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A GUIDE TO MAKE A LIVING TRADING OIL FUTURES
Friday, May 15, 2009
(only read this post technical error)OPEX/CPI/DOLLAR FRIDAY WE Move To The July Contract
I am typing fast I know many stressed traders don't want to do this but sometimes less is more
It is okay to lay out when in doubt we are well above our weekly profit goals with some big trading days this week and there are just too many surprises hiding in the corners to make this a risk free experience. It is an OPEX day and that has multiple outcomes often-We move on Friday to the July Contract and attempt to decipher some of the new month's subtleties. The dollar getting hit but is at a key technical level and the market itself is unsteady. Tight stops yesterday you could get away with .15 cents and still be effective. We are preparing entry points for members-check your emails shortly CPI due at 8:30 inflation is a player on the over market and commodities sentiment as well.
Members do not be afraid to take profits quickly today.
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Market is very predictable here. Stop guessing whi...
recap
(only read this post technical error)OPEX/CPI/DOL...
Same post new chart looking at the numbers 11:09 PM
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oil drops to 57.375 /stop adjust 57.5 off to sleep
reversal of position-dollar rally kills crude
this Pull back had to occur-the long term Lens-Sec...
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
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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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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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