Crude Oil Trade Recommendations

Quote from jaytrader100:

oh well i threw this thread out just for kicks.. and ammo I appreciate you stating a trade..but once again it is soo very vague.. i shorted oil earlier or bought it earlier..
do you have a stop? so you have an entry price? it jsut seem liek so many on this site do not wish to hold themselves accountable..being wrong is the cost of doing business in trading.. so I will ask you again to state your trade much like I did last night

entry
exit stop
exit
the time it took you to write that you are short you could have thrown in your price... anyway i appreciate you making an attempt, and i hope your trade is profitable.
More...
no stop, short 111.21 109 bid , 1 lot, every time this makes a new nickel high, 00,05 10, it pulls back 5, so it 'll pull back to 109 ,i'll cover, reshort at 10 and cover at 06
 
nice scalp play on the front months I assume. 109-110,

From what I can tell, it aint all ways easy to get filled on a limit order.....
 
it depends on where you place the limit, but this is why i prefer mit orders
ammo....i would suggest a stop..even a large one.. say 5 bucks.. you never know with oil.. a bomb could go off or a war could start and oil is up 50 bucks overnight..... seriously.. why be completely naked? thanks for posting your trade..
 
IMO short oil was the trade but OIL is taking on a USD proxy role. Were it not for the incessant USD weakness I think we would see oil give up a fair chunk of its recent gains, supply issues notwithstanding.

If someone were to want to trade on a strengthening USD then short oil would be an excellent play as it has synergies over a short USD position. Infact USD puts and oil puts might be a decent pair trade.
 
IMO...I see serious sell off in Oil into and by days end tomorrow, Friday...more sell off early next week...added that earnings will show better picture and Euro will continue to weaken against dollar...
 
Quote from increasenow:

IMO...I see serious sell off in Oil into and by days end tomorrow, Friday...more sell off early next week...added that earnings will show better picture and Euro will continue to weaken against dollar...
More...

Agree. Gold is dropping, and oil has probably topped. Euro for sure up near its high, and usd coming back.

What I see, is the NAZ, financials, and SPY coming back. Usually, when money flows out of commodities it seems to drift into techs and financials.

:cool:
 
oil is already at the moon,who's gonna buy it up here,pros take it down and then buy it so it will go down first,pros are short up here so they won't take it up and anyone wants to buy they will gladly sell it to them
 
actually the oil companies sell up here to hedge .. the producers the commercials .. they are 30 % of the market and they dictae the price
once they move the price then the hedgies step in with their spreads.. anyway .. I am still wondering where your loss point is? it sure is easy not to have one and then say you are short at this price or that you got out.. anyway you keep it vague i guess you can't be wrong.. .. your short ws nicve, but it was very risky with no stop at all.. anyway you are short at 110.. even.. so we'll see..goodluck
 
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