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Who else is short oil over the weekend?
- Thread starter tradingmonkey
- Start date
In agreement with you. I am playing it via EUR/USD for now since noon today
Quote from riskfreetrading:
Bulls's horns have grown again in EUR/USD. I started the clipping of their right horn since 11:15AM, and there is a line protecting me from being hit by them while they bleed.
The point is if you are bearish EUR/USD, timing seems good.
Happy trading
(Link to my today's ongoing activities with charts containing entries and exits is http://financialtraders.blogspot.com/2008/06/forex-trading-eurusd-june-7-2008.html )
I went short at an ave of 137.475 (actually a wee bit higher but between ticks)
traded it back and forth today to the short side and made a few bucks but carrying over an open loss through the weekend.
traded it back and forth today to the short side and made a few bucks but carrying over an open loss through the weekend.
there will be a pullback of some sort
some of these guys dont realize that all it takes is one bad thing go off in the middle east for oil to rocket huge amounts very quickly, perhaps the price will gap your stop then you could see a huge amount of your capital evaporate overnight, if you are leveraged you could be broke by monday. I mean if it can rise $10 on rumors imagine what a air strike in the wrong place could do. a up $50 day is not even close to impossible
Quote from Daal:
some of these guys dont realize that all it takes is one bad thing go off in the middle east for oil to rocket huge amounts very quickly, perhaps the price will gap your stop then you could see a huge amount of your capital evaporate overnight, if you are leveraged you could be broke by monday. I mean if it can rise $10 on rumors imagine what a air strike in the wrong place could do. a up $50 day is not even close to impossible
Anyone doing this outright has balls. I'm long a few puts, and can afford to be wrong. If as a trader someone doesn't understand options, they shouldn't be trading (period).