"Just Oil"
Member Since Jan 14, 2010
2299 posts
Mar 08, 2013 at 14:09
some 70 pips up with very small risk. stop be.
Attachments:
Member Since Jan 14, 2010
2299 posts
Mar 08, 2013 at 16:44
closed this trade after coming back for some 50 pips. PA on 1H doe snot look good for shorts. previous one hour close and current 1H look like the last effort by bears. will be watching Sunday through Monday daily candles and 1H PA for possible trading decisions. will resume my oil trading too on Monday. another effort.
Member Since Jan 14, 2010
2299 posts
Mar 08, 2013 at 16:48
On live I shorted from around 1.3040 after NFP release but on demo I did even better. also it was not according to my plan unlike live, still pretty good entry.
some 100 pips for 15 pips stop loss. short entry was 1.3121 with stop at 1.3136
some 100 pips for 15 pips stop loss. short entry was 1.3121 with stop at 1.3136
Attachments:
forex_trader_88782
Member Since Aug 22, 2012
42 posts
Apr 08, 2013 at 18:55
Hi Chikot, do you still trade WTI and ukoil ?
I mostly trade WTI, sometimes Ukoil
that's be good if we can talk about trading i'll stay here a bit, then if you wanna comme on skype you are more then welcome.
I mostly trade WTI, sometimes Ukoil
that's be good if we can talk about trading i'll stay here a bit, then if you wanna comme on skype you are more then welcome.
Member Since Jan 14, 2010
2299 posts
Oct 08, 2014 at 18:56
It's been long time. Been busting my balls and working relentlessly on my trading.
If I could I would rename this thread into Just Beans.
I have not traded live since my last post but was working to develop my plan and myslef as a trader.
Time has come to put my money where my mouth is.
Building my account to start making living from it.
No FX. it is Futures.
If I could I would rename this thread into Just Beans.
I have not traded live since my last post but was working to develop my plan and myslef as a trader.
Time has come to put my money where my mouth is.
Building my account to start making living from it.
No FX. it is Futures.
forex_trader_168846
Member Since Dec 21, 2013
9 posts
Oct 11, 2014 at 11:45
Member Since Oct 11, 2013
775 posts
Oct 17, 2014 at 01:49
Oil keeps dropping and hurting the Canadian Dollar. Inflation in the Eurozone may have difficulty rising if crude keeps falling.
Member Since Jan 14, 2010
2299 posts
Oct 24, 2014 at 20:08
alexforex007 posted:
Oil keeps dropping and hurting the Canadian Dollar. Inflation in the Eurozone may have difficulty rising if crude keeps falling.
Ah, it will go back up.
Sweet light crude cheap to produce is history. Many existing projects and those coming online depends cannot be viable if price is below $70 at the very least. That includes Canadian sands. Fracking doubtfully is profitable even at $100.
Member Since Jan 14, 2010
2299 posts
Dec 18, 2014 at 09:45
(edited Dec 18, 2014 at 09:48)
Ok, some news to report.
Just finished building cushion on my futures account to start trading 2 contracts.
Which means $25 per pip/ tick. which means my account is 50% up. Next target to add another 50% , new cushion to increase my size to 4 contracts which is $50 per pip/ tick.
I am still on 1 contract this month and will increase size starting January 5, 2015.
On this account I have max daily loss on 1 contract $200-250, but as I requested from my broker, once realized loss is $150 account is blocked for a day. also cannot open more than 1 contract now. Need to ask broker to increase and now as I have built cushion I can. Risk control is first and foremost and having only one loss allowance a day makes me very patient with entries.
Snake in grass which is what I am thinking of myslef when approaching this thing.
Now back to bed.
Just finished building cushion on my futures account to start trading 2 contracts.
Which means $25 per pip/ tick. which means my account is 50% up. Next target to add another 50% , new cushion to increase my size to 4 contracts which is $50 per pip/ tick.
I am still on 1 contract this month and will increase size starting January 5, 2015.
On this account I have max daily loss on 1 contract $200-250, but as I requested from my broker, once realized loss is $150 account is blocked for a day. also cannot open more than 1 contract now. Need to ask broker to increase and now as I have built cushion I can. Risk control is first and foremost and having only one loss allowance a day makes me very patient with entries.
Snake in grass which is what I am thinking of myslef when approaching this thing.
Now back to bed.
Member Since Jan 14, 2010
2299 posts
Dec 18, 2014 at 14:28
Never underestimate Mr. market :) Anyway, I have no doubt crude will be back to $100's and possibly higher in say 1-3 years time frame. Shale oil production spike that caused oil glat on the market alos had created condition for shale oil production reduction due to current price issues which will create financing issues. It involves a lot of drilling to just keep those shale oil flows stable.
However it take time. Meanwhile I wonder how those shale oil guys gonna refinance and pay back their debts and if I am not mistaken there the whole junk bon industry based on that... Might be another 2008 kind of trigger.
However it take time. Meanwhile I wonder how those shale oil guys gonna refinance and pay back their debts and if I am not mistaken there the whole junk bon industry based on that... Might be another 2008 kind of trigger.
Chikot posted:alexforex007 posted:
Oil keeps dropping and hurting the Canadian Dollar. Inflation in the Eurozone may have difficulty rising if crude keeps falling.
Ah, it will go back up.
Sweet light crude cheap to produce is history. Many existing projects and those coming online depends cannot be viable if price is below $70 at the very least. That includes Canadian sands. Fracking doubtfully is profitable even at $100.
Member Since Jan 14, 2010
2299 posts
Sep 02, 2015 at 18:28
Been long time. Took my third check in 2 weeks. Should have done it long time ago.
Feel good.
Feel good.
Member Since Jan 14, 2010
2299 posts
Dec 31, 2015 at 20:36
I am currently working on long term trend following approach so, it will be interesting to see how things will work. It is slow. Entries are easy, it is exits that make money. Another things is what to trade and what not to trade.
Member Since Oct 02, 2014
909 posts
Jan 02, 2016 at 15:49
How do you work long term if every month you have expiry?
Positivity
Member Since Jan 14, 2010
2299 posts
Jan 04, 2016 at 14:24
This one I am trading with Oanda. No expiration.
arigoldman posted:
How do you work long term if every month you have expiry?
Member Since Jan 14, 2010
2299 posts
Jan 08, 2016 at 09:57
NFP Friday. I am out of all trades. Looks like some trend moves are overextended. Hopefully NFP Friday might help to get on at better prices.
Member Since Oct 02, 2014
909 posts
Jan 09, 2016 at 14:44
What times we live in!
Positivity
Member Since Jan 14, 2010
2299 posts
Jan 11, 2016 at 14:44
dianajs posted:
Do you think oil might reach $20 this year? The bearish trend is so strong that nothing seems impossible.
Definite possibility. I am looking for meaningful pull back to enter. so far nothing.
But then it might go back up to $100. It already happened once.
Member Since Jan 14, 2010
2299 posts
Jan 11, 2016 at 14:45
arigoldman posted:
What times we live in!
Death throws of capitalism and possibly civilization.
Member Since Oct 11, 2013
775 posts
Jan 12, 2016 at 03:11
low demand and over production will keep oil weak for a while. unitl China picks up demand, there is no reason for oil to rally much higher.
