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OILITRADINGINSIDER.BLOGSPOT.COM
A GUIDE TO MAKE A LIVING TRADING OIL FUTURES
Monday, April 6, 2009
stopped again but again at a profit-check all the other analyst at the door
This is by no means one of our best days in fact you could argue that I have been fighting it
my original instincts were just to sell in the 53.20 are just read the weekend post "tminus 25 hours to globex launch"
instead we have been picking bottoms and getting stopped out but at profits because we are all about entry points- Flat agin but up $993 at 12:26 and remember we picked up $900 last night
we could call it a day here at $1893 we will let you know what play is next-
I got caught up in other's opinion and thought I have still clearly made everyone money we missed the home run that we were predicting- It was just us technical analysis and common sense with weak market thrown in. I try to take in as much information as possible and here it actually worked against me somewhat- I mean all that reflation talk did let us catch a little ninety sense but TA is the timing weapon and it told us to sell at 53.20 currently 50.20
that would have been $3000 instead of one thousand but you cant forget this is not a net zero business there are many ways to skin the proverbial cat this proves that-
two days left top join at this price and this publication will go out delayed so just $90
I just made you $1893
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monday morning may future
buy channel
midday chart
top horiz-54.37 middle line 51.74
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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
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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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