CL Redux

Quote from Blubaru_555:

DX is spiking but CL is barely reacting, it looks strong

There's that "direct correlation" ... :D j/k ammo, actually you would be proud of me, I was watching the euro this morning as well as CL and they were moving in sync quite well, just not right now, at all.
 
You can get dow jones news from here, it is pricey ~$100/m many years ago I just guessed a username and password which was nasdaq, nasdaq, but thats not working anymore lol

http://www.dowjonesnews.com/newdjn/logon.aspx?AL=N


I now get the dow jones news from my Ameritrade Apex account, which gives me many services free including free news, which would otherwise be $25 month.

To be an Ameritrade Apex customer you need to have $100k account or just 5 trades a month over a 3 month period, but it seems once you qualify you're always an Apex client.


However Dow jones news is more general news, do the free trial on the link above.
 
Thanks very much EK -- I will check it out. It's quite fascinating to me that computers are now programmed to parse the news headlines for key words like "saudis" and "reduce supply" and buy and sell based on that, so that before it has time to even reach our screens, they have blasted their orders through.

Quote from EON Kid:

You can get dow jones news from here, it is pricey ~$100/m many years ago I just guessed a username and password which was nasdaq, nasdaq, but thats not working anymore lol

http://www.dowjonesnews.com/newdjn/logon.aspx?AL=N


I now get the dow jones news from my Ameritrade Apex account, which gives me many services free including free news, which would otherwise be $25 month.

To be an Ameritrade Apex customer you need to have $100k account or just 5 trades a month over a 3 month period, but it seems once you qualify you're always an Apex client.


However Dow jones news is more general news, do the free trial on the link above.
 
UPDATE: Explosion Near Norway Tabloid, Government HQ: Reports
Last update: 7/22/2011 10:16:19 AM
OSLO (AFP)--An explosion rocked the building of Norway's biggest tabloid newspaper VG and the government's headquarters in Oslo Friday, leaving at least several people injured, local media reported.
"I see that some windows of the VG building and the government headquarters have been broken. Some people covered with blood are lying in the street," a journalist with public radio NRK said from the scene.
The radio reported that the explosion seemed to happen near the finance ministry, which is near the Norwegian prime minister's office and the VG editorial offices.
Prime Minister Jens Stoltenberg was not believed to have been in his office at the time.
"There is glass everywhere. It is total chaos. The windows of the all the surrounding buildings have been blown out," added NRK journalist Ingunn Andersen.
Photos posted on the NRK website showed shattered glass in front of the devastated facade of the VG building, and soldiers closing off the area and people surrounding someone apparently injured in the blast.
Oslo police were not immediately available for comment.
 
Quote from JoshDance:

Thanks very much EK -- I will check it out. It's quite fascinating to me that computers are now programmed to parse the news headlines for key words like "saudis" and "reduce supply" and buy and sell based on that, so that before it has time to even reach our screens, they have blasted their orders through.

retail are the last to know. I remember in 2006 the ES tape in premarket showing some aggressive prints then a few minutes later the news hits

Bqaiq was the site of a terrorist attack attempt by Al Qaeda on February 24, 2006 to attack the oil processing facility.[1] The news of attack pushed oil prices up by $2. The damage, however, was immediately contained by Saudi Aramco. According to Khalid R. al-Rodhan of Center for Strategic and International Studies, "even if some of the facilities were destroyed, Saudi Aramco has claimed that it has backup and redundant facilities to produce at near capacity." In a report about the incident, he concludes that "the attack against Abqaiq should not be seen as a turning point in either Saudi stability or the global energy market. Rather, it is evidence that al-Qaeda and other extremists groups will stop at nothing to disturb the global economy and international peace. It also signals that al-Qaeda is changing tactics to attack an area that will garner most attention and inflict most damage on the Saudi leadership, the U.S., and the international community."[2]

However, a moderate to severe attack on Abqaiq would slow production from an average of 6.8 million barrels a day to 1 million barrels. As mentioned earlier, the chief purpose of Abqaiq is to remove hydrogen sulfide from crude oil and reduce the vapor pressure, making the crude safe to be shipped in tankers. Abqaiq is the world's largest facility for this stabilization.[3]
 
Quote from macattack:

What were the reasons for entering this trade? I've looked at a few of your charts now & you're always right, but I don't see anything on the chart that would be a trigger to enter a trade, other than price looks extended in one direction or another. Are you psychic?
Hi, Guys :)

Yes, as it turns out, I am psychic. I'd say by the way you've worded this post that you're from Oregon.......................................................Oh, wait. I cheated and looked at your account. :p

I take a lot of things into account when entering or exiting a trade. I can't get into all of it. I've shared quite a bit though already. What I'd want to emphasize to everyone is to just observe the markets. Just look at all you can see that's going on. I studied CL now for quite awhile before I really started trading it much. The more you observe any instrument or equity or............the more you'll learn and the better your trades will be. I knew a guy that just traded Citigroup on the NYSE. He traded it all day and he made over $200k a year and not on huge position sizes. He knew it so well he did great. This was a good lesson learned along the way.

ADD: You know I am right quite a bit when I enter a trade, however, and this is a big however, when I'm wrong I don't hesitate to get out or reverse the trade. I just trade off of what's actually happening, not what I think is going to happen. This is important. This is why my losses are so small in general.
 
Back
Top