"Just Oil"
May 06, 2011 at 22:33
yep, I feel actually dissapointed and down despite making returns. I shorted this thing from 109.00 and I had this idea to leave 1/4 th of my trade running with no take profit but still closed it for only 150 pips. and tonight same.
I also was thinking oil was going up as bulls were coming back but wanted to sleep :)
This is my third month trading oil. I used to tarde Forex but always wanted to trade commodities. And my daily schedule changed in such a way that I cannot trade Forex when it worth trading according to my style. I work 2 shifts every day and time is good to trade exchange based instruments.
Can you say that oil behaves differently from Forex? I think so. But I also think oil is not for newbies.
I also was thinking oil was going up as bulls were coming back but wanted to sleep :)
This is my third month trading oil. I used to tarde Forex but always wanted to trade commodities. And my daily schedule changed in such a way that I cannot trade Forex when it worth trading according to my style. I work 2 shifts every day and time is good to trade exchange based instruments.
Can you say that oil behaves differently from Forex? I think so. But I also think oil is not for newbies.
May 10, 2011 at 07:18
Here in Toronto despite practically 15-18% drop of crude price in one week gas is still costs practically same. They dropped just $0.03-0.04. Does it say that big guys know something? Otherwise how to explain why prices are not going down at the pump?
May be because the gasoline made of oi; bought at higher prices for now?
May be because the gasoline made of oi; bought at higher prices for now?
May 10, 2011 at 07:30
bought when price failed to break 100.70-100.75 level and crossed 101 from below. closed half position and moved stop to BE on second half. plan is to close half of what is left around 102-102.50 if it gets there. i will see. the last part will be left to run.
May 10, 2011 at 08:33
Oh the official explanation may sound like that yeah but in reality it's just extra profit for the petrol company. Nobody forces them to follow crude prices up and down and they're aware of that. Crude goes up - next day you see it at the pump. Crude collapses - no hurry to cut the prices.
Chikot posted:
Otherwise how to explain why prices are not going down at the pump?
<b>May be because the gasoline made of oil bought at higher prices for now?</b>
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
May 10, 2011 at 08:38
It is understandable but in this case it is too much.
Price dropped considerably and stays here for already enough time to consider dropping price at the pump.
Generally they are quick to rise and slow to drop.
I remember 2005 after Catrina prices skyrocketed.
Price dropped considerably and stays here for already enough time to consider dropping price at the pump.
Generally they are quick to rise and slow to drop.
I remember 2005 after Catrina prices skyrocketed.
speki posted:
Oh the official explanation may sound like that yeah but in reality it's just extra profit for the petrol company. Nobody forces them to follow crude prices up and down and they're aware of that. Crude goes up - next day you see it at the pump. Crude collapses - no hurry to cut the prices.Chikot posted:
Otherwise how to explain why prices are not going down at the pump?
<b>May be because the gasoline made of oil bought at higher prices for now?</b>
