Time to short Oil

Quote from AMT4SWA:

Covered 33% of my $109.75 SHORT entries at $103.75 this am.....will hold the rest now for sub $100 levels.
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On what do you base your judgement that;
This over-hyped optimsm about the bailout in USA that is supporting and rising oil currently,
combined with the fact that when they print all those 100s billions dollars inflation will rocket, and so the usd should logically weaken, + winter coming so more energy needed...

Will be outweighed by the lower demmand, and so cause oil to gow back below 100 before rising??


Thanks
 
Quote from spanish89:

On what do you base your judgement that;
This over-hyped optimsm about the bailout in USA that is supporting and rising oil currently,
combined with the fact that when they print all those 100s billions dollars inflation will rocket, and so the usd should logically weaken, + winter coming so more energy needed...

Will be outweighed by the lower demmand, and so cause oil to gow back below 100 before rising??


Thanks
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EUR/USD dropping into financial grid takeover, mixed with world economic oil demand destruction.....the "one, two punch" :cool:
 
Quote from AMT4SWA:

Next 33% of SHORT $109.75 entries set to be tagged out at $99.75 ......price action, "come on down"!!! :D
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Orders filled at $99.75......last 33% of my QM $109.75 SHORT add's will be set for $89.75 targets.

Oil getting punked today with the EUR/USD drop. :cool:
 
Quote from AMT4SWA:

Orders filled at $99.75......last 33% of my QM $109.75 SHORT add's will be set for $89.75 targets.

Oil getting punked today with the EUR/USD drop. :cool:
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AMT how many contracts do you play with?
 
SHORT add's at $109.75 was a total of 9 contracts.

I am also still holding some additional positions from my original SHORT for this longer term trade from $147.75.....I will not cash those out until we trade in the $85 to $77 support zone.
 
Well done mate! ;)


IM SO SO FUKING GUTTED!!!!


THE 1DAY OIL CRASHES I HAD TO BE OUT ALL MORNING, GOT IN AT LUNCGTIME WHEN OIL WAS 100/1 AND I THINK IF I TRADE THEN ITD JUST BE A CHASER TRADE, SO I JUST SIT AND WAIT FOR THE BOUNCE TO SELL OFF...

GO OUT TO CALM MYSELF DOWN, COME BACK AND OILS SLID EVEN MORE!! :'(


ON A DAY WHEN I SHOULD HAVE MADE THOUSANDS I MADE ONLY 392!!!
 
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