wow we're tipping 54.00, what is going on today? equities have been unchanged for almost 2 hours.
5% - 10% profit per day trading
- Thread starter spanish89
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Quote from spanish89:
Btw does anyone knowwhy teh fuk there is now yet another thread about me on t2w, this time ist called ''Spanish in disguise''! :eek:
http://www.trade2win.com/boards/first-steps/56178-spanish-disguise.html
the thing i dont get is why the bloke who started it felt teh need to exploit my name just to get popularity for his thread,
which is merely about him asking people for some advice as hes trying to learn how to trade.
Its almost kinda errrie though that he wants to 'be me in disguise' though! :eek:
He doenst even trade oil though, and doesnt trade the same method of entires that i use,
so im not sure how im connected to his trading tbh. lol
y dont u post there and elaborate on ur drop lock and engage technique. great success using it thanks
3/20 Week EIA analysis
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In the week ended March 20, U.S. crude oil inventories jumped 3.3 million barrels to 356.6 million, the highest since July 1993, the Energy Information Administration reported in its weekly data release. Analysts surveyed by Dow Jones Newswires had forecast an increase of 1.3 million barrels.
However, stockpiles at the Nymex delivery point in Cushing, Okla., fell 2.2 million barrels and the market found further support from lower inventories of oil products. Gasoline stocks were down 1.1 million barrels and distillates - which include heating oil and diesel - fell 1.6 million barrels.
"The report looks kind of mixed, but the market seems to be looking at that drop in Cushing and ignoring the fact that the total's up so high," said Gene McGillian, an analyst at Tradition Energy in Stamford, Conn. "They're interpreting the report as not bearish enough to shake us out of the rally we've been in all week."
While swelling inventories and woeful demand numbers have hampered previous efforts to push higher, crude prices have staked out a higher trading range in recent days, closing above $50/bbl in the previous four sessions, as OPEC production cuts filter through to global supplies.
Major stimulus actions from the Federal Reserve have also weakened the dollar, propelling crude prices higher as investors seek a hedge against inflation and a safer haven amid economic turbulence.
The greenback came under further pressure Wednesday after Treasury Secretary Timothy Geithner said he is open to considering a new global reserve currency, though he added that the dollar will likely remain the world's dominant reserve currency "for a long period of time."
Crude prices are also finding support in U.S. equity markets, which were buoyed by unexpected gains in the U.S. durable goods report and the first increase in new-home sales for seven months.
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Light, sweet crude for May delivery was down $1.14, or 2.1%, at $52.84 a barrel on the New York Mercantile Exchange, after popping above $53 a barrel soon after the data release. May Brent crude on the ICE futures exchange was $1.31 lower at $52.19 a barrel.
Front-month April reformulated gasoline blendstock, or RBOB, was down 1.61 cents, or 1.1%, to $1.4865 a gallon. April heating oil was 1.64 cents lower at $1.5040 a gallon.
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In the week ended March 20, U.S. crude oil inventories jumped 3.3 million barrels to 356.6 million, the highest since July 1993, the Energy Information Administration reported in its weekly data release. Analysts surveyed by Dow Jones Newswires had forecast an increase of 1.3 million barrels.
However, stockpiles at the Nymex delivery point in Cushing, Okla., fell 2.2 million barrels and the market found further support from lower inventories of oil products. Gasoline stocks were down 1.1 million barrels and distillates - which include heating oil and diesel - fell 1.6 million barrels.
"The report looks kind of mixed, but the market seems to be looking at that drop in Cushing and ignoring the fact that the total's up so high," said Gene McGillian, an analyst at Tradition Energy in Stamford, Conn. "They're interpreting the report as not bearish enough to shake us out of the rally we've been in all week."
While swelling inventories and woeful demand numbers have hampered previous efforts to push higher, crude prices have staked out a higher trading range in recent days, closing above $50/bbl in the previous four sessions, as OPEC production cuts filter through to global supplies.
Major stimulus actions from the Federal Reserve have also weakened the dollar, propelling crude prices higher as investors seek a hedge against inflation and a safer haven amid economic turbulence.
The greenback came under further pressure Wednesday after Treasury Secretary Timothy Geithner said he is open to considering a new global reserve currency, though he added that the dollar will likely remain the world's dominant reserve currency "for a long period of time."
Crude prices are also finding support in U.S. equity markets, which were buoyed by unexpected gains in the U.S. durable goods report and the first increase in new-home sales for seven months.
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Light, sweet crude for May delivery was down $1.14, or 2.1%, at $52.84 a barrel on the New York Mercantile Exchange, after popping above $53 a barrel soon after the data release. May Brent crude on the ICE futures exchange was $1.31 lower at $52.19 a barrel.
Front-month April reformulated gasoline blendstock, or RBOB, was down 1.61 cents, or 1.1%, to $1.4865 a gallon. April heating oil was 1.64 cents lower at $1.5040 a gallon.
anyone short at 54.00?
i averaged my short there because i didn't think we would go any higher. i almost shat myself when it hit 54.20
i averaged my short there because i didn't think we would go any higher. i almost shat myself when it hit 54.20
Quote from spanish89:
Anyone made anymore trades yet??
Usman, MJ and everyone else???
and you cashed in near the lows leemeeplay mate?
yeah man.wow, i just woke up and saw that my position had closed out with $500 profit
very lucky though, cuz it looks like I had exited near the exact bottom and the market had spike right after that. Just goes to show that this market is just too strong and shorting is just a bad strategy that requires luck to work.
Now I am late and need to go to work. I'll be back on in a bit.
Crude Stockpile Build Exceeds Forecasts
DOW JONES NEWSWIRES
U.S. crude inventories in the week ended March 20 increased by more than analysts' expectations, according to data released Wednesday by the the U.S. Department of Energy.
Crude oil stocks rose 3.3 million barrels to 356.6 million barrels, a 16-year high, the department's Energy Information Administration said in its weekly report. That compared with an average forecast of a 1.3 million-barrel build in a Dow Jones Newswires survey of analysts.
Gasoline stockpiles dropped by 1.1 million barrels to 214.6 million barrels, compared with analysts' forecasts of a 500,000-barrel draw.
Distillate stockpiles fell by 1.6 million barrels to 143.9 million barrels, compared with an average survey estimate of a 200,000-barrel gain.
Refining capacity fell 0.1 percentage points to 82% of capacity, matching the average analyst forecast.
U.S. Oil Inventories:
For week ended March 20.
Crude Gasoline Distillates Refinery Use
EIA data: +3.3 -1.1 -1.6 -0.1
Forecast: +1.3 -0.5 +0.2 -0.1
Figures in millions of barrels, except for refining capacity, which is reported in percentage points. Forecasts are the average of expectations in a Dow Jones Newswires survey of analysts earlier in the week.
DOW JONES NEWSWIRES
U.S. crude inventories in the week ended March 20 increased by more than analysts' expectations, according to data released Wednesday by the the U.S. Department of Energy.
Crude oil stocks rose 3.3 million barrels to 356.6 million barrels, a 16-year high, the department's Energy Information Administration said in its weekly report. That compared with an average forecast of a 1.3 million-barrel build in a Dow Jones Newswires survey of analysts.
Gasoline stockpiles dropped by 1.1 million barrels to 214.6 million barrels, compared with analysts' forecasts of a 500,000-barrel draw.
Distillate stockpiles fell by 1.6 million barrels to 143.9 million barrels, compared with an average survey estimate of a 200,000-barrel gain.
Refining capacity fell 0.1 percentage points to 82% of capacity, matching the average analyst forecast.
U.S. Oil Inventories:
For week ended March 20.
Crude Gasoline Distillates Refinery Use
EIA data: +3.3 -1.1 -1.6 -0.1
Forecast: +1.3 -0.5 +0.2 -0.1
Figures in millions of barrels, except for refining capacity, which is reported in percentage points. Forecasts are the average of expectations in a Dow Jones Newswires survey of analysts earlier in the week.
3/20 Week EIA analysis - 2
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1) Growing domestic supplies of crude outlined Wednesday, though greater than predicted, were far below numbers released late Tuesday by the American Petroleum Institute, which said stocks grew by 4.6 million barrels.
2) And crude levels in Cushing, Oklahoma, a key storage facility, actually fell by more than 2 million barrels. Cushing is the delivery point for oil traded on the Nymex and less supply there would tend to relieve some of the downward pressure on
3) The EIA said that for the week ended Friday crude inventories rose by 3.3 million barrels, or 0.9 percent, to 356.6 million barrels, which is 15.6 percent above year-ago levels. Stockpiles are now at their highest level since July 23, 1993.
Analysts had expected a boost of 1.4 million barrels, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.
4) Gasoline inventories slipped by 1.1 million barrels, or 0.5 percent, to 214.6 million barrels, 5.1 percent below year-ago levels, according to the government report. Analysts expected stockpiles of the motor fuel to fall by 900,000 barrels.
Demand for gasoline over the four weeks ended Friday was 0.7 percent higher than a year earlier, averaging nearly 9.1 million barrels a day.
5) Refineries were also running slightly below what was expected by analysts.
6) Traders, however, appeared to focus on other government reports, said Phil Flynn of Alaron Trading Corp.
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7) There were indications Wednesday that the U.S. economy may be showing signs of life as orders to U.S. factories for big-ticket manufactured goods and new home sales in February beat forecasts.
8) Oil prices tumbled as low as $51.86 early in the day as Japan reported Februrary exports plunged an unprecedented 49.4 percent. That would be the most severe decline since the world's second-largest economy began compiling comparable data in 1980.
-----------------------------------
1) Growing domestic supplies of crude outlined Wednesday, though greater than predicted, were far below numbers released late Tuesday by the American Petroleum Institute, which said stocks grew by 4.6 million barrels.
2) And crude levels in Cushing, Oklahoma, a key storage facility, actually fell by more than 2 million barrels. Cushing is the delivery point for oil traded on the Nymex and less supply there would tend to relieve some of the downward pressure on
3) The EIA said that for the week ended Friday crude inventories rose by 3.3 million barrels, or 0.9 percent, to 356.6 million barrels, which is 15.6 percent above year-ago levels. Stockpiles are now at their highest level since July 23, 1993.
Analysts had expected a boost of 1.4 million barrels, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.
4) Gasoline inventories slipped by 1.1 million barrels, or 0.5 percent, to 214.6 million barrels, 5.1 percent below year-ago levels, according to the government report. Analysts expected stockpiles of the motor fuel to fall by 900,000 barrels.
Demand for gasoline over the four weeks ended Friday was 0.7 percent higher than a year earlier, averaging nearly 9.1 million barrels a day.
5) Refineries were also running slightly below what was expected by analysts.
6) Traders, however, appeared to focus on other government reports, said Phil Flynn of Alaron Trading Corp.
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7) There were indications Wednesday that the U.S. economy may be showing signs of life as orders to U.S. factories for big-ticket manufactured goods and new home sales in February beat forecasts.
8) Oil prices tumbled as low as $51.86 early in the day as Japan reported Februrary exports plunged an unprecedented 49.4 percent. That would be the most severe decline since the world's second-largest economy began compiling comparable data in 1980.
Long 52.75
target 53+
>out on that spike, 52.92
target 53+
>out on that spike, 52.92
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