times like this make me wish I took web design in college
the new site is oilitradinginsider.com
and drop an email chrgr06@yahoo.com to schedule
Saturday, August 15, 2009
oilitradinginsider.com
and drop an email chrgr06@yahoo.com to schedule
Friday, August 14, 2009
Week end wrap
I will be talking with the programmer tonight he is from Russia and we are debugging and trying to correct issues like sending sending posts directly to members mailbox's
Today confidence numbers allowed f0r a sell off and a run to safety for the dollar and oil went down like it probably should have on wednesday.
We gave early prices revised them down before they got there after the 68.5 we got a bounce
I gave you my final revision of 67 it looked bleak for Oil but the way it turned showed you that although oil did not participate in the -140 to -79 close if the dollar weak oil will just turn right back up -this correction was long overdue with all the inventory that has been hanging around the Cushing facility.
Nothing happened on time or as you would expect and this was probably the trickiest week of trading we have seen in some time.
Many of the ranges were close this week and money could have been made with strict adherence to morning px. The 69 support is now resistance and 65 is a very strong support zone
the 2 point contango will shrink- so the 2.125 will be in backwardation from here until expiration
Hopefully i will have full us eof thye new site by the weekend I am trying to have the morning prices direct emailed but you will have to actually visit and use your password to get in and see many of the extras-It has and continues to take far longer than I ever imagined.
this may be the last post from this site the new address is oilitradinginsider.com
and drop an email chrgr06@yahoo.com to schedule
we are moving to new site tomorrow
Some paypal issues and glitches but remeber the new site is oilitradinginsider.com
passwords will be assigned today
and drop an email chrgr06@yahoo.com to schedule
Thursday, August 13, 2009
ECo cal
As last night proved beyond a shadow of a doubt after gdp drove the cac dax and Ftsi
up and thus oil pushed past 72 with walmart's good earnings ironically retail sales threw water
on the rally but if you were playin the overnight and got up early u made money
| GMT | Ccy | Events | Actual | Consensus | Previous | Revised |
|---|---|---|---|---|---|---|
| 22:45 | NZD | Retail Sales M/M Jun | -0.30% | 0.80% | ||
| 22:45 | NZD | Retail Sales Ex-Auto M/M Jun | -0.50% | 1.60% | ||
| 23:30 | AUD | RBA Governor's Semi-Annual Parliament Testimony | -- | -- | ||
| 23:50 | JPY | BoJ Monetary Policy Meeting Minutes | -- | -- | ||
| 23:50 | JPY | Tertiary Industry Index M/M Jun | -0.30% | -0.10% | ||
| 09:00 | EUR | Eurozone CPI M/M Jul | -0.60% | 0.20% | ||
| 09:00 | EUR | Eurozone CPI Y/Y Jul | -0.60% | -0.60% | ||
| 09:00 | EUR | Eurozone Core CPI Y/Y Jul | 1.30% | 1.40% | ||
| 12:30 | CAD | Manufacturing Shipments M/M Jun | -0.30% | -6.00% | ||
| 12:30 | CAD | New Motor Vehicle Sales M/M Jun | -1.00% | 1.00% | ||
| 12:30 | USD | CPI M/M Jul | 0.00% | 0.70% | ||
| 12:30 | USD | CPI Y/Y Jul | -1.90% | -1.40% | ||
| 12:30 | USD | Core CPI M/M Jul | 0.20% | 0.20% | ||
| 12:30 | USD | Core CPI Y/Y Jul | 1.60% | 1.70% | ||
| 13:15 | USD | Industrial Production Jul | 0.20% | -0.40% | ||
| 13:15 | USD | Capacity Utilization Jul | 68.10% | 68.00% | ||
| 14:00 | USD | U. of Michigan Confidence Aug P |
the rally stalled this would have reached for the channel top if retail did not come badly oil went up and down with the market after that so
if you like natty buy at 3.20-3-3.0 depending on your risk tolerance the industrial numbers should surprise to mtyhe upside friday
and drop an email chrgr06@yahoo.com to schedule
oil trading
we sent out revised pricing buy 70 after letting u know about our short trade at 71.25 we covered at 70.25 with weak dollar
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oil on its on course here
trade this thing i cover at 71.5 It does not seem to care about ecodata
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new data
retail sales bad i sold t 71.75 on the re-bounce
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gdp happens in gemany and france too
the ecocal on the overnight has been posted nightly for a resaon
GDP in france and geremany push oil one more leg
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Wednesday, August 12, 2009
natty
i boughht the min qg contract tonight at 3.480 I know at some point it woill hit thye lows but
iam gonna take a chance on a trade it looks good for a trade
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all you technicians
We hope all you technician sare all right everyone STIll short
inventories up still goes up china has a double top still goes up
getting scary did iraq and iran and nigeria cut every off the bad fundamentals outweighed the good but u guys still get that inventory won't mean much if things keep getting better
plus you technicians never got your so called confirmation the rally was done tsk tsk
Sentimnet trumps all else they liked the way Bernanke handled this they believe he has got a bead he did a good job pulling us off the brink he is gonna get a shot at unwinding this
The oilitrading insiders did not believe i premature selling once it got up to 71 we scalped and made one big scalp on the FEd announcement but covered at 69.90 It was not as bad Im short at 71.75 again here but the market stays up so will oil
and drop an email chrgr06@yahoo.com to schedule
Selling near 71
Inventories were very bad there is mixed data but most likely the fed will make the buck rally sell near 71 and hold Im done scalping now getting too close others will realizer this as well that is why it is elling down already hpefully u kept last shrt as per my prev email
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scalping n short
we sell 70.83 buy 70.5 we are trying to bet that the dollar rallies but we are gonna wait here until the fed meeting most prob our bet sell near 71 stop at 71.5
cover much lower scalp for now until about 1:30
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we await the news 830-10
everyone watching the EIA everyone already thinks short because of fed pricing after anoiuncements
Tuesday, August 11, 2009
Tomorrow stands to be wild
And if you stay up sell pops tonight at 69.78 area or harder to buy dips
but the inventory picture came through with a bullish slant but the fed thing has to keep pressure on this tonight the announcement might make this do an about get up early I should get two way radios with all my members because decisions tomorrow are gonna have to be made in a split second the EIA and the FEd all at once
You guys may need me tomorrow the new site is going to have a cool live video feed
via icq or skype so all traders can stay with me live during crucial events get your webcams boys
and drop an email chrgr06@yahoo.com to schedule
/eco calender andopen-out cry closed
we have a bearish trading bias going into the extended session
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double whammy up EIA nd fed statement both could move crude
technically we look lower now -fundamentals don't look posotive but API wil be out shortly and
could alter the prospects
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members just drop email
action is heavy we have advised mebers to sell 70 area on a pop before it occured if u r trading and interested where the current buy sell areas are just drop an email I will include u Im not updating to site new site will be ready soon then we will do it that way again
some members just enjoyed a 25-45 cent trade depending on your tolerance
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wholesale numbers
downgrades and a general sense that a pullback was due has us below 69
I had an offer at 71.25 but cancelled it thinking I might get 72 but can't cry over spilled milk
we have ben talking for days about the possibility of the buy channel being violated
This is getting close to a buy in at least for today the dollar strong
and drop an email chrgr06@yahoo.com to schedule
This is the Summer Doldrums
the market needs a catalyst and we are are gong to have to wait two days for this one
This is a great area to use stochastics to pick up a quarter here and there
Stochastics are useless in trending markets but can be quite useful in dead markets like these but if you trade oil 25 cents is $250 and that can add up if you manage to scalp it four times
and drop an email chrgr06@yahoo.com to schedule
Last night was a late one
we stayed up late playing the China data which came strong and is supporting oil somewhat
despite the slightly lower futures
The range should ay it all last night .75 yesterday 1.5 the whole day we are waiting we are all waiting.
There are technical arguments saying the channel is violated that 66 is imminent but
to me a move to easing is still premature Member pricing out shortly.
and drop an email chrgr06@yahoo.com to schedule
Monday, August 10, 2009
china comes out
"The news comes out veru bullish and zero bounce in fact the Aud sold off immediately
that might be it for a while if you did not get your short on 1.03 was approx the high
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and drop an email chrgr06@yahoo.com to schedule
and drop an email chrgr06@yahoo.com to schedule
overnight traders
the news out of china is supposed to be good that wil push the high yield curencies as you can probably see they have already perked up
We have covered our short but we believe this news is really bult into these currencies
I am looking to put a short back on wherever it may pop to perhaps back to 71.5
this is a good night for some of me new members
use stochastics and you should have bought at 60 sold at 87 bought at 67 and sold at 82
bringing you here at .75 overnight moves slower excellent training ground for beginners
and drop an email chrgr06@yahoo.com to schedule
Overnight Monday
there is a flow of data measuring China growth so we must be on our guard
But fear should bring some king of weakness at least prior to the meeting of the Fed there is a real fear that QE will start to be unwound to protect against inflation
We are trading this overnight sold the close at 70. 95 bought the first dip at .60 using stochastics and resold at .87 there was one more trip to 70 and back to 87 that stochactics signaled but I let that one go I believe we will get a shot to cover close to 70 but I will not be stubborn and if I see a reason I will cover and resell this morning I gave you a buy in near 70 and a sell of 71.5
eight and seven cents off respectively i moved up the sell for position traders but reminded day traders they could still sell in the 71-71.5 area
and drop an email chrgr06@yahoo.com to schedule
history is history
Remember Friday This pullback is not a scary one and there is banter that we are in the AUG
doldrums I have been trading a very long time and most years (not last because of the crash we all had to cut vacations short) and probably not this year as we return
I have volatility plays on for cheap aug 25 synthetic in DIs for free it is a quarter but it is pretty easy to leg that on for nothing especially if you trade oil child's play really
I took profits too quickly but I had heard part of a story which turned out to be a non-event
so back to normal trading we wait for a rally today and We sell oil we lead from the sell side
]today
trading ranges
If you are putting on a position for the next move lower
I think you might get one more chance at a little better price so I moved the daily pricing up for those traders the top of the channel should avail itself once more
the market itself wants to shrug off these early lossses
I am trading today and covered my first short at 70.35 and resold on this last run up at 71.4
it got as high as 71.47 3 cents off the morning entry a winning trade covering at 71.10
I think we got another rune in here somewhere
and drop an email chrgr06@yahoo.com to schedule
Monday
We got as high as 71.25 where we sold one contract after the game the last night
but the range is 1.25 not much with the counter currents
The economy is better demand should increase
Current inventories have crude overpriced
THe fed meeting has QE as a possible first move back out with the meting this week
if that occurs we have to break lower
Member px out shortly
y
and drop an email chrgr06@yahoo.com to schedule
Sunday, August 9, 2009
We have sent our play
Our guidelines our in via email we will post where we exactly jump on board
and drop an email chrgr06@yahoo.com to schedule
Sunday Play o the way
What a week BAnk of England and a dolar rally diverges Oil against the market
Every Single expert now I mean all of them tedchnicians included believe we are in for a correction here and the way Oil acted on Friday I might be inclined to actually agree his time for now but with some caution the channel will not be violated without a further surge in the dollar
our channel bottom price is 69.5 our channel top 73
the CFTC threw some cold water on OIl but the real threat to Oil is the FED they will have to make some kind of move at some point to protect and unwind fro the printing press they ignited which propelled us here. The market is still very strong and Oil will not crack unless the market pulls back as well I think this all still too early to occur so we will buy the channel bottom unless the dollar screams higher or the market plunges. For Sunday we will send our play via email
W have tickets to the New york Yankees vs the Boston Red Sox and will be trading by blackberry at the game
and drop an email chrgr06@yahoo.com to schedule
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