Oil at $93.50 and rocketing

[fearless9]

Quote from TradEStar:

I dont..I just look for entries per the method I use that are fully within the exact criteria. Once I see a potential signal developing on the higher time frame then I look for a specific entry trigger on a lower time frame chart for a "dual confirmation" trade.

The airlines seem to have so many variables so I have never used them as a tie into trading oil.

right ho, got that.
Their track record is not too crisp but just thought that I would ask anyway

regards
f9

 

[TradEStar]

Quote from fearless9:

right ho, got that.
Their track record is not too crisp but just thought that I would ask anyway

regards
f9

I have seen people enter LONG/SHORT airline stock trades on higher time frame oil signals..so I do get your point and the thought is not a bad idea.

 

[brokerboy]

Quote from stupididiot:

I'm wondering when the redneck rebellion will come. There is only so much elasticity built into that Friday afternoon paycheck. Let's break it down.

2 cases of Old Milwaukee
2 cartons of smokes
Lotto tickets
3 trips to the the dog track
a night out on the town at Red Lobster

After all that there isn't much room left to tank up the '78 Chevy truck 454 (7 mpg) at $4.00 a gallon. The shit's gonna hit the fan and some mofo better have an answer. And it ain't going to be a G*ddamn Prius!

I think once the Democrats take off the prices eventually decline. We live in a global world but I think Bush upset the applecart a lot. He had no foreign experience when he took off and it’s hard to show the big world picture to a man that refuses to believe in evolution even.

 

[stock_trad3r]

everything will go higher

stocks oil gold food wheat gas everything

 

[TradEStar]

Quote from stock_trad3r:

everything will go higher

stocks oil gold food wheat gas everything

Well $2.00 in the money so far..1/2 the position covered and the rest is in for the ride.

 

[TradEStar]

Nice drop today, and if we can get through the 85's on the December QM I have a decent chance of at least the $81.51 target in the weeks ahead.

 

[le140]

What is the symbol for the oil trade?

Thanks,

 

[TradEStar]

Quote from le140:

What is the symbol for the oil trade?

Thanks,

I am short the QMZ7 with 3 fills at 93.525 and 5 at 93.500..I have covered 2 at 92.50 and 2 at 91.50 with the remainder held for much lower targets.

Here is the contract overview..

http://www.nymex.com/lsco_emi_cso.aspx