9.1 Million Barrel Build in Crude Oil. Wow. Get The Hell Out.
- Thread starter ByLoSellHi
- Start date
ARRRGGGHHH this just hasnt been my week!!!
Whatever the fuck ive done this week is always the exact opposite of what the market then chose to do!!!
Hurricane comes out monday, everyone ignored it, i make money selling oil.
Next day people suddenly realise that theres a hurricane and oil rockets, and i get fucked trying to call the top!!
I make a bit buying on inventory number, but oil price then falls so im stuck holding a loss all night, even though hurricane getting nearer!!
Overnight my trades go barely out of loss by open, i hold onto the 2 + open a 3rd buy, thinking i can cash-in on the hurricane this time as its so near now, but market then drops over 1/2 dollar this morning!!!
:eek: :eek:
What the fuck is going on????
Why cant the big traders just make up their mnd on what way they going to trade, and then stick to it??!!
They already bought so much tuesday just because the hurricane, why stop now when it gets evener nearer??! :eek: :eek:
Whatever the fuck ive done this week is always the exact opposite of what the market then chose to do!!!
Hurricane comes out monday, everyone ignored it, i make money selling oil.
Next day people suddenly realise that theres a hurricane and oil rockets, and i get fucked trying to call the top!!
I make a bit buying on inventory number, but oil price then falls so im stuck holding a loss all night, even though hurricane getting nearer!!
Overnight my trades go barely out of loss by open, i hold onto the 2 + open a 3rd buy, thinking i can cash-in on the hurricane this time as its so near now, but market then drops over 1/2 dollar this morning!!!
:eek: :eek: What the fuck is going on????
Why cant the big traders just make up their mnd on what way they going to trade, and then stick to it??!!
They already bought so much tuesday just because the hurricane, why stop now when it gets evener nearer??!
:eek: :eek:Arrrrrgggh!!!
Ahs anyone actually managed to make any money at all in oil today???
And if so were you buying or selling??
Ive been trading since 7am, and all ive managed to do is end up being down about £25, because there is just absolutely no movement whatsoever out there!
And so trading with my 12-tick spread today was just a nightmare!
Has gustav been completely and totally priced in already yet you think??
And so it snow just time to start selling...
Or are we going to see even further rises on monday/tuesday when it hits??
Because today just has given nothing!!
P.S (HOW COME NO-ONE ELSE POPS ON HERE AT ALL DURING THE DAYTIME??) lol
Ahs anyone actually managed to make any money at all in oil today???
And if so were you buying or selling??
Ive been trading since 7am, and all ive managed to do is end up being down about £25, because there is just absolutely no movement whatsoever out there!
And so trading with my 12-tick spread today was just a nightmare!
Has gustav been completely and totally priced in already yet you think??
And so it snow just time to start selling...
Or are we going to see even further rises on monday/tuesday when it hits??
Because today just has given nothing!!
P.S (HOW COME NO-ONE ELSE POPS ON HERE AT ALL DURING THE DAYTIME??) lol
The big traders in New York are sitting on the sidelines due to the upcoming 3-day weekend. Most people will be taking tomorrow off, and in fact will be leaving early today.
As a result, the liquidity is low as volume is off dramatically.
I can even see it in the spread between the Bid/Ask in my stock quotes on the energy issues.
Crude just traded down to unchanged at 118.15 as I post, with Oct. Nat-gas down -.128 at 8.48
http://www.accuweather.com/news-top...=accuweather&traveler=0&date=2008-08-28_08:04
yea why cant the big traders act in really obvious predictable ways so everyone knows exactly what they are doing and can front run them...
gee i wonder why, tough one...
Noooo
Why are the big traders all cashing in and buying/holding over the long weekend though, since they know the hurricane is gna damage the oil in the gulf???
Ive had another shitty fuking stupid day, was holding £3 buys from 119.01, closed them for barely £10, and then lost £39 by trying to scalp the noise.
Then gave up, had lunch.
Came back oils hiy 120.50 and i missed it.
I buy it 3 more times in teh mid 119s, becasue the storm is getting stronger so i though we would see even more gain...!!
But it crashes to barely $118!!! :'( :'(
Quote from spanish89:
Noooo
Why are the big traders all cashing in and buying/holding over the long weekend though, since they know the hurricane is gna damage the oil in the gulf???
Ive had another shitty fuking stupid day, was holding £3 buys from 119.01, closed them for barely £10, and then lost £39 by trying to scalp the noise.
Then gave up, had lunch.
Came back oils hiy 120.50 and i missed it.
I don't know what kind of "real-time" quotes you are using, but the high for the day in October Crude is 120.42 and NOT 120.50
In fact, 5 minutes into the opening of trading the CLV was already trading 119.60 on its way down to 118.525 at 7AM Eastern Time.