Starting to gear up-once the new site is up we are all moving-the mission!

My traffic slows on Saturday-my readers are intelligent and they know oil is not trading today
Without spending a minute on the charts or taking in any news we have a gut feeling that Oil will 
continue to advance in price but just because of the current  move we more than likely will leg in from the short side as the week starts we should be able to least scalp a few halves before this train heads back north-We recognized the new buy channel days ago and were rewarded for it-just as we were paid for spotting the 123 top first when we picked up points on the downside
prior to that-No prices or advices are out just yet we are just sinking  our teeth into our labor 
as we prepare for next weeks battle which begins for us Sunday night at 6
Buffet took the charge 1.5 billion dollar Conoco "mistake" and Bank America came up short on the stress test despite it participating in the historic rally we are witnessing. Jobs came up staggering still but a little less. The economy moves with such inertia that we are at a point where we can see the wheel slowing down before it turns the other way faster than the poor myopians can decipher. It's Saturday and It's a beautiful day in New york City and I'm listening to Bank of America CEO Ken Lewis-He has that goose too close to Christmas look in his eyes
at the moment.


Paper trade in real time with me for a month (if you don't believe or just check my trading stats in March which I posted in real time as it happened as  all posts are time-stamped) like my newest member and you will find that you want to  join for much longer. Once the new site is up we are all moving- urls usernames passwords will be sent out to members- this is a very limited offer  as  I am going to work with a very select group. Just $30 for the month see this action for  yourself it works i have decided to extend this offer for it is the new trader I am hoping to help and I believe we are facing a unique chance that we may never again see in our lifetime-As we make profits we will re-invest into the right undervalued equities on pullbacks which despite the recent gains which we have seen coming have a long long long way to go still-It is really designed for the new the trader I believe I can help the new investor avoid some of the mistakes that they are often prone to further I expect this be a enjoyable and a profitable experience simulataneously.

We talked about it on twitter-

After the break we bought one contract at 56.40 and currently we have a stop in place at 57.40
move stop to 57.75 we made our goal and then some it is Friday- We believe we are in a v shaped recovery certainly as of now we are- and yesterday was one of  those days to strengthen the secondary account move excess cash trade oil with the base 20000 and start again next week.
It has been a pretty nice ride here oil shifts gears back to 58. It may trade down a bit but it looks like we are in a higher range leading into the summer driving season. And like analyst Maxwell of Weeden and Company so astutely pointed out there is a point on the not too distant horizon where demand will exceed available Oil. It won't and can't stay this cheap for long.
Of course the NFP comes out today and were are long but will get stopped out at a nice profit if the numbers are bad and we will make even more if it is good.

I'm not a contrarian the writing on the wall was written yesterday

The talking heads had everyone taking cover two days with the futures down that morning 
and went on and on about the end of the recession this morning when the market made it's head fake. We sold last night oil moved down we moved stop it turned and stopped us out even twice even but we still felt uneasy-we had already mad a nice profit with the 54.15 buy that we  dumped at 56.25- then came he break we scanned the chart and listened to those that give you yesterday's news a day late and a dollar short. This information is already priced in more often than not the non-savvy investor gets buried so many times buy CNBC and Bloomberg there should be a class action case against them.  Stay with us on this point they are not telling you what is going to happen they are telling you what has happened and with such vivacity that the new trader might run out and follow these ex post facto instructions. 
Our third entry point at 58.25 turned out to be the winner- Oil has a rep of being too dangerous and volatile for most investors but with the proper use of stops that restrict liability(we never risk more than $250 initially) and understanding  what is currently driving the pricing  at this moment. It is at least is far more predictable than most other investment choices. So since March 9th the plan is and remains trade oil take profits weekly and move them to secondary account and cherry pick stocks  to hold for the long term on substantial pullbacks. 
If you are a member you get both direct email pricing and text alerts through twitter
So no matter where you are you can make the adjustments. You can learn if you so choose 
the new site will have a glossary of terms-my mission statement-my trading style and philosophy or you simply do what I do trade for trade stop for stop we are on an eight week winning streak and you could be as well. To join simply click on subscribe if you want 
to just try for a month click donate and enter $30 for a one month trial- once you join you will never want to be without this site it pays for itself and a whole lot more!

3rd time again's a charm

The two overnight sales did not hurt us but the third at last helps as anticipated pullback occurs at last.   Members were advised to sell at 58.25
Oil  finally draws in  to 57.37 showing persistence works move stop to 57.62 protect $600 and see what happens. 

Secondary Account notes

I was thinking And I think i posted that I was going to sell 

the equities and buy them back Us steel was at 32.96 lost 3 points and Rimm lost 5 points-let's face it they took that one up way too far way too fast and Citi settled down to $3.75 from 4.48 just today these are huge moves! Citi gets back under $3 we are going to buy more but we we probably should have fed the crazy's yesterday even though this is the retirement account not a day trading vehicle it is okay to make adjustments next time they get nutty I will.

These are long term positions and we really look to accumulate on dips but they really went crazy yesterday. I hope I don't need to tell you to adjust stop lower agin as oil cracked 56 

overnight oil breaks through the range/Jobs are better

The good news we lost nothing the bad news we missed a a fairly nice move to the upside on the overnight.  As it turns out stop adjustments  rather than picking market tops is proof once again that this system allow for the home run. That too is relative a yesterday we did pick up 2.15 points on our trade bringing us 
to our weekly goal by midweek. Let's say we hit a two run home run but a grand slam could have been accomplished by staying with stop adjustments and letting the market tell us when the rally is over.

 Last sale 57.83 and june Oil touched 58.07 somewhere betwen 11Pm and 730 AM- This trading range lasted a long time(8 weeks of up to 55 and down to 45)and was tried and true and especially since we did not risk anything through careful stop adjustment there was a strong argument for the overnight play made. Our new buy channel should have been a hint we were to break out here as the range has ben shattered. 
As members know we have sent out entry points move stops immediately when it moves in your direction to break even and take free shots only.

As far as the overall market is concerned the teacher is the government and the favorite students are the banks. They write the rules and grade the results and it was a masterstroke letting the news out early when they of course knew it was good news. I have been saying since March 9th that the bottom is is buy pullbacks  and watch your account grow. Citibank which we have been talking about for some time has jumped 1.5 dollars in approx. a week A 3 dollar stock at 4.5  I hope you guys followed me on that one!
  If you have any questions about our trading or terminology or how to join feel free to email 
at chrgr06@yahoo.com and I will respond promptly

first stop out of the week 11 PM

1.  sold  again at 56.85 move stop again to break even  sold again we were  stopped out 56.40 no loss no gain- any member still checking saw the stop out and got the new entry backed off again so risk is zero again in fact move stop to 56.83 cover commissions on the 4 trades don't be surprised if we get stopped again last sale 56.63 1111 pm
   

T. Boone had said $60 before $40 in the low $50's  and everybody chuckled inventories 
ADP  were good and summer action is looming we are in a serious uptrend but a pullback is due
see you at 8

alright we will tell you this one last time 9:21Pm last look

you see the chart right- we have instructed readers to drag recent chart you can see where oil meets resistance on our current buy channel other indicators such as the RSI have us clearly overbought as well but as Dylan once said "you don't need a weathervane to tell which way the wind blows" Anyway for trading purposes only we have suggested and of course joined in ourselves and sold on  the overnight we some got 56.40 and we currently stand at 56.20
move stop down to 56.40 break even I don't care If we wake up stopped out so be it. We are ahead close to our number for the week and we are trading simply for technical reasons
futures are down slightly and dollar is mixed. It is all about the NFP for the moment
but we are up big and we are risking commissions at this point tomorrow we shall see.

my analyltics show people are reading me for more than 3 minutes a visit

It's worth it to join emails are out already second time today the first email turned out to be worth $2150. We never ever risk more than $250 that' s the intrinsic part of the system.
All done with stop orders. The new site that only members will be privy to will have a glossary for terms that new trader may or may not understand  but will certainly be able to look up here-and will even include some of my own terminology -  A full breakdown of our trading system--Our mission statement- and a little background on me. When the membership is full URL's -Usernames and Passwords will go out by email and we will log on from there henceforth. So for the two hundred or so readers that glean  between the lines daily(according to my google analytics report-you know who you are)this will soon no longer be possible. 

This is time stamped check out this mornings post/ the new buy channel

We had emails out telling you to buy we weren't exuberant buyers but buyers nonetheless
Our entry was 54.15 we are selling here at 56.25 at 4:30 for  the two thousand plus profit putting us at or near our weekly goal as we re-assess during the one hour break. We did not expect it to go up so much but here you see the beauty of our strategy at work. We pick entry points and adjust stops almost always letting the market turn and flatten us. We know oil is full of surprises  we use stops religiously to limit liability and adjust stops to break even as soon as we are able. If we get flattened we take another look and try to find the next best entry point be it buy or sell.We normally would keep stop adjusting but the break is 26 minutes away and we don't see the point in having a position until after the re-opening. 


The top chart is the where we are at the break -Technicians will tell you that economic data is built into technical analysis but some of this economic data seemed telegraphed to me as we said we thought the jobs would be better and inventories would be less they tipped their hand
in my opinion and The dynamic duo(Geitner and Bernanke) are so anxious to pat themselves on the back the good news on the stress tests somehow got out a little earlier than expected
that  being said though the chart looked bullish too

Secondary account action Citibank virtually explodes to 3.88 wow! We told you about that one for weeks now! Rimm up 2 as usual and X starting to do its part at 31.45

Midday post remote test

Calm before the storm

As the days progress and June oil refusal to sell thus far - We saw some potential to reach 55.25-55.5If EIA come out less of a glut than everyone is already expecting or somehow the ADP numbers are good. We email members price entries though we hinted we might alter strategy slightly for the sake of range trading. Crude is hanging tough as it has shaken off both the weak financials and the futures being off We still believe we are at the top of the range. Despite Maxwell's call for Oil to go to$185 by 2015. That really isn't that far a way when you think about it but it isn't today-Members check your emails I will be back for stop adjustments.
If you have figured it out non-members we are long but not for long update on 54.15 purchase
move stop 54.75 protect $600.

we are in the break oil closed at 53.84 ater open out cry june contract nudged up to 54.15

We are back in a buy channel as we have plainly stated for days 
We are currently listening to Charley Maxwell senior oil analyst at Weedenand co..
He is calling for $185 oil  in the not too distant future. We played from the short side today but we were in such a tight range could have achieved the same results legging in from the buy side.We covered our last short seeing that oil was not headed anywhere today. 
Emails are out right now for overnight positioning 10 minutes until re-open and the start of Wednesday's trading essentially. By now everyone should be fully aware that Wednesday is EIA
the past couple of weeks have been nearly discounted and I am laughing at the Bloomberg banner that claims Oil went down on inventory speculation. This is not a down day
Oil implodes on down days 10% -it is common even in the recent past. Today Oil drifted along with the market but if you caught the pendulum you could have had yourself a nice day-Just like the Oilitradinginsiders had-hard fought but at the end of the day if you have traded for 
more than a thousand you did well. In our secondary account US Steel came in a bit and Rimm went up as always and Citi went up nicely despite fear that plagued many other Financials today. We look at that account with the long term lens. All in all great day .
Wednesday starts now check your emails members!

pretty tight trading range still not a bad day

todays trading 

sold 54.50            bought 54.25 profit=$250
sold 54.30             bot 53.78 profit =$520
sold 54.15                  bot 53.80      =$350
totals                                                                         $1120-22.50 commisions =$1097.50

currently short again 1 contract $54.25 stop in place $54.50
as it breaks we will either cover at 53.75 or adjust stop to 54 to protect $250
As you can plainly see we have been leading from the short side as we feel we are at the top end of this Particular trading range-Also  yesterday's exuberance seemed to drag oil up by it's feet while it kicked and screamed the whole way
So we get the sense that if this market corrects oil will even more-One other point is oil trades
with a greater velocity when it does head southbound. last sale 54.07 1:49 up another $180
 Only members are given these exclusive entry points and updates are now being sent by 
email and mobile phone so you can be kept in the know wherever you go!

looks like we are gonna have to work for it today

Stopped twice both times for reasonable profits and resold again 54.15  protecting quarters still 
$250 starts to add up after a couple flips this is not how trading has going but you take what they give you sometimes
put stop in place i left instructions in emails what to do after getting stopped again one of these 
times it will keep going

last sale 53.54

We are up  a thousand here members shift stop 53.79 one quarter away I know most members know this but bear with us we have two new members with us today we have almost sold out out membership now and we will be moving to a new site all members will be given the url username and passwords- We will continue to give out stop adjustments here until the new site is ready.
  we are in a tight trading range for the moment with we will be doing some flipping here 
so check your emails as we get stopped fro further instructions

oil stuck in the la brea tar pits

With market like yesterday we have seen oil jump several points (Like 6)but after two attempts
Sunday night at catching the last bit of upside from the current run up we consulted the charts 
watched behavior and sold at 54.5-oil traded as low as 53.70 somewhere between 12-7
but that too is a mild move. If we get stopped out at 54.25 and we may the new resistance line is...
Members check your emails we have sent them out  for new entry points should we need them.

june contract drops to 54.07 last check in 10:16PM

 we are up on 54.5 sale $430 dollars but move stop st 54.25 protect $250 
See you at 8 am 
I'm dedicated folks with $400 we made with Sunday night action were on par to make $4000
Hopefully we will wake up to another half to a point in our direction.
Click on subscribe to join we will be emailing price entries and stop entries as well soon

oil drops to 54.10

That's plus $400 for the overnight move stop to $54.40 protect plus a hundred

june contract drops to 54.32

Go ahead and move stop down to 54.60 reducing risk to $100 plus commissions only.
This site is designed for the new trader -One of my goals is to teach new traders while they simultaneously make money-I do every trade that advise my members to do.

we are at the break-Tuesday's trading starts in 16 minutes

June oil closes after open-outcry and settled at 54.50 take a look at this new buy channel
we sent our advisements by email to our members at 54.5 and when we scrutinized the chart we see the top of of this new buy channel was 54.65 the exact high for the session. It has bounced off this line three times thus far in its short development. 

We are short at 54.50 and our stop is in place at 54.75. Slow start to the week we are up $400-
This is a trade there are plenty of reasons to sell oil here but sentiment is bullish in the extreme at present so if we get stopped-we re-group. Experienced traders will all tell you that losses are part of the game if you are one of my avid readers you will know that. We have been range bound near-term oil has been trading between 46 and 55 for some time-We take a shot at the short side here after two attempts yesterday to buy and netted a meager profit but somehow feel slightly thwarted.
Our secondary account blossomed we are long X at 25.40, Citibank at 2.45 and Rimm back on board at 68.375  after a long story that we don't even want to get into.
We aim to trade on the same amount of cash so we are not tempted to increase our contract size or stop system we have a balance that works. so profits that are generated from oil trading gets transferred into a secondary account and we wait for pullbacks and try to buy equities for the long term.

Sometimes discipline can work against you but over time you will see there is no other way to play

We got long at the opening(last night oil opens Globex Sunday at 6PM) and made a half point and re-bought again last night but got stopped out on a short pullback as we witnessed in the AM. We should not be upset that consistent protection caused us to miss the bulk of this 1.5 dollar move upward. Oil is so skittish here we are entirely convinced that its heart is not in this rally. Entry points are intrinsic to success 54.50 lines up as resistance here but it is always the same disciplined play this time we sold so a stop should have placed a quarter above risking only $250  we would prefer to sell after the one hour break but we will feed into this over extension here time 225 members email sent out 220Pm. Open-outcry is over and oil  had pulled back to 54.40 no stop adjustment just yet. If we go into the one hour break short one contract we remind you to replace your stop order or make sure it was entered GTC.  To view charts simply drag to desktop and view with windows media player. If you have any questions about how to place stop orders email at chrgr06@yahoo.com just in case you did not notice our initial entry points are within 5 cents of both the top and bottom it's hard to argu

Construction and home sales data up

Plus a plunge in copper inventories spikes metals at least we are long  US Steel as It breaks through 30 a long long way from our entry point. Pending home sales rise and construction spending jumping almost like they knew this with the market up a hundred already
Email price entries for the June contract are out so members check in for stop adjustments

Overnight pricing just out of reach

We were stopped twice once for $500 the second time lost a $100
We had charted a higher entry point for our sell trigger but it was not reached  yet
which means back to work. There is housing and construction data coming today 
 As it should be the NFP(Non-farm payroll due Friday should be talked about and have influence sooner) will probably have a stronger effect than it has of late 
Jobs or the lack there of will dictate the tone as a leading indicator. H1N1 has been discovered in    a hog but it caught it from a human still commodities seemed to get hit by this and oil ticked down slightly systemically with the rest of the pack.

We believe a base has been formed we have been saying so since March 9th
Move profits from last week into the secondary account and cherry pick equities on significant pullbacks or what I like to call stock sales. Our Stocks are RIMM X and C

stopped out already but email to re-buy a53.12

place stop a quarter below risk is zero we are up $500-This is a free call as we did not email this but anyone reading at midnight deserves this one last sale 53.30 move stop up 15 cents as well

June contract 53.40

Maybe we got caught up in Warren Buffet's positive take on the financial stress test as Members  were advised to buy Sunday night opening. We bought the opening but if you are like me you ended up 52.65 somehow even though it opened at 52.62 I don't know if the three cents are worth disputing as the orders should have placed prior to the Sunday Globex opening. 
Adjust stop to 53.16(protect $500 even after commissions) it traded as high as 53.60 but I expect some resistance at the 54.25 and check emails as we may reverse position in that region. Futures are up but so slightly and systemically commodities are up nearly across the board. Euro looks strong as of now with talks of 120 billion currency pool and Chinese manufacturing numbers.  H1N1 as it is now called has been called has been deemed mild so far here in the US-Mexico has a different take on the severity of this would be pandemic.
 If you are unsure of how to employ stop orders email me at chrgr06@yahoo.com
They are essential to the success of this system as they both limit liability and systematically force us to take profits. 

Sunday's Globex Action begins at 5-Offcially first trade 6 PM indication lower opening looking down .75

 If you are a member or a loyal reader this is certainly nothing new-We start our week on Sunday afternoon. More often than not oil will move a point or more before most traders even make it to the floor of the NYMEX. If you did not play the overnight last week you had a hard time posting a profit as the majority of the price swings transpired between Midnight and 7 A.M. This does not mean you have to be an insomniac like me to profit from this type of action.
We try to find a desirable entry point and consistently place a stop .25 above or below depending-Typically the contract moves enough with 15 minutes to make a stop adjustment to limit liability to zero or to protect a small profit. From this point you can leave it alone and check in with me for the 8 A.M. posting. If there is a dramatic move prior to this I will usually advise another stop adjustment to further protect profits so it is important to have HTTP://feeds2.feedburner.com/oilinsider linked to your homepage which gets updated continuously and will keep you in the loop if something exceptional occurs.

For the entry points-members should as always check your emails  as we scour for anything new on the economic front that should cause us to alter our direction. The obvious inventory bulge has been discounted and oil seems to have latched itself firmly to the fortunes of the S+P  and the USD. Chart is being analyzed and we will post it before the afternoon opening with said chart and stop adjustments.  

3:43 Sunday 
Taking a  look at the longer view shows a second buy channel forming and like the first one which served us so well oil has been bouncing off resistance and jumping off support like clockwork. Technical analysis is a timing tool-Keep an eye on this trend for just that reason