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A GUIDE TO MAKE A LIVING TRADING OIL FUTURES
Thursday, May 7, 2009
3rd time again's a charm
The two overnight sales did not hurt us but the third at last helps as anticipated pullback occurs at last. Members were advised to sell at 58.25
Oil finally draws in to 57.37 showing persistence works move stop to 57.62 protect $600 and see what happens.
Secondary Account notes
I was thinking And I think i posted that I was going to sell
the equities and buy them back Us steel was at 32.96 lost 3 points and Rimm lost 5 points-let's face it they took that one up way too far way too fast and Citi settled down to $3.75 from 4.48 just today these are huge moves! Citi gets back under $3 we are going to buy more but we we probably should have fed the crazy's yesterday even though this is the retirement account not a day trading vehicle it is okay to make adjustments next time they get nutty I will.
These are long term positions and we really look to accumulate on dips but they really went crazy yesterday. I hope I don't need to tell you to adjust stop lower agin as oil cracked 56
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Starting to gear up-once the new site is up we are...
We talked about it on twitter-
I'm not a contrarian the writing on the wall was w...
3rd time again's a charm
overnight oil breaks through the range/Jobs are be...
first stop out of the week 11 PM
alright we will tell you this one last time 9:21Pm...
my analyltics show people are reading me for more ...
This is time stamped check out this mornings post/...
Midday post remote test
Calm before the storm
we are in the break oil closed at 53.84 ater open ...
pretty tight trading range still not a bad day
looks like we are gonna have to work for it today
last sale 53.54
oil stuck in the la brea tar pits
june contract drops to 54.07 last check in 10:16PM
oil drops to 54.10
june contract drops to 54.32
we are at the break-Tuesday's trading starts in 16...
Sometimes discipline can work against you but over...
Construction and home sales data up
Overnight pricing just out of reach
stopped out already but email to re-buy a53.12
June contract 53.40
Sunday's Globex Action begins at 5-Offcially first...
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oiltradinginsider
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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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