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OILITRADINGINSIDER.BLOGSPOT.COM
A GUIDE TO MAKE A LIVING TRADING OIL FUTURES
Thursday, April 2, 2009
we did one trade today
i know we are used to making a lot more kids but honestly we worked for 10 minutes today and pulled in $462.50 after commissions i say we because 5 minutes before the trade I gave you a chance to set up your offer then i guided you to both play it safe with a stop a quarter above and told you to roughly place a bid down half a point i then eight minutes later had you adjust your bid exactly to 52.40 and a minutes later our bids got hit. it immediately traded back up to 52.75and back down to 52.25 before settling here at 52.37- You can't get it spoon fed any easier
I plucked the high point and we we sold- I have the flu you could have inferred on your own today to buy -when i told you we were going to check in later and sell but up at least 1.5 points-we saw a break through the pivot on the gap up- but we were not going to pay close attention because i need to rest to get better- there is resistance up here at the 52.87 area but I would not be shocked at all if we test the top of the channel in the very near future-so we will probably try to make a few turns tomorrow with stops and when it blows through hopefully we will already be up a grand at least before we get bit for a $250 stop out. Check the chart I urge you this buy channel has and continues to be an awesome tool for market timing.
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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
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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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