in less than a second (TWS), but what's 1,100 USD in slippage among friends?
Got stopped out by a few ticks for a minor loss only to freeze like a deer in the headlights while I watched it go down 4 whole dollars within a minute (plus another dollar later, but I would have bailed out after 2-3 thousands in profits).
So sad...
It's hard not to look at the charts afterwards and wonder how the hell I didn't make a load of money with such a clear opportunity, but... well, in hindsight I guess we all could make 100% daily, compound it and buy us a nice country or two every year...If anyone has any suggestions regarding better/faster execution during news announcements, I'd appreciate them.
Best trading,
Jorge
that was probably about the time I was going to enter SELL at MArketQuote from Sarvise:
Yesterday: I had work to catch up on, so I stayed at the office doing overtime (European time)... what could go on the day before inventories... missed the move completely.
Today: market stop at 137.45, got filled at the end of the line at 136.3 - about 480 contracts got filled before mine in less than a second (TWS), but what's 1,100 USD in slippage among friends?
Got stopped out by a few ticks for a minor loss only to freeze like a deer in the headlights while I watched it go down 4 whole dollars within a minute (plus another dollar later, but I would have bailed out after 2-3 thousands in profits).
So sad...
If anyone has any suggestions regarding better/faster execution during news announcements, I'd appreciate them.
Best trading,
Jorge
seriously...honestly..trading at weekly NEWs EiA is really risky...big time...anyone here trade the QM (mini Crude) or the ICE Brent Crude?...daytrading margins:
CL-Big contract: $3,300...pt move=$1,000
QM-mini: $1,650...pt move=$500
ICE Brent: $2,500...pt move=$1,000
CL-Big contract: $3,300...pt move=$1,000
QM-mini: $1,650...pt move=$500
ICE Brent: $2,500...pt move=$1,000