5% - 10% profit per day trading

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Quote from Blubaru_555:

short 53.70

going to add 1 more if it goes above 54. this move is nuts, it can't go up forever
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id like 54.26 atleast. although would ideally like above 54.86

dollar isnt weaker anymore though, its simply gone flat.
 
Quote from Yrutman:

First off oil had no business being that high, and it was proven that it was just speculating. when goldman gave their long term target of $200.00 at 140.00 citing demand and a miriad of other bullshit such as chin etc, it suddenly imploded down to these levels. What did Goldman then do? Issue a report that the recession now caused this. It has already been argued time and time again when oil hit $140.00 plus that supply was not an issue, rather it is refining capacity. Now answer me this since you like to regurgitate CNBC nonsense what we are running out of oil BS. How is it that inventories are even higher now than they were when oil was trading at $20.00 a barrel? Answer is simple, hedge funds wanted to run it up and make money so they needed to justify it that is why all the talking heads were only able to have 20/20 vision in hindsight. So lets give the world is running out of oil theory a rest. As we have just as much supply as we did 20 years ago. The last statement is fact, and do your research yourself. The difference is we are now speculating now. There is enough oil for thousands of years, problem is oil companies and the United States included do not want to spend more money to build refinaries. If they did we would not even need the arabs anymore. There is plenty of oil untouched in Alaska, Mexico, and Canada for that matter. I can go on for hours on the subject but after reading your last post of your 300.00 a barrel theory I had to step in and set the record straight.
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I take it you didn't read the link I gave you.

I studied peak oil for a long time when I found out about it. I can tell you 100% your claim about 'thousands of years' is totally absurd. Not even the Exxon Mobile, the EIA or USGS with their pie in the sky forecasts say that. Both the EIA and USGS say 2030 will be peak year. However, their forecasts have been discredited as hopelessly optimistic. Most peak oil researchers see peak before 2020 some as early as 2012 and i tend to agree by 2015-2020 we will have serious problems.

There is a plethora of excellent reports about this from official bodies such as the International Energy Agency, Government Accounting Office, National Petroleum Council.

A friendly warning, do not sell any put options or take any significant short position trades as you will get killed when this all kicks off. Your understanding of the long-term oil and energy problems is terrible.
 
Quote from Blubaru_555:

short 53.70

going to add 1 more if it goes above 54. this move is nuts, it can't go up forever
More...

out at 53.47, make up for half of the hit i took earlier. we'll prob hit 54.26 span, idk it's a train right now.
 
ive put a chart for you mate to show you where the S&R lines are for it... :)

as these lines were drawn montsh ago now, but oil is fittinga round them erfectly somehow... :confused:
 

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Quote from Blubaru_555:

out at 53.47, make up for half of the hit i took earlier. we'll prob hit 54.26 span, idk it's a train right now.
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nice entry on that trade mate... :)

teh reason why im getting worried that this may be out of steam is that dow has paused n made head n shoulders,

and the dollar isnt weaking
 
oil does now look to be struggling to go up.

and i really really dont want another 1 of those shitty days where theres no movement till the last 5mins, and then its just a wild gamble with random swings and you have to hold overnight! :(


im so sooo tired as have been awake so many fking hours.

have sat n sared at the chart waiting patiently for 9hours already today,
n so dont want 3hours more of wait.

especilaly if it just falls instead of rising then, and so i dont get any trade at all
 
Quote from Blubaru_555:

long 53.30
stop 53.10
target 53.65+

i don't want to miss this next leg up if it's happening. dollar is drifting down, distillates drifting up.
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:eek:

you got some guts mate.. :)


ALthough this needs to hold 53.26

taht breaks n we go donw to 52.86
 
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