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A GUIDE TO MAKE A LIVING TRADING OIL FUTURES
Wednesday, March 25, 2009
news on the overnight
They can't knock it down so it just may go up retrace the chart and you will see the top of the buy channel is 54.48 and that is likely to be visited it doesn't make sense as far as current inventories
go but it just may make sense in the grander scheme like the market in general is a forward looking indicator and the picture has become occluded due to the moves of Geitner and Bernanke there are so many contrary points-just trade-the top of the channel is a good place to sell It looks like we got stopped out on the last one as we moved our stop down but it's only a $100 after earlier in the afternoon picking up $500-we even said we may have gone to the well too often-Sell up a point point and a half with stops-i'm gonna watch for a while staying flat on the overnight or if the futures commit i may check in later with a suggestion-if anything at our stop point of 53 we may even be tempted to buy hyere as it may drift north overnight
(we bought 53.05 after stop loss triggered reverse position can't fight the signs there will be less resistance on the overnight and leave a Globex offer at 54 make a sweet $990 while you sleep- I reiterate the importance and practice myself stop placed below purchase at 52.80 limiting potential morning nightmare to -$250 but I really like our chances and hope you followed me on the overnight odyssey.
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monday morning may future
buy channel
midday chart
top horiz-54.37 middle line 51.74
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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
Get your membership now only 92 memberships left a...
time is running out for this limited membership
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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