Friday, May 29, 2009

the trend is your Friend/the charter membership is sold out no more memberships offered at $30 per month


I doubt anyone was up but if you were you got a chance to buy in with me as you can see
we sold our earlier buy on is first run up to the high thus far and bought back in at 65.28 (around 3:15)
as you can see from the chart and it has again tested the high of 65.70.
Do  we have ourselves a little trading range. Well everyone in this membership knows where we stand and have stood on Oil since the break out of the 47-54 range. We are bullish.
We know there is a finite amount of oil. We know where oil has been we see what some of the 
moves that have been maneuvered during this economic contraction  could drive the price 
of Oil to heights that could astonish. Oil is good at that. Oil likes to astonish.

As the charter membership sold out I want to thank and congratulate all members who have banded together here. In this age of electronic trading the so-called broker charging outrageous commissions is a dying breed and should be but good advice is needed in these uncertain times perhaps more than ever. You cannot get a better deal than this. Along with the endless
tips and price entries I am available to each member and I try to answer all questions 
and get everyone involved moving in the right direction. The mission is to help others avoid some of the pitfalls that can beset a new trader and earn a solid reputation as a day in day out
handicapper of the Oil market. No one can argue with the results since March. I think we can also help some of the more experienced traders who maybe need a second look at the equations and perhaps a fresh perspective especially if they have been struggling of late. 
 We are stronger as a collective than we are as an individual and we  respect and encourage 
input from each and every member. The comment section under each posting can act as a forum for questions and answers and opinions. Thus far although it has picked up slightly it is still under  utilized.
  It is now 4:13 We have already sent out our ranges today and we currently have backed off the high and the last trade was 65.59 - We now stand long one contract at 65.29 stop in place 65.04
We can easily afford to return the $250 as we have made more than that between 3:14 and 4:16
this morning alone and if we do get stopped out and the rally does end it will not be hard to sell. We trade we do not take this personally. We try to extract money regardless of up or down.
As for us after this trade we are most likely done for the week as we have stated the weekly target has long since been acquired. There is nothing left to prove until Sunday night.
Every week the challenge is renewed.





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0 spots left join the charter membership prices are $40 per month June 1 2009