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OILITRADINGINSIDER.BLOGSPOT.COM
A GUIDE TO MAKE A LIVING TRADING OIL FUTURES
Friday, May 15, 2009
recap
Ok from a charting or
technical analysis
perspective we had noticed this morning that when oil was going up the highest price it would reach a slightly lower high than the one it reached previously this is a very bearish or negative signal similar to the 123 top
If there is one technical pattern you must learn this is the one because this one is nearly infallible - Anyway this led us into a bearish stance for the day but as members still wanted to trade today-(if you read my post I did not think today was a good trading day as many surprises lurked in the darkness and despite My analysis Which was correct I saw some things on the horizon which could change the picture.)
I did nothing in reality except buy one contract in Jul at 56.75 one cent off the bottom which I sold at 57.30 to have a relaxing weekend you can't Protect yourself
against gaps with a stop order-Way too much can happen over a weekend all of my traders should be flat before the after hours close.
According to my analytics report We know we have over 100 readers who are non-members that read my blog each day(We can even see the city you are checking in from) I honestly do not have enough room to accommodate that many and I would like to be able to publish my pricing so my members can get it straight from the site- we will be publishing delayed as soon as possible - join today first come first serve there is a limit then we will be purchasing more
space and the price will go to $40 Per month It is not much for what you get and you should make more than enough to pay for a year your first day of trading
lifetime locked in price
Join today the price moves to $40 a month June 1 2009
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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...
recap
(only read this post technical error)OPEX/CPI/DOL...
Same post new chart looking at the numbers 11:09 PM
jobless claims up
We start early in these parts 3:22 AM
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
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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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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