Quote from blackjack666:
thanks spanish89. You mean your short too at the moment?
Yep.
Oils only gna go 1direction..., down.
At the moment theres so much nonsense that investors use to start buying rallies, its extremely complicated to call the top, especially with this new bailout gna be coming its hard to workout if its priced in already, so when it does come, and passes, then oil will fall cos ''doubts that it will save economy'' will come.
Those were already headlines before yesterdays even got voted on.. LOL
I sold £2 tick now from 100.51.
So now have averaged myself and have 4 sells, although 1set has big loss as they from just under 98.
And cos i barely have 4k capital my s/l isnt as high up now as i would like it to be, (with this new sell ive gone from it at $117 to 109 area on both).
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Go that chart, 1hour, and zoom out till max though mate..
and then look at the angle and speped of rise, and you can smell the pullback!!
What have we rised on exactly??
what fundamentals??
NONE.
Its just cos they think the enxt plan will coem soon + get assed + save world, and we gone from 94 to 100+ , so huge $6 rise on that???
Too fast, too steep, gna pullback.
and look at the dollar vs all majour pairs!!