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A GUIDE TO MAKE A LIVING TRADING OIL FUTURES
Wednesday, May 13, 2009
this Pull back had to occur-the long term Lens-Secondary account
Since when does the market go in one direction I know these retail numbers were bad but
please do not get too caught up in the rhetoric. The market rarely makes a move in simply one direction under the best of circumstances not to mention the mess we just got ourselves out of. A pull back was called for and has started and we may have more to go next leg down I will adding more securities to my equity account. These guys are comical just two days ago they were praising President Obama about his market prowess and declaring the "green shoots" were here. Every day before that they told you it was a bear market rally. Once they jumped on board we knew it was time for a short correction or buying opportunity as I call it these days Every time the market has a 300 point down swing buy a little more for the equity account Most of the members accounts should be looking fatter and fatter. On eight straight weeks of upward movement after a 200 plus up day is not the time to buy it could even be argued that you should move from overweight to underweight when these pops occur but these guys will have you selling at the bottom and buying at the top at every turn if you let them. Buy the dips
Sell the Pops -Long term we will eventually be higher do not panic- Ok after dramatic rips to the upside sell a little why not take a profit and buy even more stock on dips. We are currently dipping so now you wait or start to selectively add to your secondary account. Buy in stages
this account is for next year you are not dependent on this equity account right at this moment it was built from excess profits from our Oil trading. Buy the dips lighten up the account when they take it up too far too fast but eventually we will be higher much much much higher
the chart depict the venerable investment banking modelGoldman verses the industrial average over the last 3 years
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monday morning may future
buy channel
midday chart
top horiz-54.37 middle line 51.74
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Market is very predictable here. Stop guessing whi...
recap
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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
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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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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