"Just Oil"

Apr 29, 2011 at 16:28
53,837 Paparan
1,794 Replies
Ahli sejak Jan 14, 2010   2299 hantaran
May 03, 2011 at 06:53
ok, it is not loading images from image shack.
Ahli sejak Jan 09, 2011   23 hantaran
May 04, 2011 at 02:05
i do oil trading for this few months too. seems it's a nice pair to trade.

here is my client trade ac, just for oil this month:

https://www.myfxbook.com/members/t1fx/t1fx-usd3000/101815

S n R and trendline is good for trading oil. have some fun.
T1FX, Making Money Is Automatic
Ahli sejak Jan 14, 2010   2299 hantaran
May 04, 2011 at 06:42
yeah, looks good.
but oil is not a pair :) it's a commodity.
I always wanted to trade oil.
Ahli sejak Jan 09, 2011   23 hantaran
May 04, 2011 at 14:35
HAHA ..yeah last short position closed now. be back next week after NFP... wont be taking trades for this week.
T1FX, Making Money Is Automatic
Ahli sejak Jan 14, 2010   2299 hantaran
May 04, 2011 at 21:01
I made mistake. went long. I was thinking 111.00 will not hold. so, when I shorted later in the morning I just traded back today loss from night session . No luck this week so far.
Decided to trade only OIL account as I take same trades on both accounts which kind of makes no sense. OIL 1 I will not trade until I get some idea to take different trades from OIL.


it will be nice to see when all this reverses and testes previous high again.
Ahli sejak Jan 14, 2010   2299 hantaran
May 05, 2011 at 08:32
took into account yesterday's mistake waited and shorted at right moment. 3/4 position is closed at profit and 1/4 left to run with stop at BE.
Generally speaking after very strong daily candle it is higher probability that next day will also move in same direction especially if some important level were broken by daily candle like 111.00 the day before yesterday.
Ahli sejak Jan 14, 2010   2299 hantaran
May 05, 2011 at 09:14
ok. looks like 108.40 got broken and I am in. will move stop to 108.56 locking 40 points.
I am thinking would not be wise not to have take profit at all. this thing can run 400-600 points daily.
Ahli sejak Jan 14, 2010   2299 hantaran
May 05, 2011 at 09:34
locked 20 more points. target 107.06.
Ahli sejak Jan 14, 2010   2299 hantaran
May 05, 2011 at 09:35
thir bound to be some reaction as this area has previous history but round numbers like this tend to house a lot of orders.
Ahli sejak Jan 14, 2010   2299 hantaran
May 05, 2011 at 09:44
leaving home and closed at 150 points. 40 points away form target. brought account back. nice. sure It have good probability to hit 107.00 but better not to be too sure as I was too sure few times this week. bringing account back to former top is a priority. now, let's start bringing account to new high.
Ahli sejak Nov 18, 2009   735 hantaran
May 05, 2011 at 09:51
Hmm, good to see some 'interactive trading' here. Wish you success. That 20% psych barrier will be knocked out soon. After that, let's hope the 20% will turn into massive support level. 😉
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Ahli sejak Jan 14, 2010   2299 hantaran
May 05, 2011 at 14:31
cannot understand why history ahs not been updated.Iam at 16% nowback to previous high.I need to admit what a sucker I am.closed at 107.42 and it is now at 105.10.i originally set take profit at 106.50.damn,never knows where this thing willrun but it looks like leaving no take profit forpartofposition is good idea
Ahli sejak Jan 14, 2010   2299 hantaran
May 05, 2011 at 14:32
Thanks Speki,I hope so too.20% damned % is a true barrier here
Ahli sejak Jan 14, 2010   2299 hantaran
May 05, 2011 at 14:56
wow. under 104.00.
Did they find oil in Washington, DC?
Ahli sejak Jan 14, 2010   2299 hantaran
May 05, 2011 at 22:08
I am itching to buy oil now, but feel weary as this huge daily candle carries a lot of momentum. I want to be sure that momentum turns before going long somewhere. still looks like a great opportunity.
Ahli sejak Jan 14, 2010   2299 hantaran
May 06, 2011 at 06:46
Yeah, it is not that simple.Not kind of last May 6, 2010 event. Price stays where it fell to and 100 holds as resistance. price is below daily open and testing 99.00.
Ahli sejak Jan 14, 2010   2299 hantaran
May 06, 2011 at 06:59
It looks like those unemployment data had important impact upon oil as investors realized what kind of recovery it is if it is going on hot air and not supported by real job creation.
In the long term I still believe oil will get much higher but I always go with a market and for now I see momentum has not shifted to long side. 100.00 did not hold as support and price just tested 99.00 although has not reached previous low for now.
Ahli sejak Jan 14, 2010   2299 hantaran
May 06, 2011 at 07:04
this is as i see a big picture if price breaks below yesterday's low.

[URL=https://imageshack.us/photo/my-images/707/oild.gif/][IMG]https://img707.imageshack.us/img707/9918/oild.gif[/IMG][/URL]

Uploaded with [URL=https://imageshack.us]ImageShack.us[/URL]
Ahli sejak Jan 14, 2010   2299 hantaran
May 06, 2011 at 07:09
sorry, still no connection to image shack.
Ahli sejak Apr 07, 2011   28 hantaran
May 06, 2011 at 07:15

Chikot posted:
    It looks like those unemployment data had important impact upon oil as investors realized what kind of recovery it is if it is going on hot air and not supported by real job creation.

hi chikot

I think the only thing investors-speculants realized was profits :D and some latecomers even losses. all that campaign.. buy commodities, buy silver,gold now when its still cheap... all they needed was some sheep to buy it from them at the top
blah bla bs
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