Crude Oil Journal

[Spectre2007]

a life changing event to any trader, can be a massive homerun in position/pyramid trades.

similar to a lottery ticket, a set of rules can be drawn up to create a system that exposes you to the derivatives market, that uses pyramid rules, and profit rules, based on random price movement of different derivative, historically there will be some derivatives that have massive gains in terms of price over a multi year span.

you wont be able to identify which one will do it, but if you expose yourself to them all based on certain set of rules, you can pyramid into the massive trend and hit changes in equity that can be life changing in scope.

 

[Spectre2007]

crude and other macro markets contradicting each other, even a inflationary bias with FED funds cut, can't curtail supply glut forces on price as the credit markets are indicating.

 

[Spectre2007]

nice trends in oil, sure frees up Ben's hands for cutting rates, how about 10 dollar wheat.....woo woo.(sarcasm)

=)

 

[OldTrader]

Quote from Spectre2007:

nice trends in oil, sure frees up Ben's hands for cutting rates, how about 10 dollar wheat.....woo woo.(sarcasm)

=)

Looks like you're down about $8 a barrel, with October getting close to last trade day. What's your next move?

OldTrader

 

[Spectre2007]

the position sizing has minimal effect on acct equity until various markets prove themselves in terms of excurision.

over monthly periods, some make money other loose money, it balances out, till one takes off. Thats the key to the system.

 

[OldTrader]

Quote from Spectre2007:

the position sizing has minimal effect on acct equity until various markets prove themselves in terms of excurision.

over monthly periods, some make money other loose money, it balances out, till one takes off. Thats the key to the system.

One did "take off".....against you better than 10%. Maybe something else balances it out, but you did call this the "Crude Oil Journal", and so far you've got a substantial move against you. Nothing else was posted in terms of a real time type of trade that offsets this.

OldTrader

 

[Spectre2007]

per 1N 2007 sequential

2226
5040
-113
628
-1,100
-623
2575
-1,825
4,175
6063
12,225
10,013
213
2800
2862
950
2998
-1,875
-1219
-1,450
-11-3
-175
-11,405
-1,983
1798
-713
100
-75
-1278
-50
-1513
-31,580
-4730
3625
5983
10753
-2919
-23865
12988
38318
-1975
-3683
-2900
625
-1503
-4262
8585
3088
-338
-13
44
-275
-800

 

[Spectre2007]

rollover reversal, heres a contrary indicator.

I'm going to go long oil today, target 100 dollars.

long 80 ...sl 70 tp 100

 

[Spectre2007]

downside stops blown... aren't we going to 100?!!

how about even 80...I will take it.

cost averaging here....another at 79.40

buy buy buy buy...forget about the recession forecasts....the bond market doesn't know anything.

 

[smilingsynic]

Quote from Spectre2007:

downside stops blown... aren't we going to 100?!!

how about even 80...I will take it.

cost averaging here....another at 79.40

buy buy buy buy...forget about the recession forecasts....the bond market doesn't know anything.

Chris,

I'm confused here.

Are you being sarcastic, or are saying that you have covered the short back from the low 70's and are now long, looking for 100? Are you adding to the short at 79.40?

Good luck, whatever your position(s) is.