5% - 10% profit per day trading
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Israel Resumes Attack After Pause for Aid Delivery
http://www.nytimes.com/2009/01/08/w...bl&ex=1231477200&en=2ad0afc7c66dc92b&ei=5087
The senior Israeli official raised the possibility of reaching âtacit agreementsâ with Hamas to end rocket fire, while also persuading Egypt to allow American and perhaps European army engineers to help seal its border with Gaza above and below ground.
Hamas is insisting that any new arrangement include the reopening of border crossings for trade with Israel and the reopening of the Rafah crossing into Egypt for people.
President Hosni Mubarak of Egypt has said that a 2005 agreement on the Rafah crossing, reached with Israel and the Palestinian president, Mahmoud Abbas of Fatah, must be respected. That agreement called for a Palestinian Authority presence at the crossing, supervision by European Union monitors and Israeli video surveillance of who entered and left.
Hamas wants to control the crossing itself and is not eager to cooperate with Fatah, its -rival.
http://www.nytimes.com/2009/01/08/w...bl&ex=1231477200&en=2ad0afc7c66dc92b&ei=5087
The senior Israeli official raised the possibility of reaching âtacit agreementsâ with Hamas to end rocket fire, while also persuading Egypt to allow American and perhaps European army engineers to help seal its border with Gaza above and below ground.
Hamas is insisting that any new arrangement include the reopening of border crossings for trade with Israel and the reopening of the Rafah crossing into Egypt for people.
President Hosni Mubarak of Egypt has said that a 2005 agreement on the Rafah crossing, reached with Israel and the Palestinian president, Mahmoud Abbas of Fatah, must be respected. That agreement called for a Palestinian Authority presence at the crossing, supervision by European Union monitors and Israeli video surveillance of who entered and left.
Hamas wants to control the crossing itself and is not eager to cooperate with Fatah, its -rival.
Oil should sink like a lead ballon right now, At least 1 trip in 5 made by Americans is purely discretionary and with stores and factories closing there will be less demand in fuel from the port to store transportation and industrial sectors. So I think a further 8% drop in demand in the US is very possible if oil goes much above 50.
AND/But
So far we have seen some pretty crude and ham handed assaults on the peace that JUST HAPPEN to drive up the price of oil.
These moves are elective.
If higher oil is the objective, there is a much more sophisticated and sane way to do this.
What is there to keep SA, Venezuela, Iran and Russia to name a few from just entering the market and buying back any oil offered below their target price? It does not require a war.
In the US, we used to have what we called price supports that were used to dampen the wild swings in ag commodity prices that threatened to put our farmers into bankruptcy every couple of years. (Bush the 1st and Bush the 2ed did not really care, so not so much recently. This is real bitch for trading, but it does help in the not having all the farmers go bankrupt and setting our selves up to starve department.)
I think that the big drop somewhat caught the oil producers off guard, but if I were an oil minister in SA, Venezuela, Iran or Russia I would already have started the trading operation, or I would be swearing at the IT guy to get those damn T2 lines in and rounding up modelers and traders so I could start. It might cost them 2% to peg the price at 40 when it wants to be 30, but that is 2% cost against a 25% gain on the underlying, so I would do it.
There was a thumping thumb on the scales late last year when the hedges began to vomit up their oil positions when credit got tight and they had to pay out withdrawals. I am wondering if some time in the near future we may see a steadying hand on the scale or oil poured on choppy waters so to speak.
Am I right that central banks buy and sell in the Forex market to bolster or depress their currency all the time?
It would make oil a lot less fun and profitable to trade, so not good, but keep the price in a range that the oil producers could live with, and that would be good.
So I am on the lookout for this and am ambivalent about the prospect.
AND/But
So far we have seen some pretty crude and ham handed assaults on the peace that JUST HAPPEN to drive up the price of oil.
These moves are elective.
If higher oil is the objective, there is a much more sophisticated and sane way to do this.
What is there to keep SA, Venezuela, Iran and Russia to name a few from just entering the market and buying back any oil offered below their target price? It does not require a war.
In the US, we used to have what we called price supports that were used to dampen the wild swings in ag commodity prices that threatened to put our farmers into bankruptcy every couple of years. (Bush the 1st and Bush the 2ed did not really care, so not so much recently. This is real bitch for trading, but it does help in the not having all the farmers go bankrupt and setting our selves up to starve department.)
I think that the big drop somewhat caught the oil producers off guard, but if I were an oil minister in SA, Venezuela, Iran or Russia I would already have started the trading operation, or I would be swearing at the IT guy to get those damn T2 lines in and rounding up modelers and traders so I could start. It might cost them 2% to peg the price at 40 when it wants to be 30, but that is 2% cost against a 25% gain on the underlying, so I would do it.
There was a thumping thumb on the scales late last year when the hedges began to vomit up their oil positions when credit got tight and they had to pay out withdrawals. I am wondering if some time in the near future we may see a steadying hand on the scale or oil poured on choppy waters so to speak.
Am I right that central banks buy and sell in the Forex market to bolster or depress their currency all the time?
It would make oil a lot less fun and profitable to trade, so not good, but keep the price in a range that the oil producers could live with, and that would be good.
So I am on the lookout for this and am ambivalent about the prospect.
Quote from spanish89:
dumped the fucking piece of shit as market hit .32
was using tick-by-tick chart, and i just couldmt be fuced to take the riks of waiting for it to break the .33 level it hard made as temp restistance, just to make £54 more (the 6extra ticks i would have if i got .3 exit)
I still took £270 from that trade after the spread cost, and so its now over £1,000 for the day.
And working with ayaz (nice-invest) he did all his own trading, all i did was give him the confidence to enter trades when i did, and to wait when it was risky,
and he made over £70 profit today at just 30pence per tick!!!
So overall he has given the market the biggest beating today!
Tomorrow is going to be a perfect day for loads of great trade opportunities which ever way the chinese trade this!
Good job man!
I got back to my computer today and saw that my position had exited at 46.25 with $957 profit.
My exit was high as I expected, but hey, no one has ever gone broke from making a profit.
Lets see what tomorrow brings.
Zakaria: Israel should end campaign in a few days
http://www.cnn.com/2009/WORLD/meast/01/07/zakaria.gaza/index.html
CNN: So, what's the way out?
Zakaria: Israel should end its campaign within a few days. It has achieved most of its major military goals. The marginal gains are small from now on. And they should try to find ways to make the Palestinians in Gaza feel less besieged. If there is a way to lift the embargo of Gaza -- which has strangled it -- and yet monitor for smuggling, that would do the most to restore normalcy to the place. The more desperate Gaza is the more a defiance organization of resistance like Hamas prospers.
http://www.cnn.com/2009/WORLD/meast/01/07/zakaria.gaza/index.html
CNN: So, what's the way out?
Zakaria: Israel should end its campaign within a few days. It has achieved most of its major military goals. The marginal gains are small from now on. And they should try to find ways to make the Palestinians in Gaza feel less besieged. If there is a way to lift the embargo of Gaza -- which has strangled it -- and yet monitor for smuggling, that would do the most to restore normalcy to the place. The more desperate Gaza is the more a defiance organization of resistance like Hamas prospers.
Russia, Ukraine Resume Talks as Gas Supplies Still Disrupted
http://www.bloomberg.com/apps/news?pid=20601085&sid=aVe7ijTnDPDc&refer=europe
âThey should come to an agreement pretty soon,â said Christian Kleindienst, senior credit analyst at UniCredit SpA in Munich. âThe stakes are too high and neither sideâs bargaining position is strong enough.â A deal could take place by âmid to end-January.â
Russian President Dmitry Medvedev spoke with his Ukrainian counterpart Viktor Yushchenko by phone yesterday, the first high-level contact between the two sides since negotiations broke off on Dec. 31. Medvedev said Ukraine should pay the full market price for its gas and clear its debt to Russia.
Gazprom raised its demands on Jan. 4 as Miller cited a possible price of $450 per 1,000 cubic meters for deliveries to Ukraine this month, reflecting the average price in countries bordering Russiaâs neighbor.
Ukraine, which paid $179.50 for its Russian gas last year, rejected a Gazprom offer last week of $250 for 2009 and says $201 would be fair.
Ukraineâs political leaders, Yushchenko and Prime Minister Yulia Timoshenko, are grappling with a financial crisis that has forced it to seek a $16.4 billion International Monetary Fund bailout.
http://www.bloomberg.com/apps/news?pid=20601085&sid=aVe7ijTnDPDc&refer=europe
âThey should come to an agreement pretty soon,â said Christian Kleindienst, senior credit analyst at UniCredit SpA in Munich. âThe stakes are too high and neither sideâs bargaining position is strong enough.â A deal could take place by âmid to end-January.â
Russian President Dmitry Medvedev spoke with his Ukrainian counterpart Viktor Yushchenko by phone yesterday, the first high-level contact between the two sides since negotiations broke off on Dec. 31. Medvedev said Ukraine should pay the full market price for its gas and clear its debt to Russia.
Gazprom raised its demands on Jan. 4 as Miller cited a possible price of $450 per 1,000 cubic meters for deliveries to Ukraine this month, reflecting the average price in countries bordering Russiaâs neighbor.
Ukraine, which paid $179.50 for its Russian gas last year, rejected a Gazprom offer last week of $250 for 2009 and says $201 would be fair.
Ukraineâs political leaders, Yushchenko and Prime Minister Yulia Timoshenko, are grappling with a financial crisis that has forced it to seek a $16.4 billion International Monetary Fund bailout.
Israel military steps up Gaza airstrikes
http://www.cnn.com/2009/WORLD/meast/01/08/israel.gaza/index.html
An Israeli government spokesman said the Jewish state welcomes the initiative and will continue its discussions with both countries about how to achieve a cease-fire.
"We are continuing our dialogue with the Egyptians and the French to achieve a sustainable quiet on the basis of a complete cessation of hostile fire from Gaza into Israel and an internationally supported arms embargo on Hamas," the spokesman said. "The contacts and dialogue continue. It is clear we need a working mechanism in place to prevent Hamas from re-arming."
closed LONGs at 43.20 , scare to be LONG on this one ..
the only thing I have is I " SOLD CALL options" FOR FEB09 , the only way I lose money on these CALLS is if oil close above 45.25 for FEB09 contract close time which I think is unlikely ..
the only thing I have is I " SOLD CALL options" FOR FEB09 , the only way I lose money on these CALLS is if oil close above 45.25 for FEB09 contract close time which I think is unlikely ..
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