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OILITRADINGINSIDER.BLOGSPOT.COM
A GUIDE TO MAKE A LIVING TRADING OIL FUTURES
Tuesday, April 7, 2009
friedman's plucking model aside-one day left to join at these prices
We got you short at 51.30 last night currently 50.09 move your stop to 50.5 protect $950
and take a shot if you wanted to cover you could and might be right but to me the new support area will be 48.90ish- The overnight does it again we put out short on and within twenty minutes
were able to put a stop so we could only make $60 before we went to sleep and now we wake up
ahead by Over 700 i hope by now you guys are seeing the value of this
side note bloomberg says this sell off today is based on george Soros comments I mean he is a successful guy(and doesn't he own a lot of gold-hmm if i owned gold like he does i would talk about financial Armagedon all day long) but sometimes Bloomberg is a lillte wild with their certainties theere is a much larger Picture than just Soro- Even Fed chairman Bernanke had the wisdom to admit that no one could fully understand due to the enormity of it.
I love waking up up a thousand if you reading this feed the way you should you did too-nice feeling you should comment- I would love to hear your thought chrgr06@yahoo.com oil is down on inventories so they say but anyone who reads this knows inventories are up but as we get closer to the API and EIA oil trading always shifts back to the important indicator
the chart digest all fundamental and economic data and helps us time the moves but
we obviously pay attention to the hammer
join now 1 day before this goes on delayed basis lock in you spot you must by now see how accurate the system is.
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market selling off agai oil sticks it head above 51
i got stopped out but you shouldn't have
151 shift stop protect $300. profit
bam long 1 49.87
130
stopped again but again at a profit-check all the ...
same game move your stop up
stopped out $500 profit
there you go we buy 50.875 -currently51.65 oilitra...
Stop out goes 53.20 $900 in bank-fear coming to se...
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it stops dead at 53.30
trades up to 53.30
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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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