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A GUIDE TO MAKE A LIVING TRADING OIL FUTURES
Tuesday, May 19, 2009
The End of Open Outcry
When it was all said and done today our initial buy and sell entries were 59.25 on the buy side
and 60.5 on the sell. We sit here at 60.42. During the regular session we almost go to the sell spot
trading back up to 60.3x and we traded down to 59.97 We played from the short side trading often near our sell point and from the long side at 59.25 and 59. We had two stop outs today
but made the losses back on re-entries. We could have just stuck to the original plan and it
would have made more looking back as we were fortunate to be up and catch the currency
rally last night and reversing the short position at 59.75 we did not sell the high at 60.99
but placed a stop at 60.5 to protect $750 in profits from that overnight adjustment.
Nobody was up trading with us we believe between 1 and 3:30 when we stop protected
when we awoke we were indeed stopped out and the action began. Currencies are stil sky high
but we are carrying a short contract as we believe we will se some inventory fear manifest
as well as the housing were terrible and some of that negativity may sink in as we drift into the overnight. We are going to catch an hour or two sleep before we re-enter the fray
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monday morning may future
buy channel
midday chart
top horiz-54.37 middle line 51.74
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End of the Week-Memorial Day Weekend - Drive safely
Oil trading
Holiday Market-
61.45 overnight last trade
Secondary Account Notes /last trade in CL july 61.25
Thursday long one contract at 61.05 stop in place ...
overnight action pending
Weekly goal Met-Overnight action nets $900
Rally GBP recent chart on left of british pound
We 61.64 sold move stop break even
Closing trade -midday Look
Summer Drive time -the pound is at new heights Fut...
Wednesday EIA
Stopped out for $250 profit
Secondary Equity Account/Currently OIL is overdue
We are overdue-Members were advised of short posit...
The End of Open Outcry
day trading
Fine tuning an entry point
currencies looking too strong back off sell order ...
currencies looking too strong back off sell order ...
Fine tuning entry points
oil breaks 60 again we resll at 60.12
By the time we went to make an adjustment it was h...
EIA comes back into focus
Adjust Trading Range
Stating the obvious trade take profits back to b...
Currently trading at 59.45
Currently trading at
Up all Night
1,2,3,4,5 legs in from the short side July contra...
trading this beast from the short side is tough here
Get a Little give a Little
Monday 2nd Update at the opening
Monday Morning should have started earlier
Dollar rally reverse posotion
Sunday night ActionWe get off to a start and we se...
Range and De-ranged
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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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