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OILITRADINGINSIDER.BLOGSPOT.COM
A GUIDE TO MAKE A LIVING TRADING OIL FUTURES
Friday, April 3, 2009
overnight play stuffed no profit but no loss with stop shift
As we awake and take in the events it is hard to fathom we moved the stop down and were stopped out on the overnight play-this does not make sense- Is it the north korea missile crisis
You can stop thinking it doesn't always behave as if it is sane in fact at times it acts certifiable
It jumping around right now we are bearish and suggest selling above 53 this morning always and I mean always use a stop a quarter away- I will tell you we will not score on every trade but we will win on most and we always win more on each winner than we get stung by losers.
Case in point last night we took a reasonable play it moved in our direction slightly we shifted the stop down it reversed we were wrong we got stopped out we lose $7.50 commissions
we only really traded for 11 minutes y and yesterday we made over 462 we are just trying to show you how the system works and we make money today as well
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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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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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About Me
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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