Time to short Oil

[mr888]

Quote from spanish89:

How high you see it boucing 1stly mate????

ive got order for sell at 107.66..., bu you think thats too high??

Didn't hold on to your $106 short? with that full account value stop? lol

 

[spanish89]

Quote from mr888:

Didn't hold on to your $106 short? with that full account value stop? lol

Nah id cashed that in fr a few hundred quid back at the 104 lows.

 

[spanish89]

Quote from AMT4SWA:

EUR/USD dropping into financial grid takeover, mixed with world economic oil demand destruction.....the "one, two punch"

Dont you see the coming revised abilout plan gna rally oil 10 - 15 dollars 1stly though like it did the last time in the buildup??

Im so soo fuking angry, cos i missed cashing in my 96.00 sell in the sub 94 levels!!!

 

[spanish89]

Quote from AMT4SWA:

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.

Just mocking the market now! lol


How high you see it rallying today/tomorrow if we get under supply in inventories + when the next revised bailout plan comes??

Cos ive sold at 98.52

 

[paul_alan]

What would you do if AMT4SWA left elitetrader?
Its a bad move following someone else......

 

[spanish89]

Quote from paul_alan:

What would you do if AMT4SWA left elitetrader?
Its a bad move following someone else......

LOL


I dont ''follow him''.

Ive made £1,000s profit over the last few months by follwing my own skills and trades before i even joined this site.


But im interested in his views on what trades hes making, and why he beleives the market will do that, not 'bot do it'.

 

[AMT4SWA]

Quote from spanish89:

How high you see it boucing 1stly mate????

ive got order for sell at 107.66..., bu you think thats too high??

Pressure is still very strong to the downside over the months ahead as the "demand destruction" picture clarifies. A commodity like oil cant ignore true demand....it will mean revert to the true demand through the cycling of price, sometimes it just takes time though and you have to be patient.

 

[AMT4SWA]

Quote from spanish89:

Just mocking the market now! lol


How high you see it rallying today/tomorrow if we get under supply in inventories + when the next revised bailout plan comes??

Cos ive sold at 98.52

The ties between bailout plan legislation and oil prices are something that would extremely hard to calculate......I am just following the true demand trend to keep it simple.

 

[spanish89]

Quote from AMT4SWA:

The ties between bailout plan legislation and oil prices are something that would extremely hard to calculate......I am just following the true demand trend to keep it simple.

I got fuking fucked over and trashed this week, going from £650 profit to balrey breaking even now cos i didnt wait out a trade id made selling from high 97s and from 100.50s!!


How do you have the pateience and not greed but not liek want to cash in before your target level to lock in that cash??

 

[AMT4SWA]

I have made a big bet that the economy would be TAKEN down, not only in the U.S. but all other parts of the world. This is the backbone of my macro based demand destruction play and my trade is following this trend. Everything I see and measure continues to support this position, so I am not worried about price flucuations against this MAIN trend. I will continue to hold SHORT until we break into the zone of $85 to $77 which I do feel is EXCEPTIONALLY probable going forward.