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A GUIDE TO MAKE A LIVING TRADING OIL FUTURES
Monday, March 30, 2009
3:21 open outcry closed at 230 48.58 last sale
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We are long at 48.12 we have moved stop up to 47.88 20 cents away
somehow this is my position for the overnight heading into terrible tuesday With oil way oversold here i expect a nudge north we are not riding this one that long at 49.125 we cash out and rethink EIA starts to loom and we usually set ourselves up neutral going into that report
The API comes out around 230 tuesday and might hint at the EIA.
Come on guys you gotta hand this one to me-Short 54.25-rode it almost 6 points but not really being a cowboy used stops prudently the whole way down just read the reports. At the bottom of the channel here and I like this long position for now-I will say it again use stops or you will lose your money in this game!
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midday chart
top horiz-54.37 middle line 51.74
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t minus 25 hours to Globex launch
Market Summary
we are in extended hours there are 17 minutes left
keep your heads up
new post side note
stop moved to 51.5
there she goes kiddos
close call twice but no stop out
nfp off 8.5 over 600k out of work
you might have missed the entry point so be patient
overnight play stuffed no profit but no loss with ...
so far up $200 bucks
this was manufactured
we did one trade today
bang that was easy 219 8 minutes $470
bid 52.40 a quick 470 -7.50 comish in and out
210
52.75 2:00
finally they understand-no such thing as too big t...
today it broke the channel
better than a hammer to the forehead!
EIA showed glut dollar weak
is this an April Fool's joke
april fool's day
9:48 PM 48.52
re-draw the chart
first stop out of the week
pre-open 8:21
overnight when you are hot you are hot
3:21 open outcry closed at 230 48.58 last sale
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3:21 open outcry closed at 230 48.58 last sale
1:06 48.87
the buy channel is awesome
oil nears 48.25
this too shall pass!
50 monday 10 AM
pre-open jitters 9:02 stay short move stop watch ...
Monday madness keep dropping the stopping
just one last thought oil 10:49 51.36 bid and last
51.30 8:03 pm Sunday night Globex
already 51.80 Sunday bloody sunday
sunday bloody sunday
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oiltradinginsider
new york, new york, United States
technical and fundamental coupled with most recent economic data -2 major postings a day 8 AM and 8 PM many days supplemental posting so keep it linked to your page
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