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OILITRADINGINSIDER.BLOGSPOT.COM
A GUIDE TO MAKE A LIVING TRADING OIL FUTURES
Monday, March 23, 2009
both sides of the toxic avenger-always use 1/4 point stops
I tell you market is up they find any talking head under every rock they turn over to let them sing about how the market has bottomed with endless blue skies ahead-on down days you here again after the fact that a depression is closing in- Point is they get you to buy at the top and sell at the bottom far more than them guiding you through a trend change in the open market. as far as today's rally -They have always loved this plan and it was bound to go up the second they mentioned it again- but there are some crucial technical levels to cross to make this more than just another bear market rally.
Oil is in a bull trend there is no denying that nor would we want to but you still have to be loose and find key spots to buy or sell -Cold hard truth is we don't really care as long as we areright! Use this chart wisely as it shows us that we can scalp for half point with relative ease
if we are patient and wait for our spots to buy or sell- Today playing both sides we have netted a cool $1737.00 not the best or worst but a positive day thus far and that is all we need consistency. There weren't that many clear signs today but enough to net a fairly nice profit in 4 trades in and out-Now pick your spots and as long as everything is close here it is okay to sell around 54 and buy around 52 we finesse and pinpoint our spots as we get close but don't worry we will check in and let you know
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counter installed
april fools
monday morning may future
buy channel
midday chart
top horiz-54.37 middle line 51.74
make a living with oil futures
oiltrading insider
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Saturday close 52.40
this is working out nicely move stop again 52.5
not bad dad!
stop right there market summary
midday update
morning glory
news on the overnight
4:16 what to do what to do!
easy money
midday play
overnight that's right i'm right
overnight down drift
testing
80% percent results a winning formula
midday madness
Swim the channel
Well we got our 54 price off and we were tempted t...
340 market up 440
319 last trade untill overnight positioning
here we go again 2:25 market up 305
both sides of the toxic avenger-always use 1/4 poi...
midday chart for may oil
market now up 291
oil finally moves with market
buy channel close look at May
Return of the toxic bank
Futures gap up! 745 AM oil sits this one out
by the way
there is more where that came from!
at some point
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it's not coincidence
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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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