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A GUIDE TO MAKE A LIVING TRADING OIL FUTURES
Sunday, May 10, 2009
a little disappointing start to the week
We moved offer price to 58.60 at 930ish but still missed out after the double back of the futures and oil traded up to 58.48 then dropped down to 58.06 had we not had been head-faked by the futures we would not have gotten so pricey instincts to be selling opening was correct but could not get in now chasing is a bad rookie mistake. Back to the drawing board look to emails in the AM- For next entry point we are in a bullish cycle just the top of a new buy channel so we thought oil would pull back for a moment it's not going down easily but it just broke 58 maybe that was bad data coming out of bloomberg as the showed the futures up then down by the same amount the very next churn it wouldn't be the first time- But a quarter point higher than than the previous close is close. and then having it tip up to .48 after we dropped our offer to .60 again tantalizing but the overall trend is up so we are now going to look for
our next entry point pssibly from buy side if it drifts much lower.
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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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Market is very predictable here. Stop guessing whi...
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reversal of position-dollar rally kills crude
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when i doubt Lay out
7:24 Members check your Emails-Join Follow on the ...
Dollar values abound./overnight traders adjust sto...
Today among other suggestions We said sell 60.5-...
monster day now
long at 58.15 moved stop to 58.67
update trading brisk on Tuesday
looking to finesse buy in
we have some members short at 60.05/stop adjust 5...
Sometimes making a quarter is like losing a dollar
Secondary account notes
daily chart
this is an excellent view of the past 5 trends dat...
just missed it still charted fairly well take a lo...
Around 3 Am OIL took another drop
a little disappointing start to the week
members just a little high
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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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