Wednesday, April 29, 2009

7:34 Like i said why wait last night 49.43 this morning 50.86

Yet another 1.5 points really 1.25 as you know we are instructing all members to place stops one quarter away from last We are past weekly goal even if we get stopped here as profits break $5000- we will trade the obvious from here but there will be no reason for risk. 
I don't know if non-members were able to read between the lines last night and probably sometimes you can figure out what we are doing by picking up the gist of what I am saying in my posts. It makes alot more sense to be a member without stress and email went out telling you to be during the overnight at $49.30 and we emailed you again to place the stop order again right on that price so there would be no risk and we would see what is what come the morning. This whole week if you did not position on the overnight you missed the majority 
of the play. Once again Oil trades 23 hours a day-Overnight action is less frantic and easier to 
simply position and of course we always place a stop order within a quarter of our entry price and shift it to break even or to protect profits.  Does all this sound like a lot of work?  This can all be done usually within a half hour after receiving overnight instructions usually during the one hour break while oil does not move at all and we can safely enter both order and stop order. This makes the trade stress free and you get to wake up many morning to see your account up another  $1500. Unless you are an actor or professional athlete I don't see too many better professions than this one! You have to be a member to get exclusive email price entries
keep a eye out if we get stopped. I will send out more instructions if our position gets flattened.
Lots of action that can make the market churn up and down Fed action bullish-we are long
oil but 1.5 points ahead already. Hail to overnight trading!