Friday's lessons are not lost upon me and should not be upon you

We determined that we would get a sell off friday right after the GDP we said sell at 67.25 where was we could get testimonials if you don't believe but in truth we said cover at 65

We will admit also that after that masterstroke we let our intellect get in the way of our trader's gut which told us that a run was possible after the recovery from 65 despite the fundamentals being completely unsupported for such am event. The very big trade should covered that and more of any losses you may have had from the 67.75 short because that was really the only trade that should have ben done.

we are mad at ourself for gambling away part of an over two thousand dollar score

foolishly. The first trade was based on an interpretation of data hard freakin' data that we believe we can decipher and react to faster than most in fact but even if you had to wait for my post you still had 66.75 at worst i told you 65 was bottom that is $1750--

The second trade is important to go over because we do not want to get caught up in that again.

We know psychology and sentiment can trump fundamentals in Oil and trying to figure out where oil was going after the recovery from 65 was guesswork not trading.

Trading was reacting to the GDP the market the EIA or earnings all that was available to us this week gambling is for Vegas- Take 5 thousand to the Sands I love it as well

but we do no gamble for a living no that will not leave you on top after the smoke clears.

We had a huge overnight play as well so the grand we gave back did not hurt us but lose enough of those and it could and we are teaching here and it important to know the difference.

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

good luck members we hope we helped

guided up and down but we have to leave for a few hours we can be reached by email

imf revises but to me it is a tough market that should retest the lows at some point

but there is a puh for a 1000 going around we will have to see

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

Members we have berarish bias

The market will not let this fall but all the market has to do is level and the support

will disappear still flat sell after the turn hopefully in 67's

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

initially we thought 65

we thought it may break 65 on that correction and we are out there

We look to get short again in the 66 i don't think 2.25 points can be qualified as a scalp

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

we hit the homeun

We told u short and stay short oil now threaten 65 we move stop down and ride this as far as it goes

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

no scalping we got short and stay short

we are playing this strictly from the sell side short now 67.25 stop even and see where it goes

by the end of the day

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

gdp revisions worse we sell 67.25

thy revisions show '08 was worse than previously estimated and the front line number was better

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

Overnight

The dax took a hit last night several companies including an airline posted poor earnings

Sony posted a huge loss but better than expected but still a huge loss.

The last sale nis 67.17 but we get a bad GDP this should crack

Royal Dutch follows EXXON with poor results and the short term is screaming to correct but the market will have to cooperate if it does expect some volatile action already the overnight range

66.15-67.88 We are trying to play this safe so we are GDP and the price index to see where to sell

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

This is not xcatly scalpi'

We sell our long out here they are looking for -1.5 gdp

we bought at 66.20 1.5 hours ago approx. now we react to GDP

\

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

scalping

oil is trending and although we amde a littel money scalping we are goin back to position trading

scalping got us off our plan to sell the high tonight and take a shot at the down ide as we got too close to the action

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

After a slow start

the overnight action became furious after a slow start and we barely got out of that last one and it is all the way back to 66.32 where we buy again but the gdp is looming as we are almost around the globe and back to what matters here so if we get a profit we may take it and react to the gdp later this am traded the entire overnight session went as high as 67.80

wild night

it shard to resist scalping

we sold at 67.7

and we buy back in at 67.17 this all over the place

we with astop in place try to sleep now

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

We are just long till am,

After ruining a perfectly fine buy in at 66.52 we keep our long 67.34 with stop below it is going up in our opinion too strong here

Does this service help

I told you to buy at 66.52 I took the early out at 66.78 but At 66.98

Another strong call and to all the readers we will be going private very soon

track us down remember we are just dropping the blogspot

oilitradinginsider.com there will be a monthly p+l udated some instructional video

in depth charting from several programs and of course all my breakdowns of news and predictions for what is ahead plus on the fly changes

if you did not join it will be going up to $150 per three months

members keep their original rate for as long as they hold their subscriptions

I paid for the hosting and they are testing the site but we should be up and running soon

I know I give a lot away for free and I have a steady readership that does not subscribe through my analytic report but we wont be around much longer so if you are benefiting you might want to make the move before it goes up again and i will not publish delayed I am only helping members after that.

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

overnight action

we are going to position tonight we try for a short trade buying this dip at 66.52 overall

this rally was kind of unfounded save Goldman's re-reco

Click dte below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

ECO Events /earnings givith and taketh away

GMT Ccy Events Actual Consensus Previous Revised 23:01 GBP GfK Consumer Confidence Jul -23 -25 23:15 JPY Manufacturing PMI Jul -- 48.2 23:30 JPY Unemployment Rate Jun 5.30% 5.20% 23:30 JPY Household Spending Y/Y Jun 0.40% 0.30% 23:30 JPY Tokyo CPI Y/Y Jul -1.70% -1.50% 23:30 JPY National CPI Y/Y Jun -1.80% -1.10% 05:00 JPY Housing Starts Y/Y Jun -30.60% -30.80% 05:00 JPY Construction Orders Y/Y Jun -- -41.90% 09:00 EUR Eurozone CPI Estimate Y/Y Jul -0.40% -0.10% 09:00 EUR Eurozone Unemployment Rate Jun 9.70% 9.50% 09:30 CHF KOF Leading Indicator Jul -1.45 -1.65 12:30 CAD GDP M/M May -0.30% -0.10% 12:30 USD GDP (Annualized) 2Q A -1.50% -5.50% 12:30 USD GDP Price Index 2Q A 1.00% 2.80% 12:30 USD Core PCE Q/Q 2Q 2.40% 1.60% 12:30 USD Employment Cost Index 2Q 0.30% 0.30% 13:45 USD Chicago PMI Jul 42 39.9

GDP is the big one I don't need to tell you guys

The rally of 77 is a shell of Its former self

after being up 177 Oil has resistance at 67.5 here and psychological at 68

We are hoping for a spike and we might go short here GDP could and should move markets

This is a real reminder of the damage this market suffered so if it manages to come worse

We still can't believe we had a 62.70 bid qwe watch it trade there never filled us and never came back. We were scalping from the sell side at 67.18 and it traded up to 67.28 before fading nicely

we`left an open order at 65.56 to sell by mistake it traded thre 5 times but once my order was filled by the time i hit the buy button and i did it immediately it 66

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

DISNEY

Revenue was lower even though it was a beat for DIS the stock is down after hours by 1.25

I sold my long stock at 26.36 and sold into a ratio short 1/2 at 26.5 and 1/2 and 26.6

but the calls should take a serious beat down come the amDis had beaten est 12 out of 14

previous quarters now 15

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

66.75

cover the short as this looks to strong to the next place to sell will be close take the 150

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

We take ab stand

Going short here at 66.9

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

that last post

Now everyone cannot complain about anything that was a quick $500 min per member

if you listened

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

attention

we are through the bulk we think we get a run later and we are buying at the 66 level if all else remain constant dow up 133 oil 66.25 we just bought 65.97

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

sold it back 66.25

one more flip and I get my error back

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

case in point

just bought in 66.05

Day trading afterClick donate below for a one hour phone consultation

and drop an email chrgr06@yahoo.com to schedule

mew bracket

Sentiment is reversed completely after yesterday and I just got stung for $400

dozing off doing research forgot to cancel an offer

the china rate scare is gone the fundamentals have flipped you shoildnt play this form short side and like i said take .20 cents if you do-wait for dips as far as it goes and buy it just after it makes aturn

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

oil cover short wait

we bid 65.26 make a quarter and look for next entry probably could have waited but

I don't like to move against the current

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

we have to take it from here

we told you to buy the dips and it dipped down to 64.10 we got in 64.17

and just sold 65.51

we sell one more but will buy back after a quarter and look to go long if we get another dip

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

Yahoo

Yahoo has been taking a pounding we start to scale buy

at 14.6 but This deal seal Carol's fate as perhaps the dumbest deal

was it for the greater good it is a coup for MSFT now in the drivers seat

Yahoo will get paid but they did not today and only if it works out and MSFT is the daddy

a takeover of the search engine for virtually no money got to hand it to the Msft boys they took Yahoo to the woodshed and now they can challenge GOOg.

If somebody from MSFT shakes your hand count your fingers

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

oil changes like the wind

Sentiment changes quickly so when you trade oil you must be prepared to change too

today we revise our buy entry and we have a ton of bearish data that is being disregarded

the xom numbers were not pretty and the jobs were higher the continuin claims is a

mirage because benefits are running out -people are still out of work

Mayube they are glad we don;t have to keep paying.

Earnings have blown the door off overall K IP V and MC this is a fundamental rally

we change our bias to bullish because the market will not let oil fall apart

buy dips now

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

Walt Disney Inc.

Disney earnings are due out after the close this stock has analysts looking for .51 cents

but a yahoo finance guy gave it a very poor outlook.

this stock is a beat machine it has beat estimates 12 of out 14 quarters

and I really think this guy has hannah montana popularity and the power of their two big movies miscaculated but since i bought calls i will sell the stock on a pop hopefully 26.58

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

Oil breaks 64

the past 2 days the market was down 100 closed down 11

yesterday down 26

You would have thought especially the way oil traded that the market was dow a few hundred

but the market has turned the corner and we are really too cheap now and this still too much money on the sidelines waiting to get in praying to get in on every dip.

We have good earnings this morning and Oil up through 64

Is just coattail riding I believe the gas numbers will abbreviated the rally in crude or at least limit it. More earnings on the way if they are good well you know what happens to stock when it reports it made money. I missed my buy in even though i was bid 62.70 and it actually traded

on that number but ahead of me -heartbreaker

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

ECo-cal and Dis comment

:00	NZD	RBNZ Rate Decision	2.50%	2.50%	2.50%
23:50	JPY	Industrial Production M/M Jun P	2.40%	2.50%	5.90%	5.70%
23:50	JPY	Industrial Production Y/Y Jun P	-23.40%	-23.60%	-29.50%
7:55	EUR	German Unemployment Change Jul		43K	31K
7:55	EUR	German Unemployment Rate Jul		8.40%	8.30%
9:00	EUR	Eurozone Economic Confidence Jul		75.1	73.3
9:00	EUR	Eurozone Consumer Confidence Jul		-24	-25
9:00	EUR	Eurozone Industrial Confidence Jul		-30	-32
9:00	EUR	Eurozone Services Confidence Jul		-18	-20
12:30	CAD	Industrial Product Price M/M Jun		-0.10%	-1.10%
12:30	CAD	Raw Materials Price Index M/M Jun		3.00%	2.20%
12:30	USD	Initial Jobless Claims		588K	554K
14:30	USD	Natural Gas Storage		71B	66B

there is some news coming up tomorrow that will obviously cause the markets to move

oil and natty will be paying attentiin to the gas storage number on top of the joblesss claims

I hope everyone sold today maybe some sold ahead of the EIA the low risk play was to wait

so that is what we did you had lots of chances to sell after the announcement it wasnt close

it is not like you had to scratch your head it was 5 mmb bulge so obviously hit the sell

button

As far as my disney call I just got done reading a yahoo finance piece that gave a poor outlook on the disney numbers I do not really se it that way but Because the question was raised and since we both bought stock and the aug 25 calls at 1.5 If we get a pop to 26.5 the safe move would be to ratio 2/1 calls to stock and you will make money at that point in either direction if the stock goes 2 points

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

oil found its legs

the low 63 was not shattered there is a half hour left in open-out cry we covered our short at 63.15 and we await the fed beige book as we may get a chance to sell

any artificial pops manufactured by the anecdotal references

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

Disney

There is a mouse in the house I had been keeping this one close to the vest because it has gut instinct and common sensibility rather than hard data but earnings are up for the entertainment

conglomerate tomorrow and Oilitradinginsider.blogspot.com puts up the buy signal at 26

and dons the mouse ears. Join the fun

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

OIl this too can flip again

Quite the correction and fairly easy to predict luckily we look for the storm to end

every technician o the planet has daily support at 62.5 that is a reasonable place for this to end today and we make our first bid there

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

EIA

glut of 5 mmb thet were looking to match API of 4 so worse than expected all mebers coulod have sold as high as 64.9 move stop lets see how low it can go with a weak market we could get a serious break down we are up so we take the shot!

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

One more note on Yahoo

After hearing the conference call this deal is a far cry from the saucy price we yahoo speculators envision roughly 36-there is talk that Yahoo has given up its edge in the search engine business. The revenue Yahoo stands to gain from this deal however

has the stock undervalued by 5 dollars so I guess we have to nibble on the way down

No more dreams of Halt trading Symbol yhoo indications 33-37 on re-open

the stock has to drop on that aspiration disappointment alone the lottery ticket can be torn up here your numbers were not called

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

getting ready for EIA

We saw enough negativity to sell one contract 65.73 which we covered at 65.20 and we await the EIA and will play from there we direct email

our bearish bias and thought we might be able to squeeze a little green while I wait

Click donateelow for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

Secondary Account notes

We advised everyone to go short X at 41.5 we are now beginning to cover that position

scaling orders down to 37

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

MSFT-YAHOO/ CFTC?EIA

The much anticpated deal is done who would have thought the anti-trust cops would ever view MSFT as the good guy or the underdog but GOOG is the lord of the evil empire now

The framing of this deal with the separation of the two companies reminds me of trying to jump across two buildings if you don't go full speed chances are you will end up 10 stories lower in the alley. Msft may have gotten the better than expected deal and the way Yahoo is getting hit

Investors share that thought. This deal apparently positive for MSFT could be a catalyst for

today's day trading. Indeed the futures seemed to turn a bit after the announcement. The way this was done will not forge the weapon needed to slay the GOOG dragon however.

Many arrows were slung at the NYMEX by the CFTC and some limits at the moment seems likely this regulation is causing OIL to shrink but its implications to me seem overstated.

We await the EIA and between the soft market IF we get a bearish report this just might rip

to the downside I encourage prudence and reaction rather than prognostication.

The markets for all the bearish hype ended up down 11 yesterday this bearishness is all smoke and mirrors so far

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

Overnight channel Breach oil trades 67.75

We smashed through channel support sometime between 2AM and now

We will be direct emailing pricing after the EIA around 930 or so

unless we get an inspiration.

Members stand by

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

Overnight trading range

We have seen it dip to 66.62 but far more often it has hit 66.7 where the channel lines draws out to at this moment bouncing off to 66.96 but again more often to 66.89 so we have out prelim

overnight trading range with caution buy 66.6 or a little higher depend. on currencies or futures

sell after you two quarters and you have yourself a little overnight extra cash

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

P+L

Performance All Trades Long Trades Short Trades

Total Net Profit $2960.00 $1330.00 $1630.00

Gross Profit $3430.00 $1800.00 $1630.00

Gross Loss $-470.00 $-470.00 $0.00

Commission $0.00 $0.00 $0.00

Profit Factor 7.30 3.83 99.00

Cumulated Profit 4.42% 1.98% 2.39%

Max. Drawdown -0.68% -0.68% 0.00%

Sharpe Ratio 1.00 1.00 1.00

Start Date 7/23/2009

End Date 7/29/2009

Total # of Trades 9 6 3

Percent Profitable 88.89% 83.33% 100.00%

# of Winning Trades 8 5 3

# of Losing Trades 1 1 0

Average Trade 0.48% 0.33% 0.80%

Average Winning Trade 0.63% 0.53% 0.80%

Average Losing Trade -0.68% -0.68% 0.00%

Ratio avg. Win / avg. Loss 0.92 0.78 0.01

Max. conseq. Winners 6 3 3

Max. conseq. Losers 1 1 0

Largest Winning Trade 2.23% 0.95% 2.23%

Largest Losing Trade -0.68% -0.68% 0.00%

# of Trades per Day 4.63 5.79 2.55

Avg. Time in Market 229.8 min 150.6 min 388.4 min

Avg. Bars in Trade 0.0 0.0 0.0

Profit per Month 55.19% 34.82% 43.40%

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

OIl and Us Steel

Anyone who trades Oil should trade or at least be aware of US Steel

Steel affect Oil indirectly if not directly.THe bleak 3rd Quarter laughs in the face of the Goldman reco and I would bet Money that Goldman was on the sell side of those tickets this morning at 42.5 and higher those guys play dirty and for keeps and have been for as long as I go back and Im sure farther than my twenty years also. Interesting timing right before horrendous numbers and expectations just wish I hadnt got short at 41.5 because I would have sat on those buyers this morning and laughed my way all the way to the cash machine.

I digress as I was saying bleak steel means less cars which spells less consumption which spells lower oil and worse yet bleaker sentiment. We bid 66.25 once if it cracks we have to believe the st has flipped and we may change brackets until the wind changes again

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule

Eco-cal and comment

Events	Actual	Consensus	Previous	Revised
--	EUR	German CPI M/M Jul P		0.20%	0.40%
--	EUR	German CPI Y/Y Jul P		-0.20%	0.10%
23:50	JPY	Retail Trade Y/Y Jun		-2.50%	-2.80%
03:00	NZD	NBNZ Business Confidence Jul		--	5.5
08:30	GBP	Mortgage Approvals Jun		47.0K	43.4K
08:30	GBP	M4 Money Supply M/M Jun F		--	-0.20%
08:30	GBP	M4 Money Supply Y/Y Jun F		--	14.20%
12:30	USD	Durable Goods Orders Jun		-0.50%	1.80%
12:30	USD	Durables Ex Transportation Jun		0.10%	1.10%
18:00	USD	Fed's Beige Book		--	--
21:00	NZD	RBNZ Interest Rate Decision		2.50%	2

I gave some good advice this morning and yesterday I told you those steel earnings were gonna be a rough pill and it went down three bucks from the overzealous goldman sachs trap reco this morning you don't lose 3.45 BILLION and go up that day it does not occur often.

Also I came out around 6 am with a direct email buy in at 66.5 two cents off the low

We have are hanging in the base of the buy channel and if inventories come fat

with the regulation overhang w could breach so day trade tonight but you would be foolish to have a position coming into that news react don't guess if you miss a half so what lets be right

Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule