FYI this what I am looking at:
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
5% - 10% profit per day trading
- Thread starter spanish89
- Start date
- Status
- Not open for further replies.
after alot of hardwork, continuously looking at the market and grinding every single piece of news I am finally able to lower down my avg price to 4095. I had 5 longs and I brought down the avg using 1 lot so IMO it was quite a feat. I can now get out of this position but there are a couple of bullish factors. One which you guys may not know is that UAE and one other arab country have announced further production cut
damit, its not looking good on the 5 min bars
just exited at 40.75
just exited at 40.75
Quote from usman88:
after alot of hardwork, continuously looking at the market and grinding every single piece of news I am finally able to lower down my avg price to 4095. I had 5 longs and I brought down the avg using 1 lot so IMO it was quite a feat. I can now get out of this position but there are a couple of bullish factors. One which you guys may not know is that UAE and one other arab country have announced further production cut
Good work! I am bored to death watching oil float around in this tight range. I just thought we had a breakout but the damn thing pulled back again, so i jumped out. I am bullish, but I think we need a big news to get us out of this tight range
Yeah thats good news, but it barely made a difference today.
OPEC President says group could cut more supply if needed
* OPEC may consider new 1 million bpd cut in March-source
OPEC makes 67 pct of pledged cut in Jan
* Nigeria oil union threatens strike from Feb. 9
* U.S. crude stocks seen up for sixth straight time
Oil climbed towards $41 a barrel on Tuesday after OPEC signalled it might cut even more supply in addition to record curbs in order to help boost prices and drain bloated stockpiles.
OPEC's president says that the group could take more action when it meets on March 15. An OPEC source said later in the day that the 12-member group may discuss a further cut of about 1 million barrels per day (bpd).
U.S. light crude for March delivery <CLc1> rose 73 cents to $40.81 by 1631 GMT, having fallen to $39.83 on Monday, the first time below $40 a barrel in three weeks. London Brent <LCOc1> was 40 cents higher at $44.22.
"Prices do seem to have bottomed for now,"
"OPEC has probably taken more than enough off the market and there's a risk of over-tightening, in which case prices would go back up fairly swiftly."
Despite softening world energy demand, oil has held above the $40 mark in recent weeks, buoyed partly by OPEC's pact to remove more than 4 million bpd of output since September to rebalance world markets.
Oil fell sharply on Monday as the worsening global financial crisis led to grim forecasts for fuel demand and U.S. refinery workers averted a strike that would have cut output.
While protests ended in the U.S. energy sector, they could be about to start in OPEC producer Nigeria.
Nigeria's senior oil workers' union threatened to begin an indefinite strike from Monday unless the government improved security in the Niger Delta, its restive oil heartland.
Nigeria pumped about 1.75 million barrels per day (bpd) in January, versus its OPEC supply target of 1.67 million bpd.
Lead OPEC producer Saudi Arabia and neighbouring Gulf members virtually met their supply targets, which analysts said would go some way in removing excess oil.
"OPEC cuts will begin to take effect on inventories in a few months and the market is pricing that in. The caveat is the economy," said Anthony Nunan, risk management executive at Tokyo-based Mitsubishi Corp.
OPEC President Jose Botelho de Vasconcelos, also Angola's oil minister, said on Tuesday the group could cut more.
Slowing economic growth in the United States, Japan and other major consumers has dampened fuel use, swelled stocks and knocked more than $100 a barrel off the price of crude since its July 2008 peak near $150.
In addition, inventories in top consumer the United States were expected to grow yet higher.
U.S. crude inventory data were likely to show stocks rose for the sixth time in a row as refinery utilisation remained curbed by seasonal maintenance and imports rose.
Analysts issued their forecasts ahead of weekly inventory data to be released on Wednesday by the U.S. Energy Information Administration. Industry group American Petroleum Institute will release its data on Tuesday.
* OPEC may consider new 1 million bpd cut in March-source
OPEC makes 67 pct of pledged cut in Jan
* Nigeria oil union threatens strike from Feb. 9
* U.S. crude stocks seen up for sixth straight time
Oil climbed towards $41 a barrel on Tuesday after OPEC signalled it might cut even more supply in addition to record curbs in order to help boost prices and drain bloated stockpiles.
OPEC's president says that the group could take more action when it meets on March 15. An OPEC source said later in the day that the 12-member group may discuss a further cut of about 1 million barrels per day (bpd).
U.S. light crude for March delivery <CLc1> rose 73 cents to $40.81 by 1631 GMT, having fallen to $39.83 on Monday, the first time below $40 a barrel in three weeks. London Brent <LCOc1> was 40 cents higher at $44.22.
"Prices do seem to have bottomed for now,"
"OPEC has probably taken more than enough off the market and there's a risk of over-tightening, in which case prices would go back up fairly swiftly."
Despite softening world energy demand, oil has held above the $40 mark in recent weeks, buoyed partly by OPEC's pact to remove more than 4 million bpd of output since September to rebalance world markets.
Oil fell sharply on Monday as the worsening global financial crisis led to grim forecasts for fuel demand and U.S. refinery workers averted a strike that would have cut output.
While protests ended in the U.S. energy sector, they could be about to start in OPEC producer Nigeria.
Nigeria's senior oil workers' union threatened to begin an indefinite strike from Monday unless the government improved security in the Niger Delta, its restive oil heartland.
Nigeria pumped about 1.75 million barrels per day (bpd) in January, versus its OPEC supply target of 1.67 million bpd.
Lead OPEC producer Saudi Arabia and neighbouring Gulf members virtually met their supply targets, which analysts said would go some way in removing excess oil.
"OPEC cuts will begin to take effect on inventories in a few months and the market is pricing that in. The caveat is the economy," said Anthony Nunan, risk management executive at Tokyo-based Mitsubishi Corp.
OPEC President Jose Botelho de Vasconcelos, also Angola's oil minister, said on Tuesday the group could cut more.
Slowing economic growth in the United States, Japan and other major consumers has dampened fuel use, swelled stocks and knocked more than $100 a barrel off the price of crude since its July 2008 peak near $150.
In addition, inventories in top consumer the United States were expected to grow yet higher.
U.S. crude inventory data were likely to show stocks rose for the sixth time in a row as refinery utilisation remained curbed by seasonal maintenance and imports rose.
Analysts issued their forecasts ahead of weekly inventory data to be released on Wednesday by the U.S. Energy Information Administration. Industry group American Petroleum Institute will release its data on Tuesday.
Just went long again @ 40.87
I like to see this pop above 41 and stay there. Will dump trade again if it doesn't happen quickly
I like to see this pop above 41 and stay there. Will dump trade again if it doesn't happen quickly
i was looking around on forums and was amazed to see people turning up 1k to 100k in weeks in forex....
whts the reality guys(specifically those who trade forex)? I can surely spare a grand or two for this forex experiment....
wht crosses have the most volatility and technically sound?
and btw I will be very happy if I am able to turn 1k into 3k by the end of the month let alone 100k
whts the reality guys(specifically those who trade forex)? I can surely spare a grand or two for this forex experiment....
wht crosses have the most volatility and technically sound?
and btw I will be very happy if I am able to turn 1k into 3k by the end of the month let alone 100k
Quote from usman88:
i was looking around on forums and was amazed to see people turning up 1k to 100k in weeks in forex....
whts the reality guys(specifically those who trade forex)? I can surely spare a grand or two for this forex experiment....
wht crosses have the most volatility and technically sound?
and btw I will be very happy if I am able to turn 1k into 3k by the end of the month let alone 100k
Look at GBY/JPY GBY/USD
- Status
- Not open for further replies.