SHORT oil @$125.55 and up

Dobbes · May 19, 2008

Oil is currently rangebound. Is there a fundamental reason it can't seem to break 128?

Ivanovich · May 19, 2008

Quote from Dobbes:

Oil is currently rangebound. Is there a fundamental reason it can't seem to break 128?

LOL! Fundamentals have nothing to do with this price.

new$ · May 19, 2008

Quote from increasenow:

I actually believe 5pillars..

I want\need to.

5 pillars- you've reached a level some of us aspire to, how about a comment on brokerage, order entry, etc. Do you use options ?
thanks

dimmi · May 20, 2008

I should have taken longs at the time of this post..

hehe

Surdo · May 20, 2008

Quote from dimmi:

I should have taken longs at the time of this post.. hehe

Welcome to Elite Fader, home of the "Perfect Fade"!

Grandeur · May 20, 2008

Quote from dimmi:

I should have taken longs at the time of this post.. hehe

I am sure all short positions were covered at a profit.

dimmi · May 20, 2008

Quote from Grandeur:

I am sure all short positions were covered at a profit.

yeah right.

5Pillars · May 20, 2008

I am currently short from 127.85, 128.35, and 128.85 - as stated before I had the 126.75 entries the other day hit my 126.25 targets for $.50 per contract and my 127.05 and 127.35 were covered at b/e as price hit a target ($126.25) and then rose back to a previously entered level. I will cover my lowest entry ($127.85) at 127.35 for +.$50 and hold the highest two positions as usual.

sttrader · May 20, 2008

Joining you in the short here.......128.9

Grandeur · May 20, 2008

Quote from 5Pillars:

I am currently short from 127.85, 128.35, and 128.85 - as stated before I had the 126.75 entries the other day hit my 126.25 targets for $.50 per contract and my 127.05 and 127.35 were covered at b/e as price hit a target ($126.25) and then rose back to a previously entered level. I will cover my lowest entry ($127.85) at 127.35 for +.$50 and hold the highest two positions as usual.

Very interesting strategy. $.50 cent profit targets and letting your loosers run well into a $1.00. But I am sure you will cover the rest at a profit.