SHORT oil @$125.55 and up

5Pillars · May 9, 2008

I will keep trading Oil SHORT all the way up - going for the next short term pullback. Any pullback to $112.00 will be the key to watch and see if I hold for additional downside play. Had a very good CD divergence signal to get short for this last spike move in crude.

stock_trad3r · May 9, 2008

Great strategy. Let us know when you have no more money left.

5Pillars · May 9, 2008

Not a losing trade in all my oil trading this year - you need to do some "search" work here at ET before you make your judgements.

jasonjm · May 9, 2008

I got floor fills for july 119 puts, averaging 3.25

TP $7

stock_trad3r · May 9, 2008

This is elite trader. No one loses money. Ever.

5Pillars · May 9, 2008

Yes - you did playing the broken BULL this year LONG.

5Pillars · May 9, 2008

Quote from stock_trad3r:

This is elite trader. No one loses money. Ever.

So my last big oil SHORT play I already knew oil would drop over $11 a barrell AFTER I posted my entries - hmmmm

Gotcha!

Rtrader2525 · May 9, 2008

Quote from stock_trad3r:

This is elite trader. No one loses money. Ever.

this comment just made me laugh for some reason. i needed that thanks

Ivanovich · May 9, 2008

Quote from 5Pillars:

Yes - you did playing the broken BULL this year LONG.

No he didn't....he doesn't trade real money.

5Pillars · May 12, 2008

I am now holding 125.85 and 126.15 levels with my original 125.55 entry covered at 125.00 (flat plus $.55 per contract). I have standing orders to add to my new position at 126.45, 126.75, 127.05, and 127.35

When oil trades at $112.95 (July08 Contract) I will start taking profits and analize the situation for a $112 area potential bust.