Yea. Im an opportunist remember mate. lol Have no interest in contnatly trying to anticipate the next direction the market will move and then risking my own cash on that. Instead i just wait for opportunities where it would be extremely hard/impossible for me to lose my money, and then take those hard n fast. I saw the opportunity here, and so simply did my job. Just another day at the office. They have this every day on aud/usd, had it like that for months. Gap of about 10ticks with a few seconds delay. But its an 8points spread, and with aud/ud so low on volatility n liquidty now itd be too much effort to scalp it for the delay in quotes because of that spread.
Ive looked at the chart and there is an extremely odd pattern going on here that i dont like at all... :eek: We have basically been getting continuous ''Bowl n Stick'' formations for over 1month now! :eek: Ive put chart to show... I have no idea what is causing this, and more importantly 'how' if someone even wnated to could they physically cause the market to do this over such a long timeframe???! :eek: :eek: If this continues tomorrow though, which with what the fed did today (i explained the true implications of what they have actually have done, but explained in real language) , it could likely do so... Then we will be breaking to the 52.54 levels at which i want to sell. *Note this chart is for the april contract that expired today, as so form tomorrow il be onto my normal chart with all the lines from the last 6months, so itl be exciting to see how the market now fits and reacts when crosses those lines that were drawn in november. And so il be back on the normal price which is around 50.16 at the moment. But this chart is good as its clean, and so shows clearly how oil has been moving on the trend line.
Yep! Today's move by the Feds didn't really surprise me, since they've been on this path for months, but it did take me off guard. Good thing I didn't have any positions open. This whole inflationary move is good for stocks, oil, gold and other commodities. What pisses me off is that we had a 7 day consecutive stock market rally prior to this announcement which had a lot of people scratching their heads. Someone out there, like Goldman Sachs, knew about Fed's plans and had been on a buying spree in the past week. The whole freaking game is rigged!
I just feel so gutted that i actually bought at the low 6400s on the dow last week, had set my lowest target for 7026, but then bailed out all 3 trades for just barely 60ticks profit each time!! :eek: Really really needed the money for safety. :/ Also feel depressed about chickening out and cashing in my oil long from 42.90 last week!! Today i want to sell how oil (may) reacts at 50.89 and 51.26. If it breaks those i want 51.86 and 52.26. I gna go sleep now as its 7am uk time but il be up by 12 lunchtime for usa open when the movement starts.
ok i really need to sleep now or il feel crap later in the afternoon n evening. But for anyone who is interested in well 'living', and especially about oil, heres a link to a great documentary style movie and about the future world as oil runs out. http://www.youtube.com/watch?v=rSQ0KtnaMVc&feature=related ive only seen 1st part so far but its really interesting and gripping stuff. Although they are very wrong about the price... lol As they start in 2016 saying oil is $95, gasoline $3.50, when by 2016 unless Fusion is usable for the public/industrial usage, oil will be floating around $300 per barrel i think! It will be great. And i will be able to feel extremely smug if im still alive.
grrr fuck this!! theres no way i can sleep with the volatility of this open! How teh fuck do i get such bad luck is what i wana know!! every other night i slept, wakeup at 7am n its 7hours of 1ticks per minute moves in a 5ticks range!! today i do an all nighter and now the market is moving 10ticks per seconds again!! :eek:
Hi I'm not sleeping as well... Reason? I went short on the close yesterday Gonna be INTERESTING day!!! I wish you luck, Sir PS Just my 5 cents. Oil seems weak here. Be careful on the long side
yikes! :eek: you mean pit close??? :eek: :eek: And what long side?? :eek: Its me mate, not some kinda sad little trend-chasing twat! You wont catch me buying this piece of shit at any price above 43