Time to short Oil

Quote from AMT4SWA:

No problem.....added additional SHORT QM's (Nov contract) at $109.75 .... I will be adding small SHORT positions every $3.00 per contract for as high as she wants to run. :eek:

High today for the November QM contract was at $110.47......front month CL traded to $130.00 ...... LOL!!!!!!!!!!!!!!!

:D
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Oooh saucy! :cool: :p

How high you think it will go though??


Your stratergy is ALOT like mine, im just waiting for slightly higher prices before i start my sells in, as need to build up capital.


You made many hundred or even 1000 ticks in that last hour of oil?? :D :cool:

It wa sthe most beautiful thing ive ever seen..
 
Quote from AMT4SWA:

No problem.....added additional SHORT QM's (Nov contract) at $109.75 .... I will be adding small SHORT positions every $3.00 per contract for as high as she wants to run. :eek:

High today for the November QM contract was at $110.47......front month CL traded to $130.00 ...... LOL!!!!!!!!!!!!!!!

:D
More...



ALoha mate you cashed in at the mid 106s??? :eek: :confused:

I was quite pissed off i wokeup too late and so missed the morning 100ticks slide that i had been wait for (didnt wnat to risk being in overnght though),
but i still made 151 in 3 sells, in 1hour work from 9 to just after 10am. :)


I cashed in abit to early at between the 106.35 and 50 support area, but i happy enough with what i took.



You going to hold your sells through bernanke and paulsons speeches this afternoon though?? :eek: :eek: :confused:

Even though they could crush the dollar when have to declare how weak the US is...??
 
Shorting yesterdays move was almost free money imo....I will be covering my Nov QM $106.75's at $103.75 and holding the rest of the adds for lower levels. I am not sold that the dollar is just going to get killed again to the point it would pump oil short term....I will keep an eye on everything to look for any changes. :)

Nov QM trading in the low $104's as I type....will see if I can get my $103.75's today.
 
Quote from AMT4SWA:

Shorting yesterdays move was almost free money imo....I will be covering my Nov QM $106.75's at $103.75 and holding the rest of the adds for lower levels. I am not sold that the dollar is just going to get killed again to the point it would pump oil short term....I will keep an eye on everything to look for any changes. :)

Nov QM trading in the low $104's as I type....will see if I can get my $103.75's today.
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Arrrghhh!! :( LOL

I sold a rather nervous £1 tick trade from 107.87, but the got scared and took a £6 loss on it instead of holding out, as didnt feel we have a defined or certain down trend... :(

So instead went closed up for the day at only £219 profit, and went out to my friends house.

Could have made almost £400 more on that! :(
 
Quote from spanish89:

Arrrghhh!! :( LOL

I sold a rather nervous £1 tick trade from 107.87, but the got scared and took a £6 loss on it instead of holding out, as didnt feel we have a defined or certain down trend... :(

Could have made almost £400 more on that! :(
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arrrrrrrrrgghhhhhhhhhhh i had even put the take profit order for that trade at 104.67!!! :( :( :(
 
I made 258 today of the easiest money ever, and that was even after missing a few very nice 50 t 90 tick gaps after i cahsed 2 trades in.


Ive now got a nice loose sell trade in from 106.39 (i knew i could have got better entry at 106.60 but ive gotten lazy+greedy) lol

And my target lever that ive set for that is 103.09
And thats at £2 tick.



Wheres your next cash-in target mate??

And where you put your s/l though??
 
Well yesterday I pulled my $106.75's at $104.75 after missing $103.75 by a quarter....LOL!....oh well. I am still holding my $109.75 entry for runs back down to sub $100 levels.....I am still playing the SHORT side as my longer term trade. I will STOP playing the SHORT side long term once we pop into the $85 to $77 zone.

Intraday has had great LONG and SHORT moves the last couple of days.....this is great price action.
 
Ooooh soz to hear that.

Still been a great run down from 109.. :)


I took £148 more out that last trade, and then dropped it to a £1 per tick trade from 105.11, with target 102.66.


So thats now £406 profit today, and £1,188 so far this week...,

all from a starting account of under £2,400 on monday!! :D
 
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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I cashed in my sells (added a 2nd this morning from just under 105) at 103.45 area, for £260 profit for the day.

Then just took the day off. :D


Im now back in a £2 tick short from 106.96, with a target of 102.36.

Ive put my stoploss at the maximum my capital will allow (124), so i just hope all the over hyped optimism about the bailout finally dies out today or tomorrow, and they realise that it isnt going to help the economy at all really!!
 
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